Claiming Degen Rewards

You won the reward draw. Here is how you get paid.

When the protocol selects your wallet as the winner, it records your reward asset reference and opens the redemption flow in your dashboard. The reward path then uses a compliance-gated burn-and-payout flow to release the USDC prize.

The Verification Process

Claim verification follows the live tier compliance policy. DegenClaim verification follows the live tier compliance policy. Degen winners verify an approved CEX payout destination, pass sanctions screening, and then redeem through the burn-and-payout flow. Navigate to Docs for full info on the exchange verification flow and tier-specific claim policy.
  • Crab Tier (1,000 USDC Reward): Defaults to no verification required, unless compliance is explicitly enabled by admin policy for that tier.
  • Fish (20,000 USDC) & Dolphin (75,000 USDC) Tiers: These tiers normally require CEX payout verification before the protocol allows the claim to proceed.
  • Whale Tier (1,000,000 USDC Reward): Full compliance verification is expected by default for the ultimate millionaire payout, using the same CEX payout verification flow.

Burning to Claim

  1. Navigate to the Degen Dashboard.
  2. Locate your reward in the My Rewards section.
  3. Click Claim Payout if the reward has not been verified yet.
  4. Select the approved exchange, enter your Solana USDC deposit address, and add a memo/tag only if your exchange deposit page requires one.
  5. The platform checks the exchange identity, confirms the exchange is approved for the payout route, and screens the provided payout wallet against sanctions lists. Once the address passes these checks, it is automatically approved for current and future payouts.
  6. Once the payout destination is approved, click Redeem NFT to submit the on-chain burn-and-payout transaction.
A 2.5% redemption fee is deducted from the gross jackpot at burn time. Your dashboard shows the gross reward, the fee amount, and the net amount released to the approved payout destination.