Degis Income Sharing Function

Published on: 03.05.2022

Degis introduced income sharing function that specially designed for loyal users of Degis to share the platform income by using veDEG on May 5th.

How to share the platform income?

Degis users can stake veDEG into the income sharing pool to share USDC.e income. The staked veDEG still has the same effect on boosting the DEG mining rate. But please note that users need to unstake veDEG from the income sharing pool. It’s better to do before unstaking the DEG from the veDEG generating pool.

Income Sharing Pool Rewards Generating Method

The USDC.e reward in the income sharing pool comes from the platform income. 1% of the redeem & settlement fee and 2% of the protection token trading fee will automatically flow into the income sharing pool. Every 15 days, 80% of the accumulated profit of the income sharing pool will be distributed linearly over the next 15 days. Once set, they will fix the distributing rate in 15 days.

The team will calculate the new coming income flow into the pool during this 15 days into the rewards for the next term. The reward rate will also be rebased every 15 days.

Why Income Sharing?

They hope every platform contributor and $DEG holder can benefit from the growth of the platform. That’s the reason the income sharing function allows the most loyal users to stake veDEG and share USDC.e income.