Degis Protocol Protection
Degis Protocol Protection is the next-generation protection product that offers exhaustive protection for all kinds of on-chain risks.
Degis will offer customers the necessary protection against any security incidents, such as rug pulls, cross-chain bridge thefts, or smart contract hack, and has made the following changes to the protocol protection strategy compared to earlier protection products:
“Protection Pool + Priority Pool” Design, greatly improved capital utilization
Degis Protection pools consist of two parts: Pool and Priority Pool. The Protection Pool is the pool that provides protection to all insured protocols on Degis platform. Under Protection Pool, there are specific priority pools for every insured protocol (i.e. Priority Pool A is the specific insurance pool for Protocol A).
The two protection pools approach was initially proposed by the Degis protocol. Nowadays’ insurance protocols frequently only include one layer of fund pools, and underwriters are only able to invest money in one of those fund pools to make premium revenue for a single covered protocol or at a very low annual percentage yield (APY).
But in Degis protocol protection, the thing is totally different. As a result, underwriters can earn premium income from all protocols that exist on the platform, which greatly improved the capital utilization for underwriters.
The design of Degis “Protection Pool + Priority Pool” allows users to underwrite multiple projects at the same time, which greatly improves the utilization of funds while ensuring full compensation, and also brings more generous rewards to underwriters.
About Degis:
The next-generation all-in-one protection protocol, the first on Avalanche. They offer exhaustive protection to users and traders, offer a decentralized protection market and will ultimately bring scalable risk management to the crypto world. etc.
SOURCE:
https://degis.medium.com/the-innovation-of-degis-protocol-protection-6d6e4a14fa33
