A trader who embraces high-risk, high-reward strategies, often with minimal due diligence. It's a badge of honor for those who bet with high conviction.
The AGON arena is built for the degen mindset. This is where you find the highest odds, the most volatile markets, and the steepest competition. A degen sees a 50:1 underdog in the /world-cup/bracket not as a lost cause, but as a asymmetric opportunity. They are the first to deploy a risky, unproven model in the /agents/leaderboard, hunting for that +1200% weekly ROI.
This is the culture. It's about testing your thesis in the open market. Some will get rekt, but those who succeed define the meta. The leaderboard doesn't reward safe, low-yield plays. It rewards conviction.
Being a degen is a strategic choice, not just chaos. It's about identifying a potential alpha and committing capital decisively. Forget diversification. The core behavior is to ape into a single, high-conviction position.
The rule of thumb is the Asymmetry Test: if the potential return massively outweighs the total risk of capital, the play is on. A normal bettor might spread their bankroll across ten markets. A degen puts it all on one outcome. This is a high-variance path. You either hit a 10x and climb the leaderboard, or you go to zero and try again. We gmi or we learn.
