What is Buyer Incentives Function?
Buyer Incentives is a function that specially designed for buyers to get rewards when they are purchasing protection products on Degis platform.
Users can get buyer incentive tokens every time they purchase protection on the platform since Degis launched on mainnet on April 1st. The amount is equal to the total USDC.e consume. , for example, if you spend $5 to buy protection, then, you will additionally get 5 Degis Buyer Tokens(DBT). DBT can be staked into the buyer incentive pool to generate $DEG reward. The generate method is as following:
In every 24 hours, the pool will generate $DEG rewards for buyer incentive token stakers according to their deposit share. Users can withdraw their DBT freely before
After distributing the rewards, staked DBT will be burned.
The Degis Buyer Token(DBT) has been accumulating
The daily $DEG supply for the buyer incentive pool is depended by the number of DBT staked in the pool, more DBT staked, the more $DEG will be generated one day.
Buyer Incentives will be the first function that degis launch on May 1. More features and activities will go live on degis next month
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.