Leveraged Farming · Review
ActiveDegenPrime Review 2026: 10x Leverage on Base Memecoins
DegenPrime is a Base-based leveraged farming and lending protocol that lets users borrow up to 10x to trade memecoins, AI tokens and Aerodrome LP positions. It is a high-risk product with very small TVL.
By the DappsAtlas editorial team · Updated
DappsAtlas score
5.5/10
Mixed
Our verdict on DegenPrime
5.5/10DegenPrime suits experienced, risk-tolerant users who want leveraged exposure to Base memecoins and Aerodrome LPs, or lenders comfortable with the risks of lending to leveraged traders. Its main strength is the combination of lending, leverage and LP farming on a single Base platform. The main caveat is risk: up to 10x leverage on volatile tokens, a very small TVL of about $34,000 and headline APRs that should not be taken at face value. Beginners should avoid it or start with minimal amounts.
Score breakdown
How DegenPrime scores
- Security
- 5.5/10
- Ease of use
- 6.5/10
- Fees
- n/a
- Features
- n/a
Scores run from 0 to 10 and are based only on facts we could verify. Where information was missing we mark the score n/a rather than guess.
What is DegenPrime?
DegenPrime describes itself as a community-driven prime brokerage for Base users. It lets people lend assets for interest, or borrow up to 10x to trade and farm with Base meme coins, AI tokens and Aerodrome liquidity positions.
DefiLlama categorises it as Leveraged Farming on Base, listed since March 2025, with roughly $34,000 in TVL and two audits listed. It has no tracked token on that platform, though the homepage refers to $DgP and points.
The tone is deliberately playful and aimed at high-risk traders. Marketing claims such as 100,000%+ APR boosts should be read as best-case figures on volatile pools, not as expected returns.
How DegenPrime works
DegenPrime pools assets from two groups. Diamond Hands lend tokens and earn interest. Degens borrow from that pool, posting collateral and using up to 10x leverage on assets within the Base ecosystem.
Borrowed capital can be used to go long or short on listed meme and AI tokens, or to deepen positions in Aerodrome liquidity pools. Borrowers pay simple interest to lenders, which is how lenders earn yield.
The protocol also offers points and a $DgP reward element for activity. Leverage amplifies both gains and losses, so positions that move against the borrower can be liquidated.
6 features
Key features
01
Lending as Diamond Hands
Depositors lend tokens such as USDC and earn interest paid by borrowers, under the Diamond Hands account type.
02
Up to 10x leverage
The Degen Account lets users borrow up to 10x to go long or short on listed Base meme and AI coins.
03
Leveraged LP farming
Users can leverage Aerodrome LP positions such as ETH-USDC, ETH-cbBTC and ETH-AERO pools, and manage them from the app.
04
Broad Base token list
The homepage lists about twenty tokens including AERO, BRETT, MOG, TOSHI, VIRTUAL, KAITO and CLANKER, with more planned.
05
Points and rewards
Users earn points and $DgP and can climb ranks, and a referral program is linked from the site.
06
Documentation and disclosures
The site links docs, how-to videos, a risk disclosure, restricted territories and a fee list.
Pros and cons
What we like
- Combines lending and leverage in one protocol on Base
- Supports many popular Base tokens and Aerodrome LP pairs
- Two audits are listed on DefiLlama
- Publishes a risk disclosure, restricted territories list and fee list
- Offers docs and how-to videos for new users
- Lenders can earn interest without taking leveraged trading risk directly
Watch out for
- Very small TVL (about $34,000), so liquidity is thin and large positions could be hard to open or exit
- Up to 10x leverage on volatile meme and AI tokens can lead to fast liquidation and total loss
- Headline yield figures like 100,000%+ APR are marketing numbers and not a guide to realistic returns
- Only runs on Base, so it depends on Base token liquidity and Aerodrome pools
- Team, audit details and fee levels are not spelled out on the homepage; they sit in separate documents
- No native token price or liquidity history is listed in the data, and the $DgP token is not yet tracked
DegenPrime fees
The homepage does not state specific fee rates. It links to a List of Fees page, which is where borrowing, trading and platform charges should be checked before opening a position.
The model is described as borrowers paying simple interest to lenders. Actual rates vary with demand, so check the app for current borrow and deposit APRs.
Is DegenPrime safe?
Two audits are listed in DefiLlama data, but the report details and auditors are not stated on the homepage. Positions are managed by smart contracts, so smart-contract risk applies, as do liquidation and bad-debt risk if collateral prices fall quickly.
The site links a Risk Disclosure and a Restricted Territories page, which suggests some regions are excluded. Readers should check these before using the app. The protocol's TVL is small, which can magnify slippage and liquidity risk. Only use funds you can afford to lose.
6 steps
How to get started with DegenPrime
- 1
Read the Risk Disclosure, Restricted Territories and List of Fees pages linked on the site.
- 2
Confirm that using the protocol is permitted where you live.
- 3
Set up a Base-compatible wallet and fund it with ETH for gas and the tokens you want to use.
- 4
Launch the app and choose either a Diamond Hands account to lend or a Degen Account to leverage.
- 5
Deposit collateral and check current APRs and the borrow limit before taking on debt.
- 6
Start with a small position and low leverage, and monitor it regularly for liquidation risk.
Who DegenPrime is for
DegenPrime is for experienced DeFi users on Base who understand liquidation, leverage and meme-token volatility. It also suits lenders who accept smart-contract and counterparty risk in return for yield. It is a poor fit for beginners or anyone who cannot afford to lose their deposit.
DegenPrime FAQs
What is DegenPrime?
DegenPrime is a lending and leverage protocol on Base. Depositors lend assets to earn interest, while borrowers use up to 10x leverage to trade listed memecoins and AI tokens or to farm Aerodrome liquidity pools.
Which blockchain does DegenPrime run on?
The protocol is listed on Base only. The listed tokens include AERO, BRETT, cbBTC, USDC, ETH, VIRTUAL, AIXBT, TOSHI and others, with more promised.
How much leverage does DegenPrime offer?
The homepage says users can borrow up to 10x leverage. The amount available in practice depends on the account type, the asset and the collateral posted.
Is DegenPrime safe?
Leveraged positions in volatile tokens can be liquidated quickly and you can lose your whole deposit. Smart-contract risk also applies, and the project links a risk disclosure page that readers should read first.
What are the fees on DegenPrime?
The homepage links a List of Fees page but does not state rates itself. Check that page and the app before opening a position.
Does DegenPrime have a token?
The homepage mentions earning points and $DgP, and the Diamond Hands account earns points on deposits. DefiLlama lists no token for the protocol, so check the official docs for current details.
Compare
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How we checked
Sources
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