veDEG is coming up

Published on: 12.04.2022

Degis excited to announce that veDEG will also be available on April 15!

How to get veDEG? The veDEG is generated by staking DEG:

• 1 staked $DEG generates 0.023 veDEG every hour
• Maximum veDEG held with a deposit is 100 times DEG staked for the deposit

Reminder:

• Upon unstaking $DEG, veDEG drops to 0 immediately
• veDEG is non-transferable and non-tradeable

How veDEG boost your yield?
The weight function for the boosting pool is defined as:

The total $DEG emission in the pool is based on team discretion or governance voting, and is independent of the size of the pool.

Normally, to earn the maximum amount of veDEG costs 6 months’ staking. One can choose stake and lock $DEG for 12 months, and get the maximum amount of veDEG immediately.

About Degis

Degis is the next-generation DeFi protection protocol bridging the physical and digital world. Degis leverages blockchain technology to solve the two key problems in the traditional insurance market, which are excessive operation cost and non-transparent claims.