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The current real-time price of DGNETH is $3,011.05. In the past 24 hours, DGNETH has traded between $3,011.05 and $3,016.81, showing strong market activity. The all-time high of DGNETH is $4,770.42, and the all-time low is $1,433.09.
From a short-term perspective, the price change of DGNETH over the past 1 hour is , over the past 24 hours is -0.58%, and over the past 7 days is --. These figures provide a quick overview of the latest price trends and market dynamics of DGNETH on LBank.+6.08%
The live price of DGNETH today is $3,011.05, with a current market cap of $3.620M. The 24-hour trading volume is 567.92. The price of DGNETH to USD is updated in real time.
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Before deciding whether to buy or sell DGNETH, you should first consider your own trading strategy. Long-term traders and short-term traders follow different trading approaches. LBank’s DGNETH technical analysis can provide you with trading references.
What will the value be? You can use our price prediction tool to conduct short-term and long-term price forecasts for DGNETH.
How much will DGNETH be worth tomorrow, next week, or next month in ? What about your DGNETH assets in 2025, 2026, 2027, 2028, or even 10 or 20 years from now? Check now! DGNETH Price Prediction
To learn more about DGNETH, consider exploring other resources such as the whitepaper, official website, and other published information:
Top 5 addresses | Holding amount | Holding ratio | |
|---|---|---|---|
ethereum | 0x5bdd...1e1346  | 1,752 | 145.7% |
ethereum | 0x5ba5...123b4f | 890 | 74.01% |
ethereum | 0xafcc...fd7298 | 403 | 33.51% |
ethereum | 0x2583...cc25ca | 2 | 0.17% |
ethereum | 0x7daa...d9a868 | 2 | 0.17% |
Other | -1,846.50 | -153.56% |
The project utilizes a two-token model to serve different utility needs. dgnETH (Degen ETH) is a non-yield-bearing token backed 1:1 by a basket of ETH-based assets, designed for use in decentralized finance applications like lending or liquidity provision without a changing balance. sdgnETH (Staked Degen ETH) is the yield-bearing version. When users stake their dgnETH, they receive sdgnETH, which captures the accumulated yield generated by the entire underlying collateral basket.
The Yield Multiplier is a unique feature where yield is generated by 100% of the assets in the collateral basket, but only distributed to those who hold sdgnETH. If a portion of the total supply is held as unstaked dgnETH, the rewards that would have gone to those tokens are instead distributed to the stakers. For example, if only half of the supply is staked, sdgnETH holders receive a 2x multiplier on the base yield, allowing for potentially higher returns compared to standard liquid staking tokens.
As a diversified index, dgnETH generates yield from a variety of Ethereum-based strategies. The collateral basket typically includes liquidity provision in decentralized pools, lending vaults where WETH is utilized against other assets, and strategic allocations to various liquid staking and yield-bearing tokens. This diversified approach aims to optimize returns across the decentralized finance ecosystem.
The underlying infrastructure is built on the Reserve Protocol, which has undergone multiple audits. Additionally, dgnETH incorporates collateral from protocols that have their own rigorous security histories. However, users should be aware of smart contract risks, the potential for underlying assets to lose their peg to ETH, and yield fluctuations that occur based on market activity and decentralized finance volatility.
There have been community discussions regarding the transition or phasing out of certain incentives for dgnETH. As the ecosystem evolves, governance may propose moving users toward newer or more optimized ETH index products. It is important for users to check official project forums and community channels for the latest governance updates and sunsetting status before making long-term commitments.
Users can mint dgnETH by depositing ETH or its constituent collateral assets through the project's decentralized application or supported protocol interfaces. Redemption is available at any time, allowing holders to exchange dgnETH for the underlying basket of assets. Additionally, the token can be swapped back to ETH through various decentralized exchanges and liquidity pools.
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