What is DEGENS?
Degens is the first non custodial betting exchange to be built on the blockchain utilizing audited smart contracts. No KYC, no bookies, no censoring. This is betting turned upside down.Degens is a P2P sports betting exchange using the stablecoin DAI and operating on the ethereum blockchain. Degens has been on the mainnet since 2017 with over $20,000,000 DAI exchanged.
IN-GAME TRADING
Do you think Donald Trump is going to crush Biden in the debates? Similar to the stock market, Degens offers the ability to buy/sell their position to realize a profit as the odds change. So you don't need to accurately predict who will win the election to profit, just predict the direction on polls/odds will move.
This ability to trade also means that if your favorite team is winning at half time, you can sell your position to realize profits.
TRANSPARENCY
All bets are recorded on the blockchain in a transparent manner. This allows the player to piggy back onto the bets that the most successful bettors are making.
INDUSTRY'S LOWEST FEES
Degens is proud to offer the industry's lowest fees. We are able to offer such low fees because Degens leverages the Ethereum blockchain and cryptocurrency, which eliminates many costs that affect legacy sports exchanges.
We charge 0.25% on the claimed amount. The claimed amount is the sum of your stake plus your winnings. So, at even odds (+100), our 0.25% fee will be 0.5% of your winnings. Trades at different odds will have fees that are a different percentage of the winnings:
NON CUSTODIAL / NO KYC
Degens utilizes a smart contract which means your funds are always in your control. One of the leading smart contract auditing firms
Quantstamp performed our audit and the smart contract is verified on
Etherscan.
Leveraging the power of building on the blockchain, no personal information is ever required. You bet directly from MetaMask with the smart contract distributing funds auotmatically to the bettor on the winning side of an event.
BET WITH DAI/ETH
Degens supports betting using the stablecoin DAI which MakerDAO released. We also support WETH, which is a wrapped version of ETH.
VC BACKED
Degens is a proud portfolio company of
Draper Goren Holm which is one of the leading blockchain VC funds backed by billionaire investor
Tim Draper. Degens also has received financial backing from the
MakerDAO Community Development Fund.JOIN THE DEGENS!