DEGO Finance; Bringing about change to the DeFi space

The use of cryptocurrency has shown a great promise as to making money and payment to be universally accessible anywhere, and anytime in the world to anyone.
These days, there is a very high demand for Decentralized Finance (DeFi) as it has spiked the interest of numerous investors and key players due to the fact that its becoming an alternative to most of our traditional financial services such as savings, trading, insurance, loans and much more.
This innovation has shown a great promise to be one of the biggest to have occurred in the crypto world but it has a lot of limitations. This is where the project DEGO comes into action.

Introducing DEGO

DEGO is just like LEGO in the DeFi world in the sense that it builds blocks in the DeFi space. It brings about a fully decentralized marketplace with a lot of opportunities for investors. As such, it's users will be able to perform numerous transactions such as lending, borrowing, trading, mining as well as earning collectibles. This was made possible by its modular combination design where numerous products with different functionality are being integrated together to form a subsystem that has specific functions.
With DEGO, it will ensure that crypto investors won't have to miss any investment opportunities bringing about an edge over other similar platforms with its major principles which are TRUST, TRANSPARENCY, SECURITY, FAIRNESS AS well as a DECENTRALIZED GOVERNANCE.

FEATURES OF DEGO

1. Staking

This is where users will be able to take part in Liquidity Mining and they get DEGO rewards by supplying their liquidity pool tokens. It differs from other similar platforms in the sense that everyone is being treated fairly with a special and adjust liquidity mining

Daily output per user = daily output of the mining pool * POWER / total POWER

POWER = staked LP token amount * coefficient of correspondence

2. DEGO DAO

The platform gives it's token holders the ability to participate in its voting processes. The DEGO team has a multi-sig wallet where these governance wallets is at first by the DEGO founding team. But as the time goes by, these multi-sig wallets will become decentralized and will be handed over to community governance. This is very important as it will allow its community to have a say in the development of the platform and ensure the best interest of both the community and the developers.

3. DEGO NFT

NFT, which also means Non Fungible tokens, are a special type of token which is under the ERC-721 and they are very unique and non mutually interchangeable. They are used in the gaming industry, art, collectible transactions and many others. Dego NFT is an expedition into GameFi and users can mint this NFT with any number of Dego and the type of NFT given is randomized. The NFT gotten can be traded and auctioned on opensea https://opensea.io/assets/gego-dego

4. Dividends

When a user transfers DEGO, the trading fees are being allocated and divided in such a a way that all DEGO holders earn dividends.
The calculation is as follows: 5% of the total trading fees will be divided into two: The 2.5% will be used to buyback DEGO tokens and those tokens will be burned while the other 2.5% will be given as dividends to its token holders.

Other features are currently in the process of development and they include;

DEGO Chain
DEGO Swap
DEGO Lending and Insurance
And many more.

Final Thoughts on DEGO

With the sudden rise of Decentralized Finance as well as associated DeFi projects, most of these projects offer products and services that don't favor it's users. But Dego is here to change that with its core focus on Transparency, Trust, Security, as well as a Decentralized Governance. This will make DEGO to be a very unique and promising project in the Defi space