Project_Degis

Degis is deployed on Arbitrum now

project-degis@newsletter.paragraph.com (Project_Degis) — Mon, 26 Jun 2023 13:38:03 GMT

We are excited to announce that Degis is deployed on Arbitrum now! By deploying Degis on Arbitrum, Degis can take advantage of the scalability benefits of Arbitrum, improving transaction speed and reducing gas fees for its users. This could make the use of the Degis protocol more attractive to a wider range of users, potentially leading to an increase in adoption. Furthermore, it showcases the compatibility of Degis with Layer 2 solutions, which is crucial as the Ethereum ecosystem continues to evolve and scale.

Now we provide protection for Trader Joe, GMX, Wombat, Gains, Lido, and Arb. We will also collaborate with more protocols in the future. By providing protection for these platforms, Degis is contributing to the overall security and robustness of the DeFi ecosystem. With insurance coverage, users may feel more confident in interacting with these platforms, which could potentially lead to increased adoption of DeFi. On the other hand, it also highlights the value of decentralized insurance in today's rapidly evolving digital asset landscape, where new protocols are constantly being developed and the associated risks are continuously evolving.

Following our Arbitrum support, you can now bridge $DEG tokens seamlessly between Avalanche and Arbitrum on our website degis.io/bridge. With that, soon you will be able to take advantage of Income Sharing on Arbitrum and trade $DEG on a soon-to-be-announced DEX! So keep an eye open for those announcements.

How does Protocol Protection work?

Protocol Protection is the next-generation protection product that offers exhaustive protection for all kinds of on-chain risks. It covers most risks that may appear in the decentralized world, and the innovative mechanism covers some blind spots in the current De-Fi insurance market.

Protection Pool+Priority Pool Double Protection Design

The protection pool is the storage pool of protocol protection funds, this pool will pay all compensations. Users can stake the shield into the protection pool to become the underwriter of all insured projects on the Degis platform. After staking, they will receive protection Pool LP tokens.

Each project has a corresponding Priority Pool, which will be used as compensation first after a claim event occurs in this project. Underwriters can further stake the protection pool LP token to the priority pool and enjoy extra mining rewards generated by each priority pool. But this also means that the user needs to bear higher risks for this project, because when this specific protocol has a claim event, the liquidity providers who stake protection pool LP tokens in the priority pool of this protocol will lose their staked protection pool LP tokens and the shield corresponding to the protection pool LP token in the priority pool will be used for compensation first.

Degis Official Links

Twitter: https://twitter.com/ProjectDegis

Instagram: https://instagram.com/project_degis?igshid=YmMyMTA2M2Y=

Telegram Announcements Channel: https://t.me/ProjectDegisAnnouncements

Telegram Chat Group: https://t.me/ProjectDegis

Discord: https://discord.gg/zGP5aWHYFZ

Degis will offer protection for Gains via Protocol Protection on Arbitrum

project-degis@newsletter.paragraph.com (Project_Degis) — Sat, 10 Jun 2023 07:57:54 GMT

Degis is excited to announce that we will offer protection for Gains via Protocol Protection on Arbitrum, which promises to revolutionize insurance coverage in the Web3 space. This partnership seeks to fortify the defenses of on-chain users against a myriad of possible vulnerabilities and challenges, thus ensuring a more secure decentralized experience. Our collective ambition is to mitigate the threats users face in the cryptoverse, providing a safer environment for all participants, irrespective of their blockchain experience or exposure level.

How does Protocol Protection work?

Protection Pool+Priority Pool Double Protection Design

About Gains

Wombat Exchange is a multi-chain stableswap built natively on the BNB Chain. Wombat adopts the concepts of asset-liability management and coverage ratio, enabling various stablecoins to be swapped at minimal slippage and the ability to single-stake stablecoins for sustainable yield.
Learn more about Gains:

Gains Network is developing gTrade, a liquidity-efficient, powerful, and user-friendly decentralized leveraged trading platform.

About Degis

Degis is the next-generation all-in-one protection protocol, the first on Avalanche. Degis will offer exhaustive protection to users and traders, offer a decentralized protection market and ultimately bring scalable risk management to the crypto world. Learn more about Degis: https://degis.io

Degis Official Links

Twitter: https://twitter.com/ProjectDegis

Instagram: https://instagram.com/project_degis?igshid=YmMyMTA2M2Y=

Telegram Announcements Channel: https://t.me/ProjectDegisAnnouncements

Telegram Chat Group: https://t.me/ProjectDegis

Discord: https://discord.gg/zGP5aWHYFZ

Degis will offer protection for Wombat via Protocol Protection on Arbitrum

project-degis@newsletter.paragraph.com (Project_Degis) — Sat, 10 Jun 2023 07:47:12 GMT

Degis is excited to announce that we will offer protection for Wombat via Protocol Protection on Arbitrum, which promises to revolutionize insurance coverage in the Web3 space. This partnership seeks to fortify the defenses of on-chain users against a myriad of possible vulnerabilities and challenges, thus ensuring a more secure decentralized experience. Our collective ambition is to mitigate the threats users face in the cryptoverse, providing a safer environment for all participants, irrespective of their blockchain experience or exposure level.

How does Protocol Protection work?

