Degis Integration with Platypus
Degis Integration with Platypus, by integrating their Protocol Protection into Platypus users can expect to have a reassuring user experience.
How does Protocol Protection work?
Protocol Protection is a next-generation protection device that provides comprehensive protection against all types of on-chain threats. It covers the majority of dangers that may arise in a decentralized environment, and the new approach fills several gaps in the present De-Fi insurance market. Degis Integration with Platypus
Protection Pool + Priority Pool Double Protection Design
The protection pool is the storage pool for protocol protection monies, and it is responsible for paying all compensations. Users can stake the shield in the protection pool to underwrite all insured Degis projects. They will get Pool LP tokens as a reward for staking.
Each project has a Priority Pool that will be utilized first to compensate claim events. Underwriters may stake the protection pool LP token to the priority pool to get more mining rewards. If this protocol has a claim event, liquidity providers will lose protection pool LP tokens and the shield. 
Protocols to Provide Protection & Premium, the maximum coverage ratio
Degis will give Protocol Protection with the first Annualized Premium and Maximum Coverage Ratio if over 50% veDEG votes in favor.
About Platypus
Platypus Finance is a stable cryptocurrency single-side AMM on the Avalanche blockchain (ERC20 tokens).The protocol’s smart contracts promote security, self-custody, censorship resistance, and capital efficiency.
About Degis
Degis, the all-in-one protection market built on Avalanche, aims to protect your asset from every possible risk. The ultimate goal is to build an universal crypto protection platform and shape decentralized protection ecosystem.
