Yield farming satire MEME turns into multi-million dollar crypto project

Cointelegraph

Published Sep 03, 2020 10:38PM ET

Updated Sep 04, 2020 02:40AM ET

Degenerator, or MEME, an obscure project that began life as an airdrop to Telegram users, has managed to garner a $3 million market cap and is seeking to carve a niche for itself as a non-fungible token (NFT) farming protocol.

MEME emerged from a joke posted by ConsenSys’ DeFi product lead Jordan Lyall, who created a joke advertisement ‘The Degenerator’ — a fictitious tool for creating ponzinomics-inspired yield farming tokens.

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