Protection Pool+Priority Pool Double Protection Design

About Wombat

https://www.wombat.exchange/

About Degis

Degis Official Links

Twitter: https://twitter.com/ProjectDegis

Instagram: https://instagram.com/project_degis?igshid=YmMyMTA2M2Y=

Telegram Announcements Channel: https://t.me/ProjectDegisAnnouncements

Telegram Chat Group: https://t.me/ProjectDegis

Discord: https://discord.gg/zGP5aWHYFZ

Degis will Protect Glacier via Options Market

project-degis@newsletter.paragraph.com (Project_Degis) — Tue, 06 Jun 2023 00:46:28 GMT

We are thrilled to announce a groundbreaking initiative to safeguard Glacier through the power of the Options Market! Degis' Options Market is a groundbreaking decentralized platform that enables users to buy and sell options on a range of cryptocurrency assets. By integrating Glacier into our ecosystem, we're providing users with a simple and seamless method to trade options on the $GLCR token price and effectively hedge their positions.

At present, our offerings are focused on 15-day binary put options. This means that users will have a 15-day trading window for their options, which are designed to mitigate downside risk. This is not only a significant step forward in the protection and management of cryptocurrency investments but also an exciting new frontier for options trading.

With this integration, we're setting the stage for a more secure and dynamic trading environment. Join us as we pave the way to the future of cryptocurrency options trading.

About Glacier

Glacier was built with the mechanisms developed and shown through Solidly built by Andre Cronje. It uses unique incentive structures to capture deep liquidity, while offering a sought after emission token and the cheapest fees on the chain. Learn more about Glacier:

https://www.glacier.exchange/home

About Degis Degis is the next-generation all-in-one protection protocol, the first on Avalanche. We offer exhaustive protection to users and traders, offer a decentralized protection market and will ultimately bring scalable risk management to the crypto world. We’re currently protecting token prices and protocols now, and more amazing features and functions will be developed in the future. Learn more about Degis: https://degis.io

Degis Official Links

Twitter: https://twitter.com/ProjectDegis

Instagram: https://instagram.com/project_degis?igshid=YmMyMTA2M2Y=

Telegram Announcements Channel: https://t.me/ProjectDegisAnnouncements

Telegram Chat Group: https://t.me/ProjectDegis

Discord: https://discord.gg/zGP5aWHYFZ

Degis will offer protection for GMX via Protocol Protection on Arbitrum

project-degis@newsletter.paragraph.com (Project_Degis) — Sun, 04 Jun 2023 07:06:19 GMT

Degis is excited to announce that we will offer protection for GXM via Protocol Protection on Arbitrum, which promises to revolutionize insurance coverage in the Web3 space. This partnership seeks to fortify the defenses of on-chain users against a myriad of possible vulnerabilities and challenges, thus ensuring a more secure decentralized experience. Our collective ambition is to mitigate the threats users face in the cryptoverse, providing a safer environment for all participants, irrespective of their blockchain experience or exposure level.

How does Protocol Protection work?

Protection Pool+Priority Pool Double Protection Design

About GMX

GMX is a leading decentralized exchange for perpetual futures and swaps, available on the Arbitrum and Avalanche blockchains. The protocol allows traders to long or short BTC, ETH, AVAX and other top cryptocurrencies with up to 30x leverage directly from their own wallet. Learn more about GMX: https://gmx.io/#/

About Degis

Degis Official Links

Twitter: https://twitter.com/ProjectDegis

Instagram: https://instagram.com/project_degis?igshid=YmMyMTA2M2Y=

Telegram Announcements Channel: https://t.me/ProjectDegisAnnouncements

Telegram Chat Group: https://t.me/ProjectDegis

Discord: https://discord.gg/zGP5aWHYFZ

Degis Monthly Summary (May 2023)

project-degis@newsletter.paragraph.com (Project_Degis) — Thu, 01 Jun 2023 10:13:18 GMT

Hi Degison! Hope you’re having a great month

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

Highlight of this month

Degis made its entry into the Ethereum ecosystem through a deployment to Arbitrum One! The groundbreaking insurance protocol, Degis, has made its illustrious debut within the Ethereum ecosystem via its deployment to Arbitrum One, a Layer 2 (L2) scaling solution. Our decision to launch on Arbitrum One not only amplifies Degis's remarkable capabilities, but also guarantees swift transaction speeds and minimal fees, upholding the high standards our users have come to expect. Degis x Arbitrum Announcement Arbitrum Testnet Campaign Annoucement Arbitrum Public Testnet Campaign Announcement

Other Progress

· External AMA with Bitget We recently conducted an engaging Ask-Me-Anything (AMA) session in collaboration with Bitget. This provided a platform for us to discuss our synergistic collaboration and articulate our shared vision for the future.

· Collaboration We are committed to providing robust protection for Trader Joe via our Protocol Protection on Arbitrum. Similarly, we will extend this guarantee of security to Yield Yak, safeguarding it through our reliable Protocol Protection services. Degis will offer protection for Yield Yak via Protocol Protection Degis will offer protection for Trader Joe via Protocol Protection on Arbitrum

What We Will Do Next Month

· Collaboration Degis is determined to forge fresh alliances, with the strategic goal of bolstering its standing within the decentralized finance (DeFi) landscape. This proactive approach underlines our commitment to growth and innovation within this exciting sphere.

· Degis Painting Campaign Degis is set to host a captivating art campaign this June. While we'll share the full details soon, we encourage you to prepare to showcase your creative prowess and stand a chance to earn some enticing rewards. It's not just an opportunity to display your talent but also a chance to reap some worthwhile benefits!

