DEGO Finance is a DeFi farming platform for liquidity mining

Dego - Whats is DEGO Finance? DEGO Finance is a new blockchain project based DEFI Concept with a Sustainability ecosystem, DEGO comes by bringing new ideas to explore and maximize the potential of Defi and blockchain technology.

DeFi firing on all engines - The DeFi space is like a spaceship that is racing away to the moon.
Every day there are more and more projects being launched and this means a lot of things happening in the defi space.
It is like a magnet that is getting stronger and attracting more and more people to invest in the defi space.
There seem to be many opportunities however for an investor the funds are limited so you can as an investor can invest in only so many projects.

The LEGO of DeFi

Non-fungible tokens (NFTs) represent a unique type of cryptocurrency tokens that cannot be interchanged. The ERC721 standard is used to create art, collectibles and gaming-related items on the Ethereum blockchain.
DEGO positions itself as the LEGO of the decentralized finance (DeFi) world, which allows users to build new things in a modular manner.
The project has its own governance token, which has a capped supply of 21 mln. It can be used for minting NFTs. DEGO refers to LEGO in the DeFi world. It introduces a new farming model called “liquidity mining with algorithmic adjusted”.
Each DeFi protocol can be regarded as a brick: it could be the stable coin like DAI, flash loans like Aave, Compound, DEX like Uniswap and Balancer, or derivatives like Synthetix. Around these underlying protocols, DEGO team aims to create diversified investment portfolios and generate substantial financial returns for users.It’s going to launch an NFT mining function, that enable users to stake DEGO tokens and yield farm NFT collectibles

Dego is a DeFi platform that is founded using Ethereum blockchain technology. The good thing about Dego is that it uses a modular design where a product’s elements are combined for creating a subsystem that can perform certain functions. In Dego’s ecosystem, all such subsystems function like universal modules combined with similar modules to generate newer multi-functional systems.

Features of Dego -

The products in Dego are considered to be modules and their combination results in the creation of new products. Also, Dego has created a wallet loaded with several features and allows users to perform different types of transactions.

Advantages of Utilizing Dego Finance Platform -

As a DeFi platform, Dego allows individuals and corporate bodies to access different financial services from any geographical location.

Users can utilize borderless financial transactions without bothering about third parties, typically involved in conventional transactions.

Offering the highest level of security, Dego lets users control their transactions and activities entirely.

Dego Token -

Dego DeFi platform has created its native currency, which has been named DEGO. It has been developed to work as a utility token for their finance ecosystem and can carry out different transactions.
The good thing about Dego token is that it will provide token holders voting power and with such voting power, users will be able to decide how the system operates. Additionally, Dego token can also be used to for incentivizing Dego’s DeFi ecosystem.

How does DEGO remain sustainable?

The platform uses a set of deterministic algorithms for liquidity mining. When a user stakes LP tokens in the platform, it converts them to POWER to determine how much rewards they will receive. You could compare POWER to hashrate in Bitcoin mining. The formula puts less importance on the staked amount, and more on the total amount of participants. Which is why Dego Finance also has an upcoming referral program.
Hunting DeFi gems is costly… Being an early adopter can be worthwhile, but it is hard to catch the correct timing and you always risk the project being a scam. Dego mitigates this risk by following a modular design where every DeFi protocol (Aave, Uniswap, Yearn etc…) is a lego brick in its ecosystem. As a result, the platform creates a diverse investment portfolio for its users.

To add to the sustainability design, the DEGO governance token has a deflationary and profit sharing model. On every transfer, 1% is permanently destroyed through burning and 1% is transferred into the dividends pool.

USEFUL LINKS
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
AUTHOR
Bitcointalk Username- Alayna1
Bitcointalk Profile- https://bitcointalk.org/index.php?action=profile;u=2853101
Poa: https://bitcointalk.org/index.php?topic=5272474.msg55313085#msg55313085
Eth- 0xB623b53EC41F52A7BC0755A80f56e8f2bB2D2956