On June 23, Degen clarified on X platform: The foundation has been using part of the funds to issue call options and generate income, with these options set far below the out-of-the-money level and only effective when DEGEN rises. If DEGEN increases, a portion of the options may be converted to USDC, which is a way to extend the runway and maintain self-funding, with a current nominal issuance of around $3 million, but this varies monthly.
Binance Alpha Airdrop and some liquidity pool activities come from Airdrop 3 pool, with an upcoming update to the token economics page. Airdrops have been reduced over the past few months, and fee subsidies will be terminated after the Degen App goes live. However, some venture capital firms are attempting to trade at a discount over-the-counter and then buy and sell in the market, with Degen having no collaboration or support for these companies.
