Degis collaboration with Trader Joe into their cross-generational Protocol Protection solution to deliver game-changing insurance coverage. The agreement should safeguard Trader Joe users from on-chain dangers and make crypto safer.

How does Protocol Protection work?

Protocol Protection, the next-generation protection solution, covers all on-chain threats. Degis protects users against smart contract hacks, cross-chain bridge thefts, and rug pulls.

“Protection Pool + Priority Pool” Design

There are two Degis Protocol Protection Pools: the Protection Pool and the Priority Pool. The Protection Pool is a pool that protects all insured procedures on the Degis platform. There are separate priority pools for each insured procedure under Protection Pool (i.e. Priority Pool A is the specific insurance pool for Protocol A).

The “Protection Pool + Priority Pool” architecture allows underwriters to deposit their monies into the protection pool and underwrite any protocols guaranteed by Degis protocol. As a consequence, underwriters may generate premium revenue from all platform protocols, improving capital usage.

For Trader Joe, underwriters may stake Protection Pool LP tokens into the Trader Joe Priority Pool and earn additional premium income.

Degis’ “Protection Pool + Priority Pool” enables customers to underwrite numerous projects at once, improving fund use and underwriter benefits.

Community vote will determine the insured protocol’s base premium on Degis. All veDEG holders determine Trader Joe’s initial base premium, which is the first 7 days’ annualized premium. After 7 days, the market will set the premium. Each protocol Priority Pool’s Protection Pool LP tokens may also affect pricing.

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.

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About Trader JOE

SOURCE:

https://degis.medium.com/degis-will-offer-protection-for-trader-joe-via-protocol-protection-dc1a8c0d8c7a

The post Degis Protocol Protection for Trader Joe appeared first on Smart Liquidity Research.

Holders of $JOE may purchase, trade, and produce protection tokens, and they will get payment if the price of $JOE falls. It is a tool for $JOE holders to get extra protection against price volatility.

At this time, all holders of $AVAX, $XAVA, and $JOE have protection. Additional tokens inside the Avalanche ecosystem will have their prices safeguarded and incorporated into the Naughty price protection mechanism. Degis will make every effort to protect the crypto world.

About Naughty Price Protection

Naughty Price Protection is Degis’ next-generation token price protection. Each token in Naughty Price Protection represents a protection. The pool stops if the insured token price falls below the trigger price. First Matching sets an equitable beginning protection token price, and Protect to Profit lets users profit throughout protection. Naughty Price will protect your money from market hazards.

SOURCE

https://degis.medium.com/degis-will-protect-joe-in-naughty-price-protection-f07d248b4135

The post JOE on Naughty Price Protection appeared first on Smart Liquidity Research.