The concept of the DEGO decentralized finance

royalaim (25)in #dego • 4 years ago

Introduction

Since the inception of cryptocurrency, the wholesome power over funds by investors has been established. It offered a decentralized marketplace for users to manage, transact and control their funds without the interference of centralized authorities. However, with newer systems being pioneered and the pressure to gain full acceptance, the extent of decentralization is been lessened in recently developed platforms. Notably, many DeFi system have been developed to serve as a gateway between crypto and fiat but having a fully decentralized marketplace has become far-fetched.

DEGO and DeFi

DEGO is a DeFi that provides a fully decentralized marketplace with numerous opportunities for investors. It likens it operations to a LEGO brick. The insignificant bits of brick making a gigantic aesthetic structure. DEGO envisions to create a unified platform that connects several digital currencies and their financial opportunities via a singular interface. This includes online wallets, platform governance and available token auctions.

In the current cryptocurrency space, there are several projects that lack the mode of operation to attain sustainability, thus making investors skeptical about investing in decentralized finance. DEGO will attempt to change this by creating a brand new and sustainable DeFi product that will eliminate all fears and encourage investors to participate.

Through DEGO, crypto holders will not have to miss any investment opportunity. The system offers a one-click feature to catch various investment opportunities. It notifies its user community of investment opportunities across the crypto space. DEGO token holders do not have to hold multiple tokens as DEGO allows them to invest through its platform.

Credit

How will DEGO operate the LEGO model

DEGO operates using a chain of modules. The chain describes the combination of the available features of the product to develop a system with defined functionalities. The modules have various functions as a subsystem; however, they are put together to create a new system with topnotch performance.

DEGO DeFi is developed with individual features that make up a module. A combination of these modules gives a new product (The LEGO model).

An effective combination of these modules by the system produces a new diversified investment portfolio that guarantees substantial financial returns for users.

The decentralized finance project of DEGO will allow its user base to invest evenly across various platforms. Thereby, eliminating the effect of crypto whales on a single platform.

Credit

Conclusion

The crypto space has been yarning for a platform like the DEGO project. A platform that serves as an all-in-one platform for investors. DEGO will eradicate the instances of token scam as only credible offers and product are made available on the platform. More so, a secured decentralized finance system is a cue for participants to feel safe and investors more.

Another highlight of the system is the modular approach that produces a variety of profitable financial schemes. Investors do not have to worry about market speculations typical of the decentralized market as the system provides this information. Only the best offers are presented, hence, profit is guaranteed.

Please go through Coinmarketcap Analysis to get all the necessary requirements. Check below this.

Credit