Dego: Bringing Fundamentally And Exceptional Changes To The DeFi Ecosystem

in #blockchain4 years ago (edited)

Overview Dego:

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DEGO combines a special blend of innovative ideology, and that is why for Dego, it is about modularity whereby a mixture of different components of the infrastructure workings are consciously galvanized and utilized to form a kind of subsystem that is inherent with basic functions.
Experts in the decentralized finance space are attesting to the fact that developers of the Dego infrastructure are committed to integrating the subsystem to become a globally well-known module with a view to creating an exceptional framework with the ability to seamlessly operate and execute diverse degrees of functionalities.
The system has been modelled, and each project can be treated as a module. After mixing various modules, another project appeared, in this way, it has been able to achieve the expected impact
In order for you to thoroughly understand the meaning of this revolutionary and interesting project, it has been said that it is similar to Lego. Lego bricks are always the best model and motivation for these modules. Each block is a semblance of the regular mainstream we are well acquainted with, however, when assembled it produces unlimited prospects and value proposition.
Identifying The Dego Areas Of Value:

Taking a cursory look at the Dego DeFi-enabled ecosystem indicates that it is integrated according to the financial needs of users, allowing popular and affordable financial transactions with one click. Let me take you into identifying the Dego areas of value to users.

**Create synthetic encrypted assets. Based on the derivatives used on the blockchain, users can create derivatives to form the basis of synthetic encrypted assets.

**Decentralized insurance. General decentralized insurance has been successfully integrated into the ecosystem through the DeFi function, which will help ensure transaction security or make another product insured.

**Tokenized assets. Using a liquidity pool, you can allocate finances in different directions and benefit from your own tokenized assets.

** Exchanger. Thanks to the convenient format of the exchange office, you can exchange cryptocurrencies for fiat currencies or other assets without relying on centralized exchanges.

**Safe payment. Innovative payment protocols facilitate secure payments among all members of the ecosystem.

**Stable currency. On the ecosystem platform, cryptocurrencies with fixed exchange rates can be issued, usually fixed to fiat dollars; if necessary, you can link to the most popular crypto assets in the world-BTC or ETH. You can apply pegs to other valuable assets located in the ecosystem.

**Loan. Thanks to the free financial assets placed on the platform, users get additional opportunities to increase their capital. You can borrow money, and other members of the ecosystem can also borrow money.
**Smart wallet. The built-in crypto wallet helps decentralize financial transactions, and the Dego Finance product portfolio can help you conduct safe and profitable transactions on one platform.

The Dego Infrastructure Imperatives:

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A thorough understanding of DEGO's experienced team obvious shows that they come from different backgrounds and cultures around the world. According to the infographic provided, the core basic interests, values ​​and vision of this revolutionary project are what unites them to form a unique and result-oriented team. Basically, in order to achieve complete transparency and transparency in the initial decision-making of the project, they have selected 5 internal representatives based on the current team composition to determine the initial study of the DEGO protocol.
In other words, they set the management authority of each contract to a multi-signature wallet, and use the 3/5 decision mechanism to make adjustments and decisions. The founding team also collected initial income into the multi-signature wallet to achieve governance goals.
Within a period of time after the normal operation of the project, the community determines the co-owners of the multi-signature wallet through bidding and voting mechanisms. DEGO DAO aims to be managed openly and transparently by community members. The community can vote on proposals to change system parameters and align the individual's desire for profit with the best interests of the agreement. With the help of the DEGO agreement, it is clearly possible to achieve a more decentralized and sustainable liquid mining ecosystem.

Conclusion:

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Let me end this eye-opening article about the revolutionary Dego infrastructure and project by saying this is the future of de-centralized finance globally. Dego is here to disrupt the mainstream de-centralized financial ecosystem and institute something beneficial and sustainable to the world in terms of decentralized finance.

For more information just click on the links below:

Website: https://dego.finance/home
Medium: https://medium.com/@Dego,finance
Twitter: https://twitter.com/Dego_Fi
Discord: https://discord.com/invite/xJjSJrd
Github: https://github.com/dego-labs
Telegram: https://t.me/dego_finance

Bitcointalk Username: Danda23
Bitcointalk Profile link: https://bitcointalk.org/index.php?action=profile;u=2526977

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