· Hack report Commencing from next month, Degis is committed to sharing insightful hack reports, offering users a valuable tool to navigate the market landscape and heighten their awareness of potential risks. Our initiative aims to empower users with the knowledge needed to make informed decisions and adopt a proactive approach towards risk management.

Monthly Quiz

The Monthly Quiz will be posted next week. Stay tuned!

Monthly Quiz Winner

DareDevil#7609 Sergio_M#9936 MeiuDhoni#8414 Phoenix_Studioz#9140 @KishoreSatpute#4818

Congratulations! The rewards will be distributed as soon as possible

Degis official links

Twitter: https://twitter.com/ProjectDegis

Instagram: https://instagram.com/project_degis?igshid=YmMyMTA2M2Y=

Telegram Announcements Channel: https://t.me/ProjectDegisAnnouncements

Telegram Chat Group: https://t.me/ProjectDegis

Discord: https://discord.gg/zGP5aWHYFZ

Degis will offer protection for Trader Joe via Protocol Protection on Arbitrum

project-degis@newsletter.paragraph.com (Project_Degis) — Mon, 29 May 2023 08:46:55 GMT

Degis is excited to announce that we will offer protection for Trader Joe via Protocol Protection on Arbitrum, which promises to revolutionize insurance coverage in the Web3 space. This partnership seeks to fortify the defenses of on-chain users against a myriad of possible vulnerabilities and challenges, thus ensuring a more secure decentralized experience. Our collective ambition is to mitigate the threats users face in the cryptoverse, providing a safer environment for all participants, irrespective of their blockchain experience or exposure level.

How does Protocol Protection work?

Protection Pool+Priority Pool Double Protection Design

About Trader Joe

Trader Joe is a one-stop decentralized trading platform on the Avalanche network. Since its launch, the platform has attracted over $1.5bn in assets and has gained backing from some of the most widely recognized investors in the industry. Learn more about Trader Joe: https://traderjoexyz.com/home#/

About Degis

Degis Official Links

Twitter: https://twitter.com/ProjectDegis

Instagram: https://instagram.com/project_degis?igshid=YmMyMTA2M2Y=

Telegram Announcements Channel: https://t.me/ProjectDegisAnnouncements

Telegram Chat Group: https://t.me/ProjectDegis

Discord: https://discord.gg/zGP5aWHYFZ

Degis will offer protection for Yield Yak via Protocol Protection

project-degis@newsletter.paragraph.com (Project_Degis) — Mon, 29 May 2023 08:23:25 GMT

Degis is excited to announce a new collaboration with Yield Yak! Degis will offer game-changing insurance coverage to all users by integrating Yield Yak into our cross-generational Protocol Protection product. We hope the collaboration can protect on-chain users from all kinds of potential risks and problems and provide them with a safer Web3 environment.

How does Protocol Protection work?

Protection Pool+Priority Pool Double Protection Design

About Yield Yak

Yield Yak auto-compounds farming rewards to help you earn more from your deposited assets. Some of the most popular auto-compounding pools include USDC and USDT stablecoin pools, native Avalanche tokens, and boosted farms on Trader Joe. Learn more about Yield Yak:

https://yieldyak.com/

** About Degis**

**Degis Official Links **Twitter: https://twitter.com/ProjectDegis

Instagram: https://instagram.com/project_degis?igshid=YmMyMTA2M2Y=

Telegram Announcements Channel: https://t.me/ProjectDegisAnnouncements

Telegram Chat Group: https://t.me/ProjectDegis

Discord: https://discord.gg/zGP5aWHYFZ

Arbitrum Public Testnet Campaign Announcement

project-degis@newsletter.paragraph.com (Project_Degis) — Wed, 24 May 2023 13:31:58 GMT

The Protocol Protection for Arbitrum Public Testnet Campaign lives now!

In this article, we will release the detailed schedule, and go through every step of each task to ensure participants can have a smooth user experience, therefore generating more fantastic feedback.

Link

https://testnet.degis.io/dashboard

Timeline

**Detailed steps May 25: **Claim MockDEG, GoerliETH and MockUSDC! Team will start Project1 onboarding voting process. It will end in three days with a majority vote in favor! So make sure to vote in favor. Also, make sure to not spend all your veDEG! Always save up a little bit.

May 28: Team will end the voting process to include Project1. You will now be able to provide liquidity to Protection Pool and buy protection for Project1, stake provided liquidity to Priority Pools, claim staked veDEG from vote, and stake DEG to income sharing. You will now also be able to vote for Project2 inclusion.

June 1: Team will end the voting process to include Project2. You will now be able to provide liquidity and buy protection for Project2. Team will start an incident report for Project1, meaning that it lost funds due to one of the situations where insurance is applicable. This is a true positive! So make sure to vote for it to pass. You will now also be able to vote for Project3 inclusion.

June 6: Team will end the voting process to include Project3. You will now be able to provide liquidity and buy protection for Project3. Team will start an incident report for Project2, but funds were not lost, we do not cove it or funds were returned. This is a false positive! So make sure to vote for it to not pass! You will now also be able to vote for Project4 inclusion.

June 11: Team will end the voting process to include Project4. You will now be able to provide liquidity and buy protection for Project4. Team will start an incident report for Project3, but funds were not lost, we do not cove it or funds were returned. This is a false positive! So make sure to vote for it to not pass! If you have provided liquidity and staked to priority pools, make sure to claim your staking rewards from Protection Pools and Priority Pools if they are available! You will also be able to claim yield in USDC from Income Sharing if you staked veDEG to it!

