@jacek0x: DEGEN lays off its dev team, plans to build options DEX Yeetr on Base

DEGEN, a token project on Base, laid off its dev team on Monday, and founder Jacek says he will now build Yeetr, an options DEX on Base, himself. He states that DEGEN has not yet found product-market fit and that speed matters more than headcount at this stage. He also says DEGEN keeps at least 2 years of runway as a standing rule, and that the cuts are discipline rather than trouble. Yeetr is described as Uniswap for options, with no order book or market maker and everything onchain, and he argues it would give holders a reason to keep the DEGEN token rather than pump and dump it.