INTRODUCTION
DeFi (Decentralized Finance) is an application that uses a smart contract, which runs (commonly) the Ethereum blockchain, to get loans in the form of crypto assets and as collateral for crypto assets. For example, you could pledge Ether (ETH) for a loan in the form of a stable DAI currency in the value of the US dollar.
Smart contracts are the most powerful feature of the Ethereum blockchain. Anyone can use it to create cool applications. The use of smart contracts has increased in the DeFi sector recently, which is reflected in the value of the crypto assets stored in them.
Smart contracts are a proprietary programming language on the blockchain. programmers can take advantage of that code to create applications that run completely on the blockchain decentralized
The use of smart contracts ensures minimal human intervention in the process. Users can simply be sure that the program code is running automatically.
Based on data from DefiPulse, the cumulative valuation of crypto assets held in the DeFi sector is $ 1.85 billion spread across 30 Defi apps, from Compound to Connext. All of them compete for a large number of users with their growing crypto assets.
DeFi's top three, Compound (US $ 629.8 million), Maker (US $ 557.9 million) and Synthetic (US $ 319 million), for example, continue to compete.
About DEGO
DEGO is equal to LEGO in the DeFi world. As a brick, each DeFi protocol can be stable coin (DAI), flash Credits (Aave, compound), DEX exchanges (Uniswap and stabilizer), derivatives (Synthetix), Fuses (Nexus Mutual). Around these core protocols, we will create a new dapp to increase the value of DeFi, create diversified investment portfolios and generate significant financial returns for users and enter the future of financial services.
From our perspective, it's a LEGO in the DeFi world, unique in relation to DEGO, DAO, COMPOUND, YFI and even the most recent SUSHIES as far as assortment, imagination and decency. We trust DEGO will be a masterpiece in the blockchain world that speaks to opportunity, balance, receptiveness and advancement.
The DEGO group is totally thankful and considerably more persuaded than the various venture recommendations we get from Vc's and heavenly attendants, regardless of whether we can't acknowledge it because of our Community the board system. Other than pre-deal and 1% airdrop, some other DEGO token must be utilized after endorsement of DEGO DAO administration. DEGO is an undeniable administration token and we trust it tends to be spread around the world. Everybody can take an interest similarly in Defi and be essential for the DEGO biological system.
DEGO Working Principles
Individuals from the DEGO Team originate from various foundations and societies around the globe. Our regular advantages, values and vision have united us to shape an interesting and stable group. So as to understand the full clearness and straightforwardness of the underlying dynamic of the task, we will choose 5 inward agents dependent on the current group organization to settle on the underlying investigation of the DEGO convention. We will set the Management authorizations of each agreement as a multi-signature wallet and settle on Adjustments and choices with a 3/5 dynamic component. Beginning profit will likewise be gathered by the establishing group into this multi-signature wallet to accomplish the administration objective.
After a specific timeframe from the ordinary activity of the undertaking, the network recognizes co-proprietors of the multi-signature wallet through the offer and casting a ballot system. DEGO DAO is intended to be overseen in an open and straightforward manner by network individuals. The people group can decide on proposals to change framework boundaries and adjust the person's craving for benefit to the convention's eventual benefits. With the DEGO Protocol, we can accomplish a more decentralized and feasible liquidity mining environment.
The portfolio that includes various signatures, regulations and decisions through a unique and specific decision-making mechanism for each situation will make the DEGO protocol in this way a great differentiator for everyone. Once Stage II is reached, Power Transmission to the Community will be clear and precise where everyone is. will have access to all the details because after a certain period of activity of the project, the whole community will identify co-participants of the multi-signature portfolio through the proposal and voting mechanism so that all project funds will be protected by all. When the customer moves the DEGO token, i.e. when calling the exchange interface and transferring it through the interface of the shiny deal, 5% of the exchange fees will be deducted, 2.5% will be directly ruined, the remaining 2.5% will be moved to the profit pool.
