# Weekly Summary (May 8th)

By [Project_Degis](https://paragraph.com/@project-degis) · 2023-05-09

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Hi Degison! Hope you’re having a great week.

Come and check our weekly progress summary to stay tuned! After reading the summary, you can take a questionnaire, and we will select Degisons to win a 600$DEG rewards in total!

Starting from next week, we will change the weekly summary to monthly summary, but we will post quizzes every week for you to win some rewards!

**Highlight of this week**

Degis was a sponsor for the AVAX summit, which took place from May 3rd to May 5th. The summit featured speakers from various DeFi projects and provided a platform to discuss the latest trends and developments in the DeFi space.

Degis also started a collaboration with Avalabs, which aims to bring more liquidity to the Avalanche ecosystem and enhance the user experience for Degis users.

**Other Progress**

· Tokenomics Update

We announced our Degis V2 and a Tokenomics update that will help lower inflation of $DEG and incentivize underwriting. Check out our [Mirror.xyz](http://mirror.xyz/) account ([https://mirror.xyz/0xD52e1ED5D4D6D8C3DEeB00BC5B0A187664B2c243/579tVAlK1o83yiBhZSW8GRXxdqgT32KekKZG9InUaMA](https://mirror.xyz/0xD52e1ED5D4D6D8C3DEeB00BC5B0A187664B2c243/579tVAlK1o83yiBhZSW8GRXxdqgT32KekKZG9InUaMA)) for more details.

· [Mirror.xyz](http://mirror.xyz/) Account

We switched to [Mirror.xyz](http://mirror.xyz/) to keep you informed on our journey and share some love with a Dapp. Follow our new account for all the latest DeFi news and Degis updates.

**What we're doing now**

Development Team

· Degis is currently finalizing the integration of Yield Yak and WooFi, two leading DeFi platforms, which will provide users with greater access to decentralized liquidity. · Degis is also working on updates to its tokenomics, including the introduction of PRO-LP staking and a $20,000 USDC liquidity pool.

Marketing Team · Degis is actively seeking new partnerships to strengthen its position in the DeFi space. The team is also working on marketing campaigns to promote Degis products and attract new users. · Bitget will soon list $DEG, which will provide greater exposure for Degis to the wider crypto community.

**What to Expect Next Week**

· Degis has a huge announcement on May 11th. This will enable Degis users to access new opportunities and optimize their DeFi strategies. · The team is also working on finding ways to innnovate in the Avalanche network, which will bring new DeFi tools and features to the ecosystem.

**Take the quiz and win rewards**

[https://docs.google.com/forms/d/e/1FAIpQLSd8m2ZXsunaYPKahRCcGu2UUc0r50yhZAfq\_CfGMi3NHPBZWw/viewform?usp=pp\_url](https://docs.google.com/forms/d/e/1FAIpQLSd8m2ZXsunaYPKahRCcGu2UUc0r50yhZAfq_CfGMi3NHPBZWw/viewform?usp=pp_url)

Winner of last week: @Ezdysk @cloods KishoreSatpute#4818 Telegram: @DPraiser discord:ahmetgumustekin#8504/tg:@ahmetgumustekin @ips99006 racancyr56#5549 sadi bey#0146 韭皇#4313Nyeni#1732 Congratulations! The rewards will be distributed soon

**Degis official links** Twitter: [https://twitter.com/ProjectDegis](https://twitter.com/ProjectDegis)

Instagram: [https://instagram.com/project\_degis?igshid=YmMyMTA2M2Y=](https://instagram.com/project_degis?igshid=YmMyMTA2M2Y=)

Telegram Announcements Channel: [https://t.me/ProjectDegisAnnouncements](https://t.me/ProjectDegisAnnouncements)

Telegram Chat Group: [https://t.me/ProjectDegis](https://t.me/ProjectDegis)

Discord: [https://discord.gg/zGP5aWHYFZ](https://discord.gg/zGP5aWHYFZ)

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*Originally published on [Project_Degis](https://paragraph.com/@project-degis/weekly-summary-may-8th)*