That should be it! At this point you will have a good understand of the protocol and its power! The more unique actions you took during the campaign, the more you will potentially earn from our $DEG airdrop!

Technical process

Onboard Proposal 1. Put forward the proposal to enter PENDING_PERIOD with no fixed duration 2. Admin will open voting permission and enter VOTING_PERIOD for 72 hours 3. Settlement: will submit the proposal at 16:00, open voting at 18:00, and settle at 12:00 the next day. If the result is passed, execute at 14:00 Incident

Incident Report 1. Submit a report and enter CALMDOWN_PERIOD for 24 hours 2. Admin opens voting and enters VOTING_PERIOD for 72 hours 3. Will settle if the result has not changed within the last 24 hours. If the settlement is successful, the claim will open 4. If the result changes within the last 4 hours, extend the duration by EXTEND_PERIOD for 24 hours 5. After extending up to 2 times, it will be settled according to the final result 6. Sums up to 120 Hours (5 days) per incident report: At 16:00, submit a report and start voting at 18:00. Try to settle at 16:00 in three days. It may be extended to the next day. If the voting result is passed, it is expected to be executed at 16:00.

Claim Period Will open after the report is passed. It won't close during the testnet period.

How does Protocol Protection work?

Protection Pool+Priority Pool Double Protection design

The protection pool is the storage pool of protocol protection funds, this pool will pay all compensations. Users can stake the USDC into the protection pool to become the underwriter of all insured projects on the Degis platform. After staking, they will receive protection Pool LP tokens.

Each project has a corresponding Priority Pool, which will be used as compensation first after a claim event occurs in this project. Underwriters can further stake the protection pool LP token to the priority pool and enjoy extra mining rewards generated by each priority pool. But this also means that the user needs to bear higher risks for this project, because when this specific protocol has a claim event, the liquidity providers who stake protection pool LP tokens in the priority pool of this protocol will lose their staked protection pool LP tokens and the USDC corresponding to the protection pool LP token in the priority pool will be used for compensation first.

Initial Annualized Premium&Maximum Coverage Ratio

veDEG holders can propose and vote on whether Degis platform will cover a protocol and its Base Annualized Premium as well as Maximum Coverage Ratio. If over 50% veDEG votes in favor, Degis will provide Protocol Protection to that protocol with the initial Annualized Premium and Maximum Coverage Ratio.

Initial Annualized Premium

Represents the base premium amount required to purchase protection for a project. For example, the initial annualized premium for protocol A protection is 3%, if someone wants to buy one year of protection for protocol A with a cover amount of 1M, he has to pay 1M*3% = 30K

Maximum Coverage Ratio (Quota)

Maximum Coverage determines how much coverage the platform can provide. For example, suppose the total TVL of the Degis protocol protection is 100M (i.e. There is 100M USDC inside the protection pool), and the Maximum coverage ratio for protocol A is 20%. In that case, our platform provides up to 20M protection coverage for this protocol.

Degis Official Links

Twitter: https://twitter.com/ProjectDegis

Instagram: https://instagram.com/project_degis?igshid=YmMyMTA2M2Y=

Telegram Announcements Channel: https://t.me/ProjectDegisAnnouncements

Telegram Chat Group: https://t.me/ProjectDegis

Discord: https://discord.gg/zGP5aWHYFZ

Arbitrum Testnet Campaign Annoucement

project-degis@newsletter.paragraph.com (Project_Degis) — Fri, 19 May 2023 23:51:47 GMT

📢 On the 24th of May participate in our Exclusive Arbitrum Testnet Campaign!

🌐 Join our highly anticipated testnet campaign on Arbitrum and dive into the exciting world of Protocol Protection! This is your chance to explore the numerous benefits of our protocol and gain valuable insights into how it works.

💡 Discover the Power of Protocol Protection: Our cutting-edge protocol offers robust security measures and ensures the integrity of transactions. By participating in the testnet campaign, you'll gain a deep understanding of how Protocol Protection safeguards the ecosystem.

💰 Earn Rewards for Your Participation: As a token of our appreciation, we will give away 30k DEG for active participants in the testnet campaign. Take advantage of this opportunity to earn valuable tokens while contributing to the development and refinement of our protocol.

📋 Stay Informed: A comprehensive guide detailing the requirements and steps to participate in the testnet campaign will be released soon. Stay tuned to our official channels for updates and ensure you have all the necessary information to get started.

🔍 Unlock New Insights: By participating in the testnet campaign, you'll gain firsthand knowledge of the inner workings of our protocol. Explore its unique features, experiment with different scenarios, and unlock valuable insights that will shape the future of Protocol Protection.

🌟 Learn and Grow: Whether you're an experienced blockchain enthusiast or new to the space, this testnet campaign provides a risk-free environment to expand your knowledge. Understand the intricacies of Protocol Protection and become a part of the innovative ecosystem.

📅 Save the Date: The 24th of May is the date where our testnet campaign on Arbitrum will be launching. Mark your calendars and be ready to embark on this exciting journey of exploration and discovery.

🔗 Stay Connected: For the latest updates, announcements, and information regarding the testnet campaign, make sure to follow us on Twitter, join our Telegram community, and subscribe to our newsletter. Stay connected and be part of the Protocol Protection revolution!

