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Degen is the shortened version of Degenerate - capitalised because Degens are a species.
They have all the qualities of a Degenerate yet are still somehow less mentally capable.

Origins are Philipp Degen, a Swiss football player.
Yo, that guy just put milk before cereal, what a Degen haha.
Degen by Philipp Degen June 13, 2019

Degen Hours 

When you have an irregular sleeping schedule and you are consistently awake during the early hours of the morning.
Damn! you're up at degen hours right now...
Degen Hours by ThiccestApe January 26, 2022
A stock market trader who yolos all their money on a degenerate investment in the hopes of it mooning.
TheStockGuy is a degen - he yolo'd his baby's college fund on TAN calls and lost it all.
Degen by anonymous October 12, 2020
Gambler, "degenerate" gambler. Refers to card players, racetrack bums, bookies, dice & craps shooters, proposition (prop) bettors. Gamblers consider other gamblers degens, but not themselves usually. Card players consider sports bettors "degens." Sports bettors consider slot machine players degens. Etc
gambler degenerate bookie card player riverboat gambler bettor casino client table game player
Degen by CJRogue October 9, 2012
any type of late night gamer, or late night enthusiast. night is only half of all time so can you blame them?
oh yeah, totally gonna degen it tonight in valorant.
degen by p00pheader March 2, 2022
A chronic gambler who will bet on any obscure sport you can name, Russian ice hockey: been there done that. Irish ice curling: yep. Korean badminton: bitch please I can name every player
I am a degen gambler
Degen by Andydegen February 28, 2016