DEGO DAO — Bringing the DeFi community together
In our perspectives, DEGO is the LEGO in the DeFi world which differs from MAKER DAO, COMPOUND, YFI and even the recent SUSHI in diversity, creativity and fairness. We hope that DEGO will be a work of art in the world of blockchain which represents freedom, equality, openness and innovation.
DEGO team is entirely grateful and feels more motivated by the numerous investment offers we have received from VCs and angels even though we could not accept due to our community governance mechanism. Apart from the Presale and the 1% airdrop, any other DEGO token can only be used after the approval of DEGO DAO governance. DEGO is a complete governance token and we hope that it can spread around the world. Everyone can participate in DeFi equally and being a part of DEGO ecosystem.
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Two Stages of DEGO DAO
Stage I Internal Created
DEGO Team members are from different backgrounds and cultures across the world. Our common interest, values and vision brought us together to form a unique and stable team. To realize the full openness and transparency of the initial decision-making of the project, we will select 5 internal representatives based on the current team composition to decide the initial operation of DEGO Protocol.
We will set the Governance permissions of each contract as a multi-signature wallet, and make adjustments and decisions through a 3/5 decision-making mechanism.
The initial earnings will also be aggregated into this multi-signature wallet to achieve the goal of governance by the founding team.
Stage II Transfer of Power to the Community
After a certain period of the normal operation of the project, the community determines the co-holders of the multi-signature wallet through the mechanism of proposal and voting. DEGO DAO is designed to be run by community members in a clear, transparent manner. The community can vote on proposals to change the system parameters and to align the individual’s desire for profit with the protocol’s best interest.
🚩The mission of the DEGO DAO is to bootstrap the growth of the DeFi DAO ecosystem and drive the community toward maximizing decentralization.
Dego Mining
Apart from earning income or interest from lending crypto assets, DEGO allows its users to earn income by mining, The mining method used by DEGO is similar to Consensus Proof of Stake POS which allows each user to perform crypto mining easily, Technically to mining DEGO tokens very quickly and efficiently, everyone can do mining easily. The DEGO mining process is called Staking. Mining activities can be carried out on the official website which can be accessed at https: //dego.finance
DEGO has opened its Liquidity Mining Pools to the public on September 16th, 1pm UTC.
Total Token supply DEGO : 21,000, 000
Mining supply DEGO: 16,800,000
Halving Period: 1 week
About terms and conditions and how to participate in the mining process, you can follows this link for more details: https://medium.com/@dego_finance/dego-liquidity-mining-v1-a9c568f8976e
The advantages of Dego
1- Open to Everyone , With DEGO, anyone with an internet connection and a smartphone or PC can freely access unlimited features on the Web or dApp.
2- Accessing other forms of capital, Dego provides an alternative for everyone to store their cryptocurrency assets in the form of fixed value assets. For example, due to fluctuation in values, users do not need to deposit in bitcoin, but in USDT (USD Tether) which has a stable value.
3- Affordable Cross-Border Payments, DEGO eliminates expensive intermediaries and makes remittances cheaper for the rest of the worlds.
4- Ease of obtaining a loan is one of the most important features of Dego, When compared to traditional credit systems, savings and loans in Dego can be executed instantly without complicated processes like credit checking.
5- Transactions are transparent , At DEGO every transaction is immutable and cannot be manipulated, All transaction-related information is stored on the Etherum blockchain and can be seen by the public in real-time.
6- High privacy and security , At DEGO, users have direct access to their wealth and can safely execute transactions without validation from central authorities.
Conclusion
The absence of an ecosystem in coins / tokens will create a massive dump in the market. The absence of the use of coins / tokens will make the value of the coins / tokens decrease and even make the value of the coins / tokens worthless in the future. But DEGO is different from other blockchain / DEFI projects, DEGO has a sustainable ecosystem that will provide healthy benefits for all. Apart from that, not only offering an easy mining method on the platform but also the DEGO token utility adopting Defi will increase the demand for DEGO Tokens in the market, In addition, supply and demand will create an ecosystem that will keep the value of the DEGO token stable, possibly even going up in the futures.
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