🚀 Join our exclusive Arbitrum testnet campaign, unlock the power of Protocol Protection, and earn rewards along the way. Together, let's shape the future of secure and reliable transactions! #ProtocolProtection #TestnetCampaign #DEG

Degis Official Links

Twitter: https://twitter.com/ProjectDegis

Instagram: https://instagram.com/project_degis?igshid=YmMyMTA2M2Y=

Telegram Announcements Channel: https://t.me/ProjectDegisAnnouncements

Telegram Chat Group: https://t.me/ProjectDegis

Discord: https://discord.gg/zGP5aWHYFZ

Degis x Arbitrum Announcement

project-degis@newsletter.paragraph.com (Project_Degis) — Mon, 15 May 2023 01:44:18 GMT

We are thrilled to announce that the innovative insurance protocol, Degis, will make its entry into the Ethereum ecosystem through deployment to Arbitrum One, an L2 scaling solution in just one month's time. The release of the Options Market is still to be decided. Launching on Arbitrum One allows us to showcase the product's capabilities while ensuring the same fast transaction speeds and low fees that our users expect.

To facilitate going multichain, we have partnered with LayerZero to turn $DEG into a bridgeable asset. This will ensure our users are able to utilize $DEG to govern, yield and trade on Arbitrum One.

To engage with our users, we'll be launching a testnet campaign that rewards them with 30k DEG. Once we go live on Arbitrum One, there will be a galxe campaign offering an additional 20k DEG to users who help us bootstrap our protocol on Arbitrum! The details will be announced soon so keep a close eye!

At Degis, we're committed to expanding our footprint by deploying in isolation to different ecosystems, including native solutions. Our approach allows us to offer our users a more comprehensive and robust experience while ensuring seamless integration with the ecosystem.

We're also excited to share that we'll be partnering with several other protocols soon, which will broaden the capabilities and use cases of our insurance protocol. Stay tuned for more updates on these exciting partnerships in the coming weeks.

About The Arbitrum Foundation

The Arbitrum Foundation, founded in March 2023, supports and grows the Arbitrum network and its community with secure scaling solutions for Ethereum. The Foundation oversees the $ARB token and governance structure as well as the Arbitrum Security Council, a 12-member multisig of well regarded community members designed to ensure the security of the chains.

Learn more about Arbitrum: https://arbitrum.io/

About Degis

Degis is the next-generation all-in-one protection protocol, the first on Avalanche. We offer extensive protection to users and traders, offer a decentralized protection market and will ultimately bring scalable risk management to the crypto world. We’re currently protecting token prices and protocols now, and more amazing features and functions will be developed in the future.

Learn more about Degis: https://degis.io

Degis Official Links

Twitter: https://twitter.com/ProjectDegis

Instagram: https://instagram.com/project_degis?igshid=YmMyMTA2M2Y=

Telegram Announcements Channel: https://t.me/ProjectDegisAnnouncements

Telegram Chat Group: https://t.me/ProjectDegis

Discord: https://discord.gg/zGP5aWHYFZ

Weekly Summary (May 8th)

project-degis@newsletter.paragraph.com (Project_Degis) — Tue, 09 May 2023 02:07:13 GMT

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 account (https://mirror.xyz/0xD52e1ED5D4D6D8C3DEeB00BC5B0A187664B2c243/579tVAlK1o83yiBhZSW8GRXxdqgT32KekKZG9InUaMA) for more details.

· Mirror.xyz Account

We switched to 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

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

Instagram: https://instagram.com/project_degis?igshid=YmMyMTA2M2Y=

Telegram Announcements Channel: https://t.me/ProjectDegisAnnouncements

Telegram Chat Group: https://t.me/ProjectDegis

Discord: https://discord.gg/zGP5aWHYFZ

Weekly Summary (May 2nd)

project-degis@newsletter.paragraph.com (Project_Degis) — Wed, 03 May 2023 01:55:29 GMT

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!

**Highlight of this week **· Uplift Twitter Space

Our BD Lead Primata spoke with other well-known DeFi OGs about security in DeFi and how Degis helps people lower their risk exposure in DeFi. · Candy Bomb Listing: We are thrilled to announce that $DEG will be listed on Candy Bomb soon! Candy Bomb is a candy airdrop platform recently launched by Bitget. Users who complete tasks and get tickets will win token airdrops. Check out their website (https://www.bitget.site/en/support/articles/12560603783017) for more information.

Other Progress

· Tokenomics Update

· Mirror.xyz Account

We switched to 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

· New Products: We are working on some exciting new products that we will be launching in the coming weeks. Stay tuned for more details!
· Website Optimization: Our team is also working to optimize our website for a more user-friendly experience.

Marketing Team
· Events: We have an AMA with Bitget planned for the 4th of May so that everyone can learn more about Degis and our products.
· Partnerships: We are constantly seeking new partnerships to make the Web3 space a safer place for everyone.
· Campaigns: We have some fun community campaigns planned for the near future, so get ready to earn some juicy rewards!

What to Expect Next Week

· Stay tuned for more exciting updates and product launches.
· We will be announcing new partnerships and collaborations in the coming weeks.

