Find out about Degis
Dexalot excited to list Degis $DEG token
Degis is a next-generation DeFi protection protocol. Bridging the physical and digital worlds, it is also the first all-in-one protection protocol being built on Avalanche. With its focus set on disrupting the traditional insurance market by leveraging blockchain technology, Degis solves two key problems with the traditional insurance market: excessive operation cost and non-transparent claims. Through wider cover areas, capital liquidity aggregation and instant payouts, Degis is establishing itself as the new paradigm for crypto insurance. The ultimate goal is to build a universal crypto protection platform and shape the whole world’s decentralized protection ecosystem.
To provide a better experience Degis was made to protect while allowing one to earn and have fun in the process. You can contribute by providing protection liquidity, token liquidity or purchase liquidity. You can also participate in mining and earn DEG the native cryptographically-secured fungible protocol token of the Degis platform.
DEG is a transferable representation of attributed governance and utility functions designed to be used solely for interoperability. DEG provides economic incentivization to encourage users to exert efforts towards contribution and participation. This medium of exchange provides a secure mode of payment and settlement. Find out more about its description, distribution and tokenomics here.
The Degis treasury box contains hundreds of thousands of prizes. With the introduction of the Degis Meta Market, cross-product all-in-one protection is becoming a reality. Degis is distributing 100 million $DEG tokens to loyal users. All contributors are incentivized with Degis tokens regardless of whether one is on the buying or selling side of crypto insurance needs. The road map includes token price protection, DEX and CEX listing, impermanent loss protection, community-designed products and more.
As a protection liquidity provider on DEGIS, you will get LP tokens proportionally, which can be staked to farm $DEG tokens. LPs will also earn all transaction fees in the swap pool.
Degis has a variety of uses for it’s platform token $DEG. Check out the tutorials to learn all about it. The Degis conceptual innovation resulted in a novel integrated decentralized protection platform. This platform entitles both liquidity providers and insurers more flexible risk covering options, with lower costs/higher returns. Currently, you can add the token to Metamask and trade it on Trader Joe. Deg will be added to other exchanges soon.
The Degis mainnet will launch at 8am, April 1st (UTC) with their initial product, the Naughty Price Protection. This product aims to protect users from highly fluctuated token prices. AVAX will be the first Naughty Price Protection token.
About Dexalot
Dexalot is a revolutionary decentralized exchange aiming at bringing the traditional centralized exchange look and feel to a decentralized on-chain application. Its mission is to bring a truly inclusive and transparent environment where Dexalot users can trade crypto securely and efficiently, with no slippage or custody risk. It is built on Avalanche, the fastest smart contracts platform in the blockchain industry.
About Degis
Degis is the next-generation all-in-one protection protocol, the first on Avalanche.
Degis will offer exhaustive protection to users and traders, offer a decentralized protection market and ultimately bring scalable risk management to the crypto world.
