Гаманець для Morpho Degen

What is Morpho Degen (MDEGEN)?

The vault behind MDEGEN is denominated in DEGEN rather than in dollars, and that one fact decides most of what holding it is like. DEGEN is a Base token that grew out of tipping culture in the Farcaster community. The Morpho Degen vault supplies into DEGEN loan markets, with Re7 Labs curating which markets it touches, and MDEGEN is the share issued against a deposit.

So the share tracks a quantity of DEGEN. Whatever the underlying markets do, the unit of account stays DEGEN, the position moves with that token, and redemption returns DEGEN rather than a stablecoin. Anyone treating this as a dollar-denominated holding has misread it. The share count stays fixed after issuance while the DEGEN per share changes with market activity, including downward if a market goes bad.

Base charges its fees in ETH, and every deposit, approval and withdrawal is an ordinary contract call, so the same address needs a small ETH balance before anything can be done with the share at all. Tangem holds that ETH next to the share in one wallet, and each signature is made by touching the card to the phone instead of sitting down at a desktop. Positions handled in short bursts like this belong in something you can carry and use in a minute.

Supported networks in Tangem (1): Base.