Take the quiz and win rewards

Quiz for this week:

https://docs.google.com/forms/d/e/1FAIpQLScLIYRzgwoI4h1NCIcWcHTAuJzwndJh4mMoLFVt6dqdPXfNRg/viewform?usp=pp_url

Winner of last week:

Dkach#8687 / @domkach Gc#1351 / @nastyallove @Ray_n_aldi @abd333jdr Denzyl#9407/ @Denzyl1 Kizzy#0748 @san_dy324 @ZippyBella KishoreSatpute#4818 @rfkylmz

Congratulations! The rewards will be distributed soon

Degis official links Twitter: https://twitter.com/ProjectDegis

Instagram: https://instagram.com/project_degis?igshid=YmMyMTA2M2Y=

Telegram Announcements Channel: https://t.me/ProjectDegisAnnouncements

Telegram Chat Group: https://t.me/ProjectDegis

Discord: https://discord.gg/zGP5aWHYFZ

Weekly Summary (April 24th)

project-degis@newsletter.paragraph.com (Project_Degis) — Mon, 24 Apr 2023 22:33:16 GMT

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!

Highlight of this week

· Degis Tokenomics Update

We are excited to announce that we have updated our tokenomics! The new update includes a reduction in the supply of DEG tokens and a revised staking program that offers even more rewards to our loyal Degison community. Check the update here:

https://mirror.xyz/0xD52e1ED5D4D6D8C3DEeB00BC5B0A187664B2c243/579tVAlK1o83yiBhZSW8GRXxdqgT32KekKZG9InUaMA

Other Progress

· New Mirror.xyz Account for DeFi News and Degis Updates

We are happy to announce that we have created a new Mirror.xyz account where you can find all of our DeFi news and updates in one place. Stay up-to-date on the latest happenings in the DeFi world and get the latest Degis updates by following our Mirror.xyz account.

What we're doing now

Development Team

· New Products: The development team is working hard to bring you new and exciting products in the coming weeks. Stay tuned for more details! · Website Optimization: The development team is also working to optimize our website for a more user-friendly experience.

Marketing Team · Events: We have more AMAs in multiple languages planned for the coming weeks so that everyone can learn more about Degis and our products. · Partnerships: We are constantly seeking new partnerships to make the Web3 space a safer place for everyone. · Campaigns: We have some fun community campaigns planned for the near future, so get ready to earn some juicy rewards!

What to expect next week

· More exciting updates and product launches are on the way, so stay tuned! · New partnerships and collaborations will be announced in the coming weeks.

Take the quiz and win rewards

Quiz for this week:

https://docs.google.com/forms/d/e/1FAIpQLSfPjP_PhfnB6XXlDilhXuxxzS81riYzk34SMSJ3pkV3OBG-vg/viewform?usp=pp_url

Winner of last week:

@rfkylmz Gc#1351 msd#8216/@msdborsa @Ezdysk @cloods Kizzy/0748 Dkach#8687 / @domkach @san_dy324 Damnational#3462 LXR#7231

Congratulations! The rewards will be distributed soon

Degis official links Twitter: https://twitter.com/ProjectDegis

Instagram: https://instagram.com/project_degis?igshid=YmMyMTA2M2Y=

Telegram Announcements Channel: https://t.me/ProjectDegisAnnouncements

Telegram Chat Group: https://t.me/ProjectDegis

Discord: https://discord.gg/zGP5aWHYFZ

Tokenomics Update

project-degis@newsletter.paragraph.com (Project_Degis) — Wed, 19 Apr 2023 09:10:17 GMT

Hey there fellow Degis Degens! We are bringing some changes to our tokenomics to make them healthier, more sustainable, and beneficial for you. Let's dive in and see what's new!

TLDR;

We will incentivize Protocol Underwriting by offering a significant amount of DEG incentives to PRO-LP stakers, a competing pool among Priority Pools. This move is expected to open up native token rewards and significantly improve general yield throughout the Degis Platform.
With the addition of 20k $USDC in two steps to the aggregated insurance pool, users can now buy coverage against risks and benefit from insurance. This is expected to demonstrate the advantages of being an underwriter & staker for the protocol and provide immense utility to users.
The increased liquidity in the insurance pool will allow users to buy coverage against risks, and at the same time, provide underwriters with more opportunities to earn rewards. This will create a virtuous cycle where more users participate in underwriting, which leads to more liquidity, better coverage options, and ultimately, more revenue for DEG stakers.
Incentivizing Protocol Underwriting will encourage more people to participate in underwriting, ultimately leading to improved general yield throughout Protocol Protection.
The increased liquidity in the insurance pool will benefit Income Sharing or $DEG stakers, who will be receiving protocol fees from this incentivized ecosystem.
Overall, incentivizing Protocol Underwriting and adding liquidity to the insurance pool will improve the health and growth of the Protocol Protection ecosystem.

** **

Main Tokenomics Updates

The daily $DEG staking emission will be reduced to 1000, a 60% reduction from the previous emission. This change will create a more sustainable structure, open up emissions to incentivize other aspects and benefit the overall ecosystem's health.

Protocol underwriting will be incentivized by offering a significant amount of DEG incentives to PRO-LP stakers, which will improve the general yield throughout Protocol Protection. By incentivizing underwriters with native token rewards, the platform will attract more liquidity and boost the ecosystem's overall health.

The addition of 20k $USDC to the aggregated insurance pool will provide users with more coverage options and demonstrate the benefits of being an underwriter and staker. This increased liquidity will allow users to buy coverage against risks and provide underwriters with more opportunities to earn rewards.

Increasing liquidity in the insurance pool will benefit $DEG stakers by providing them with protocol fees from the incentivized ecosystem. This will create a virtuous cycle where more users participate in underwriting, leading to more liquidity, better coverage options, and ultimately more revenue for all participants.

