General Presentation
Decentralized Finance popularly known as De-Fi is a fast developing sector in crypto industry . The conventional crypto currency established a decentralized system that stores value which is quite
seperated from the government and backed by Fiat currency while De-Fi established decentralized financial instruments which is completely separated from the conventional financial institutions. De-Fi
industry is quite small compared to the conventional cryptocurrency industry . It has witnesses a massive growth in 2020 totaling its market cap up to $10 billions .
Majority of these DeFi platform implements DApps which uses series of smart contracts for financial transactions automation , thereby making them faster and highly efficient . The Dapps are bing
controlled by a computer code which ensures efficiency and enable trusts. In this article i will be discussing about DEGO finance platform . DEGO is a different concepts entirely compared to the
existing De-Fi system such as YFI, SUSHI, YAM , COMPOUND and others. There are some distinctive features that make DEGO platform more superior and highly promising . All these features, i will
not hesistate to elobrate in the article.
About DEGO DAO
DEGO will be an iconoic Decentralized Finance platform that will open doors for freedom, innovation, equality and transparency in the world of blockchain . DEGO operates on a community
governance model which will not allow them to recieve funds from Angel investors, VCs and more. DEGO aims to acheive the economy of fiancial freedom , transparency and equality .DEGO token is
absolutely a governance token which allows anyone all over the world irrespective of their locations to participate in the Defi and joining the ecosystem .All DEGO tokens can be used after the approval
of its DAO governance apart from the 1% airdrop issue and the Pre-Sale.
- Facts About DEGO DAO
Most of the existing DeFi Model of operation is quite unsustainable , the system only benefits the Whales who are the top investors . It is very easy for them to crash the system by pulling off their
investments. This will have adverse effects on the nearly on the platform liquidity which in return will only burn the small scale investors. Whales has been the major cause for concern in the Yield
farming system . Having observed all these anomaly, the team of DEGO has come up with a sustainable solution to solve all these problems . DEGO team has created a liqudity mining system with the
algorithm well adjusted .The platform implements some sets of deterministic algorithms for liquidity mining . hence, converting the staked LP tokens by users to POWER which is quite similar to the
hashrate of Bitcoin mining . Earning are redeeded through this channel. Under DEGO established mining model Daily output per user is equivalent to the daily mining pool output .
- As a pure decentralized finance platform, DEGO team memebers are all over the world. They are people of different cultures , languages with common interest , values and visions. DEGO in a bid to
accomplish the mission of transparency and openess in decision making system , 5 internal representatives will be chosen based on team decision on the initial operation of the Protocol. Governance
permission will be set on each contract as a multi-sig wallet .Besides, adjustment and decison will also be made based on 3/5 decision making protocol. The platform earning will also be aggregated into
Multi-Sig wallet so as achieve the true governance goal by the Team.
- When the project reach some certain level of accomplishments , the community now becomes the mulit-signature wallet co-holder through voting and mechanism of proposal . DEGO DAO is a
community project designed to be run by the community itself in a very transparent, clear and open way .The community will have power to vote ,propose and change unpleasant system , making a
decision that will lead to the growth and profitability of the platform. DEGO DAO aims towards improving the growth of DeFi DAO Ecosystem and achieving economy of Maximum transparency and
decentralization.
To learn more about the platform , dont hesitate to visit the official links below :
Website: https://dego.finance/
Telegram : https://t.me/dego_finance
Twitter: https://twitter.com/Dego_Fi
Discord: https://discord.gg/xJjSJrd
Authorship:
Bitcointalk username :koremodupe
Bitcointalk profile url: https://bitcointalk.org/index.php?action=profile;u=2681359
Eth address: 0x92d259F369B02eF1d625C3F3bDc2F6b06A8BE272
POA: https://bitcointalk.org/index.php?topic=5272474.msg55218567#msg55218567
