FAQs

Frequently asked questions about Degen Arena.

What is Degen Arena?

• A points (XP) competition between Factions (protocols & influencers) comprised of Degens (users) they recruit to reward early adopters of Defi App.

• Top 50 ranking Factions receive bonuses on top of XP earned from their team.

• Degens in a Faction can complete on-chain swaps, trade perpetuals, stake $HOME, and refer new users to earn XP.

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For Degens

How can I join a Faction?

• If you join with a custom referral link, you are automatically added to the Faction that invited you.

• Otherwise, click on a Faction from the Faction Leaderboard, and click Join.

How do Degens switch or leave a Faction?

• Go to your current Faction from the Faction leaderboard and click Switch or Leave.

What actions count for XP?

• Swapping tokens.

• Trading perps.

• Staking $HOME, which can multiply your XP gains.

• Referring new users.

How do referrals work?

• Generate your referral code by entering the Arena and joining a Faction.

• Referrers earn 10% of all referees’ swap and deposit XP.

Are there XP multipliers?

• Users can receive XP multipliers by staking $HOME on Defi App.

Why is my XP not updating?

Some common causes are:

• You have not joined a Faction. You must be in a Faction to earn XP.

• You have not undertaken any actions to earn XP (swaps/holding assets in smart wallets/referrals).

• The leaderboard has not updated yet.

• Occasionally there might be a UI bug - in these instances the team will fix the bug as soon as possible, but users will still be earning XP.

Where is my Perps XP?

Unlike swap XP, perps XP is not awarded in real time and must be claimed on the Perps dashboard. There is a 2-day delay as we use the Hyperliquid daily report to populate the database.

Other questions?

• You can use the troubleshooting chat box at the bottom right the app.

• You can also reach out to #support in the Defi App Discord channel.

Provide as much information as possible, including your wallet address and specific transactions or math behind your question. If you’re not comfortable sharing this information in a public channel, feel free to send the information to a member of the team or community manager. We’ll investigate and return.

I reported an issue. When should I expect to hear back?

We endeavor to respond as quickly as possible. Usually, we’re able to return within 1-3 days, but this is dependent upon the capacity of the team as sometimes we need to solve bugs that can take time.

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For Factions

Why should Factions join Degen Arena?

• Factions receive XP based on the cumulative XP earned by Degens on your team.

• Factions receive bonus XP based on your Faction leaderboard ranking. The higher your Faction rank, the larger the bonus.

• Bring your community closer with a shared goal.

• Top-ranking Factions get priority for integrations into Defi App.

Who can apply to Factions?

• Factions are reserved for protocols, influencers, and ecosystems.

• Do you think you’re worthy of a Faction? Click to apply!

What is the Faction Bonus pool?

• The top 50-ranked Factions will receive bonus XP as indicated on the leaderboard.

• The higher your Faction ranks, the more bonus XP your team wins at the end of the season.

• See seasonal information for the rewards allocated to the Faction bonus pool.

What is the Faction XP pool?

• Degens in a Faction contribute XP towards their Faction 1:1.

• XP is non-transferable between Factions if the Degen switches Factions.

What are the Faction owner benefits?

• Faction owners receive 10% of all XP earned by your Faction.

• Top-ranking factions receive priority for integrations into Defi App.

How do Degens earn XP that contributes to a Faction?

• Degens XP counts 1:1 towards their Faction.

• Degens portion of the Faction XP rewards is determined by their XP contributed to that faction compared to the total points of that Faction.

What happens to Degen’s XP towards a Faction if they switch Factions?

• Degen’s XP contributed to Factions stay with that Faction, and XP earned after a Degen switches is counted towards the new Faction.

• At the end of the season, Degens earn rewards from each Faction they contributed XP towards while a member of that Faction.

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Disclaimer

Defi App reserves the right to modify, suspend, or terminate any aspect of the Degen Arena, including but not limited to XP calculations, rewards distribution, eligibility requirements, and campaign duration, at any time and for any reason, without prior notice. Participation in the Degen Arena constitutes acceptance of any such changes. By using Defi App, you agree to the Terms of Service.