Ultimately, this should especially benefit Income Sharing, or DEG stakers, who will be receiving protocol fees from this incentivized ecosystem.

Overall, incentivizing Protocol Underwriting and adding liquidity to the insurance pool will improve the health and growth of the Protocol Protection ecosystem. It will attract more users, increase liquidity, and ultimately provide better coverage and benefits for all participants.

Degis Tokenomics Update

Our project goals are simple yet ambitious. We want to establish healthier DEG emissions, incentivize price protection and incentivize Protocol Protection. To achieve these goals, we have created new emission parameters for DEG and initialized a stronger underwriting position that will help us facilitate protocol utilization and increase our user base.

Our goals are as follows:

Healthier DEG emission

Incentivize Price Protection

Incentivize Protocol Protection

Let's break down each goal and see how Degis Protocol is achieving them.

Healthier DEG Emission

We have reduced DEG emissions by 60%, making the daily DEG emission lower than 1000 $DEG. This will increase our visibility and reignite the income-sharing flywheel, which involves users staking $DEG and earning Fees.

Incentivize Protocol Protection

To incentivize Price Protection,we are adding 20,000 USDC to Protocol Protection. This will allow us to offer up to $60,000 in covers for the protocols we are currently working with. By selling $60,000 in covers, we would generate $1,200 in Protocol Insurance only. 5% goes to Income Sharing. This strategy will attract users away from stablecoin staking pools offering up to 18%.

Incentivize Price Protection

To incentivize Protocol Protection, Degis Protocol is creating a competing staking pool for DEG only. Their initial goal is to have a minimum of $100,000 earning 10% APR on this pool. This strategy will allow them to offer up to $300,000 in covers for the protocols they are currently working with.** **

Thank you for your continued support, and we look forward to providing you with more updates soon.

Best regards,

Degis Protocol Team

Weekly Summary (April 17th)

project-degis@newsletter.paragraph.com (Project_Degis) — Wed, 19 Apr 2023 01:19:51 GMT

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!

Highlight of this week

· Degis Tokenomics Update

Other Progress

· New Mirror.xyz Account for DeFi News and Degis Updates

What we're doing now

Development Team

· New Products: The development team is working hard to bring you new and exciting products in the coming weeks. Stay tuned for more details!
· Website Optimization: The development team is also working to optimize our website for a more user-friendly experience.

Marketing Team
· Events: We have more AMAs in multiple languages planned for the coming weeks so that everyone can learn more about Degis and our products.
· Partnerships: We are constantly seeking new partnerships to make the Web3 space a safer place for everyone.
· Campaigns: We have some fun community campaigns planned for the near future, so get ready to earn some juicy rewards!

What to expect next week

· More exciting updates and product launches are on the way, so stay tuned! · New partnerships and collaborations will be announced in the coming weeks.

Take the quiz and win rewards

Quiz for this week:

https://docs.google.com/forms/d/e/1FAIpQLScFN-z2AOCX2OBVyJtSabSEYsfByWSjw5RrS1SHPOEFJLvw9w/viewform?usp=pp_url

Winner of last week: Kizzy#0748 @san_dyy324 @rfkylmz @abd333jdr Dkach#8687 / @domkach

Degis official links Twitter: https://twitter.com/ProjectDegis

Instagram: https://instagram.com/project_degis?igshid=YmMyMTA2M2Y=

Telegram Announcements Channel: https://t.me/ProjectDegisAnnouncements

Telegram Chat Group: https://t.me/ProjectDegis

Discord: https://discord.gg/zGP5aWHYFZ

DeFi News with Degis Protocol

project-degis@newsletter.paragraph.com (Project_Degis) — Mon, 17 Apr 2023 23:21:59 GMT

Hey there Degis OG’s, it's your Degis Degen! Have you heard about the latest trends in the cryptocurrency market? No? Well, let's dive in and talk about it!

First off, let's talk about DEG tokens. Have you heard of them? They're the native tokens for Degis protocol, and they represent governance power. What does that mean? It means that if you're a protocol contributor, you can decide on future desicisions and by participating you might get DEG.

So, not only are you contributing to the protocol, but you're also getting rewarded for it. Talk about a win-win situation!

Now, let's get into the nitty-gritty of token model protection. It's all about homogenized (Homogenized means that something has been made uniform or consistent) events, which means that the probability of an event happening has no relation to the identities of the parties involved, but only to objective external conditions. This allows for protection contracts of events to be traded in the market freely. Pretty cool, huh?

about protection tokens. Now, before you roll your eyes and think "ugh, boring insurance stuff", hear me out. This ain't your grandma's insurance policy.

Protection tokens are a new and exciting way to hedge against risk in the crypto world. Think of it like buying insurance for your investments, but without all the fine print and headaches. Here's how it works:

To create a protection token, you need to stake the maximum potential payout in the policy pool. It's like putting down a bet that something bad will happen. And let's be real, with all the craziness in the crypto world, something bad is bound to happen sooner or later.

The potential payout is controlled by smart contracts, so you don't have to worry about some shady insurance agent denying your claim. And if the event does happen at the expiry date, the protection token holders can claim the payout. It's like hedging a position, basically what all the Hedge Funds where doing before they went crayzyyyyy.

