In this paper, we consider a one-dimensional weakly degenerate wave equation with a dynamic nonlocal boundary feedback of fractional type acting at a degenerate point. First We show well-posedness by using the semigroup theory. Next, we show that our system is not uniformly stable by spectral analysis. Hence, we look for a polynomial decay rate for a smooth initial data by using a result due Borichev and Tomilov which reduces the problem of estimating the rate of energy decay to finding a growth bound for the resolvent of the generator associated with the semigroup. This analysis proves that the degeneracy affect the energy decay rates