Amidst FOMO, DEGO Finance Launches a New Way to Trade DeFi Assets

Decentralized Finance (DeFi) assets are those cryptocurrency tokens and digital assets that are created to fill the gaps created by traditional digital assets. In the spirit of fostering decentralization and opening up more opportunities, DEGO Finance has created a new ecosystem where DeFi assets can be traded with ease.

The new wave of decentralization that is about to hit the DeFi industry is the type that will open up more opportunities. Investors that had hitherto had feet of clay will now see more reasons to adopt DeFi assets while existing investors will leverage the various opportunities in the broader DEGO Finance ecosystem to trade DeFi assets with ease.
It is on that note that I welcome you to the review of DEGO Finance, which is a dedicated protocol for simplified Decentralized Finance (DeFi) assets transactions.

Current DeFi Market
Without mincing words, the current Decentralized Finance (DeFi) industry is characterized by many investors that are willing to make their inputs towards the success of the DeFi industry.
However, full-scale decentralization is still far away from the current DeFi industry because of the activities of cryptocurrency whales that tend to manipulate the industry to their advantage.
More so, you will find it harder to be a part of the governance team in the current DeFi industry owing to the fragmented and centralized governance system that allows a few DeFi traders to call the shots.

The DEGO Finance DeFi Platform
Amid the burgeoning Fear of Missing Out (FOMO) trends in the cryptocurrency market, you don’t want to make the mistake of backing the wrong horse.
FOMO will always be a part of the cryptocurrency industry in general and the DeFi industry in particular because traders want to be on the gaining side at all times. It played out on Sushiswap, Curve (CRV) and the Y Family DeFi assets comprising YFI, YFF and YFE.
As expected, the market started pumping to an All-Time High (ATH) and as the excitement grew, more cryptocurrency whales pulled out of the market thereby causing a massive dump and weeks of red candlesticks in the DeFi market.

That may not play out on the DEGO Finance DeFi ecosystem and even if it should, it wouldn’t be as massive as what we have had in the past. DEGO Finance has dedicated mechanisms that ensure unnecessary market pumps and dumps isn't the case.

1. Attenuation Mechanism
   Most cryptocurrency investors have been sold on the idea that capitalism only thrives in real-world financial systems. But, that isn’t always true because there are capitalist tendencies even in the decentralized payment systems.
   Judging from the inordinate activities of cryptocurrency whales, it is obvious that these financially-buoyant investors are still controlling the system to some extent.
   However, that is bound to be a thing of the past because of DEGO Finance delegates what it calls the Attenuation Mechanism. This mechanism is a dedicated capital monopoly controlling mechanism that prevents DeFi investors, especially the whales from buying more assets than they should.
   You would agree that the uniformity of DeFi investments will place everyone on the same radar and thereby, forestalling any tendencies by some financially-buoyant investors to pump and dump DeFi assets at will.
   The concept of the Attenuation Mechanism specifies that when mining DeFi assets, especially the DEGO Tokens, none of the investors cum miners will be allowed to mine above a specific value.
   Also, if the amount of funds invested exceeds a certain threshold, the Attenuation Mechanism will automatically reduce the excess of mining revenue generated.

1. Community Voting
   DEGO Finance also wants to decentralize the voting and governance model of the system by allowing the investors cum users to be a part of the decision-making processes.
   After the project has been fully developed, the DEGO Finance team will immediately hand over the command centre of the platform to the DEGO community.
   The constitution of the DEGO Decentralized Autonomous Organization (DAO) makes it simpler for the members of the community to initiate projects, pass votes for or against projects, as well as playing important roles in the formulation of the broader DEGO Finance ecosystem.

2. Algorithmic Adjustments
   The campaign for a fully decentralized DeFi industry may not make much impact if the current model for farming crypto tokens is left in place.
   Currently, cryptocurrency whales are steadily raking in profits because they are advantageously positioned to earn more liquidity rewards for the liquidity they supplied to Decentralized Exchanges (DEXs) via their transactions.

That wouldn’t be the case in the broader DEGO Finance DeFi ecosystem where every DeFi investor is empowered by the algorithmic adjustment of yield farming techniques to make more money as other investors do.

Conclusion
Decentralized Finance (DeFi) is an innovative aspect of the broader cryptocurrency industry. Its thriving depends on the innovative features.
The DEGO Finance platform has some viable contributions to make (via the innovative features) to make DeFi trades accommodative for every investor.

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