But what if the event doesn't happen? Don't worry, you're not out of luck. The staked money is sent back to the creators automatically. It's like getting your money back on a bet you didn't win. And if the creators want to redeem their staked money before the expiry date, they can do so by burning the protection tokens. It's like cashing out your chips at the casino.

Now, I know some of you might be thinking "why bother with all this protection stuff? I'm a crypto cowboy, I don't need no stinkin' insurance!" But hear me out. We all make mistakes, even the best of us. And sometimes, things happen that are out of our control. It's always better to be safe than sorry, especially when it comes to your hard-earned money.

So, the next time you're making moves in the crypto world, consider getting some protection tokens. It's like having a safety net for your investments. And who knows, you might just hit the jackpot.

Now, we've already covered the basics of protection tokens - staking money, potential payouts, smart contracts, yadda yadda yadda. But there's one important thing that you need to keep in mind when it comes to these things. And that's the maximum total amount of redeeming.

Let me break it down for you. The maximum total amount of redeeming is the total amount of protection tokens that the creators have ever minted. So, if you've minted 100 protection tokens, the maximum amount you can redeem is the equivalent value of those 100 tokens. This is important to keep in mind because if you're not keeping track of how many protection tokens you've minted, you could end up with less than you expected.

Think of it like this. You're at a buffet, and you've got a plate full of delicious food. But you only have a certain amount of room on that plate. If you're not careful, you could end up with more food than you can handle, and you'll have to leave some of it behind. Same thing goes for protection tokens. If you're not keeping track of how many you've minted, you could end up with less than you thought you had.

Now, I know what you're thinking. "Degen, why should I care about the maximum total amount of redeeming? I'm just trying to make some money, bro!" And I get it, I really do. But here's the thing. Protection tokens are all about managing risk. And part of managing risk is being aware of your limitations. If you don't know how much you can redeem, you could end up taking on more risk than you're comfortable with.

So, the next time you're minting protection tokens, make sure you're keeping track of how many you've minted. It's like keeping track of your bank account balance. You don't want to accidentally spend more money than you have, do you? Same goes for protection tokens. Know your limits, and you'll be able to manage your risk more effectively.

Hey there Degis OG’s, it's your Degis Degen! Have you heard about the latest trends in the cryptocurrency market? No? Well, let's dive in and talk about it!

So,not only are you contributing to the protocol, but you're also getting rewarded for it. Talk about a win-win situation!

about protection tokens. Now, before you roll your eyes and think "ugh, boring insurance stuff", hear me out. This ain't your grandma's insurance policy.

Butwhat if the event doesn't happen? Don't worry, you're not out of luck. The staked money is sent back to the creators automatically. It's like getting your money back on a bet you didn't win. And if the creators want to redeem their staked money before the expiry date, they can do so by burning the protection tokens. It's like cashing out your chips at the casino.

So, the next time you're making moves in the crypto world, consider getting some protection tokens. It's like having a safety net for your investments. And who knows, you might just hit the jackpot.

Letme break it down for you. The maximum total amount of redeeming is the total amount of protection tokens that the creators have ever minted. So, if you've minted 100 protection tokens, the maximum amount you can redeem is the equivalent value of those 100 tokens. This is important to keep in mind because if you're not keeping track of how many protection tokens you've minted, you could end up with less than you expected.

So,there you have it, folks! The latest trends in the cryptocurrency market are all about governance power, protection contracts, and smart contracts. It may sound complex, but with a little bit of knowledge and a whole lot of humor, it's easy to understand. And as always, let's learn from each other's mistakes and thrive together in the DeFi world!

Degis official links Twitter: https://twitter.com/ProjectDegisInstagram:https://instagram.com/project_degis?igshid=YmMyMTA2M2Y=TelegramAnnouncements Channel: https://t.me/ProjectDegisAnnouncementsTelegramChat Group: https://t.me/ProjectDegisDiscord:https://discord.gg/zGP5aWHYFZ

Degis v2 Announcement

project-degis@newsletter.paragraph.com (Project_Degis) — Mon, 17 Apr 2023 02:09:04 GMT

Dear Degis Community,

We have some exciting news to share with you!

At Degis, we understand the importance of providing a comprehensive trading experience that caters to your unique risk appetites and investment goals. That’s why we are thrilled to announce the redesign of our entire dApp, which will provide a smoother, more user-friendly experience for all of you.

Our team has been working tirelessly to create a platform that is easier to navigate, with improved functionality and an overall better user experience. Whether you are an experienced trader or new to the world of decentralized finance, we want to ensure that our platform is accessible and easy to use for everyone.

In addition to the redesign, we are pleased to inform you that we will be renaming our Price Protection feature to better reflect its nature.

Going forward, Price Protection will be known as the Options Market, which is more descriptive of the service it provides. Our Options Market is a key part of our mission to make risk management accessible to all. We aim to provide a wide range of options and trading strategies to make Degis the best Insurance Protocol for everyone.

We are committed to building a platform that is inclusive and user-friendly. We believe that this redesign will help us achieve that goal. Thank you for your continued support and we look forward to unveiling our new and improved dApp in the coming months. Stay tuned for more updates and thank you for being part of the Degis community!

Degis official links Twitter: https://twitter.com/ProjectDegis

Instagram: https://instagram.com/project_degis?igshid=YmMyMTA2M2Y=

Telegram Announcements Channel: https://t.me/ProjectDegisAnnouncements

Telegram Chat Group: https://t.me/ProjectDegis

Discord: https://discord.gg/zGP5aWHYFZ