According to ChainCatcher, UXUY, incubated by Binance Labs, announced that $DEGEN has become the second phase project of the platform's Launchpool. During the event, users stake USDC or INDS (BRC-20) in UXUY Launchpool and share the DEGEN prize pool according to the amount and duration of the stake. The rewards will be distributed to the user's UXUY wallet within 24 hours after the end of the event.

It is reported that DEGEN is a successful SocialFi project in the Farcaster ecosystem. Participants can publish high-quality content in the Degen channel on the decentralized social platform Farcaster and receive fair rewards. The number of on-chain addresses has exceeded 700,000 in four months since its launch, and it will be listed on OKX soon.

This is UXUY's continuous exploration of the Base ecosystem. More high-quality Base assets will be introduced in the future, and users can also complete ultra-fast transactions of Base chain assets in the UXUY APP.