Introduction
There are wide varieties of projects in the blockchain industry and cryptocurrency space. Since the introduction of Bitcoin in 2008, numerous projects have come up and so many have not been able to sustain their projects. Stiff competition in the market and internal weakness contributes to the inability of the projects to attain and achieve their set goals. This difficulty also exists in the decentralized finance (DeFi) space; many projects do not meet their set goals. Examples of DeFi projects that could not sustain their projects include YAM and CRV. With such events, Dego , as a new project is building techniques that will ensure that its project maintains its sustainability over a long time.
Some techniques of Dego include;
Closed-loop circulation of value
Dego creates a cross-chain interaction protocol that promotes the circulation of value in the network in a closed-loop. The network improves its sustainability by ensuring that its users have access to liquidity. Dego creates a platform that allows its customers and investors to store their Dego token and ETH in Uniswap or other decentralized exchanges (DEX). Users who store their assets in Uniswap receive the LP token (Uni-v2). This collaboration between Dego and LP allows users to obtain Dego token when they inject their LP tokens into the mining pool or the governance pool. This continual partnership and interaction between LP token and Dego fosters a stable stream of development momentum and growth to each other. Hence, through this fostered mutual understanding and expansion, Dego will be able to maintain its sustainability.
Revenue Application
One of Dego’s techniques to ensure the sustainability of its project is to provide a revenue rewarding system for its users. The architecture of the development of Dego network makes provisions for digital asset owners to earn interest when investing in the project. Dego has several excellent DeFi projects that empower and supports its services, and through that, they are able to offer the highest revenue in the DeFi world to their users. In doing this, they will attract more investors and partners who can join their network and participate in the project. This technique ensures that users who engage in the Dego project receive great rewards and interest for their partnership and this helps to promote the sustainability of the network in the long run.
Destruction of Deflation
Developing a technique that handles the elimination of deflation on the network is another way by which Dego is maintaining sustainability. The destruction process occurs when a user transfers Dego , which usually occurs when initiates from the transfer interface and moves to the interface of the contract. There will be a deducted of 5% of the transfer amount, which serves as the handling fee for the transfer. Dego places 2.5% of this handling fee into the dividend pool and permanently burns the other 2.5%.
More so, there is a plan to expand the value boundary of Dego to increase the chances of its sustainability. The projected target and what Dego seek to achieve is not limited to the existing design of the network, however, they also intend to offer more unique products that will benefit business and economies operating within the DeFi world. In addition, Dego will also build a revolution in the application layer of the blockchain.
Projects Info
Website
Telegram
Twitter
Discord
Medium
Github
AUTHOR'S INFO
Bitcointalk Username: chuksmy
Bitcointalk Profile Link
Proof of Authentication
Dego is one of the best defi project now. I'm happy I bought some token earlier. Enjoying my profit now. Good Article
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Thank you
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit