We propose a new class of oscillators by engineering the dispersion of two-coupled periodic waveguides to exhibit a degenerate band edge (DBE). The DBE is an exceptional point of degeneracy (EPD) of order four, i.e., representing the coalescence of four eigenmodes of a waveguide system without loss and gain. We present a distributed DBE oscillator realized in periodic coupled transmission lines with a unique mode selection scheme that leads to a stable single-frequency oscillation, even in the presence of load variation. The DBE oscillator potentially leads to a boost of the efficiency and performance of radio frequency (RF) sources, due to the unique features associated with the EPD concept. This class of oscillators is promising for improving discrete-distributed coherent sources and can be extended to radiating structures to achieve a new class of active integrated antenna arrays.