How DEGO Finance Is Breaking Monopoly in the DeFi Industry
Monopoly and centralization of powers has always been one domineering problem in the global financial system. Despite the debut of cryptocurrencies and the associated decentralization mantra, the challenges are still there.
In the wake of that, Decentralized Financing (DeFi) was introduced to continue the peer-like transactions instituted by cryptocurrencies.
While some upgrades have been made within the few months of use, more technicalities need to be deployed to actualize the monopoly-free transaction ecosystem that the cryptocurrency community has been longing for.
Can DEGO Finance Break the Monopoly?
The question now borders on whether the DEGO Finance protocol will be the last straw that will break the bark of the monopolistic tendencies in the crypto-sphere.
From the look of things, it has good fundamentals that could edge it closer to breaking the monopoly and setting the path straight for every DeFi investor to make money from the system.
What Is DEGO Finance?
DEGO Finance prides itself to be a “more decentralized and sustainable liquidity mining protocol,” which thrives on maximum decentralization and community-centric governance.
It is poised to be everything that the Brendan Forster-inspired Decentralized Finance (DeFi) system ought to be. So, you are rest assured that you can now transact on different crypto transactions without giving away too much information or playing into the hands of the whales.
The DEGO Anti-Monopoly Moves
The DEGO Finance protocol has some impressive and innovative features that are buoying the DeFi ecosystem.
In this section, you will learn about the different strategies that the protocol is deploying to ensure that all the transactions facilitated via the network are both transparent and scalable.
1. Decentralization
The DEGO protocol is all out for full-scale decentralization of transactions. At the same time, the protocol aims to be the herald that explores new and more decentralized forms of communication in the DeFi sector.
Mention must be made of the different strategies that the network has in place to ensure that the investors aren’t in any way cut out of the full potentials of the Decentralized Autonomous Organization (DAO).
2. Promoting Zero-Capitalism*
The second strategy is to break the bane of capitalism. For many decades, capitalism has been one of the factors that breed manipulation, uneven distribution of resources, as well as greed.
Because the rich and powerful have the finances and resources of state, they can always decide on the direction that the market ought to follow.
What if there are no whales to control the system? Of course, more DeFi investors with more buying power will continually dominate the market if nothing is done about that.
That is where the DEGO protocol deploys another innovative feature aimed at breaking the ranks of capitalism and enthroning zero-capitalism. In that case, the DEGO protocol is now returning the DeFi community to the ideal status quo where the consensus of the investors and the directions of the markets will be the only factors that will aid in the direction of the DeFi industry.
Final Thoughts
Chasing out capitalists and reinforcing DeFi transactions are the hallmark of the DEGO protocol. And the goals of the project are relatable and will also be actualized too if more investors will buy into the concept.
Want more information about this amazing project, Follow the links below;
Website: https://dego.finance/
Twitter: https://twitter.com/Dego_Fi
Telegram: https://t.me/dego_finance
Medium: https://medium.com/@dego_finance
Discord: https://discord.gg/xJjSJrd
Github: https://github.com/dego-labs
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