DEGO – THE ENTRANCE TO THE FUTURE OF DECENTRALIZED FINANCE

Cryptocurrency transactions rely on the Distributed Ledger Technology (DLT) as veritable means of scaling such transactions. At the same time, there have been variations to such transactions, especially with the influx of Decentralized Finance (DeFi) projects.

Now, the DeFi is almost fighting tooth and nail to ensure that transactions aren’t stalled. With the market alterations caused by the likes of SUSHI and YFI, there is an utmost need to correct the market.

DEGO looks good to be the cryptocurrency project that will usher in a new decade of Decentralized Finance (DeFi) transactions. In this new DeFi system, we would be taking advantage of a system that intends to create the next-generation pathways for DeFi projects.

THE DEGO PROTOCOL

The DEGO Protocol is a dedicated platform that will trigger more opportunities in the DeFi community. Worthy of mention is that the team took the time to monitor some of the DeFi market challenges and figured out some vital solutions for the same.

As we get set to admit the new DeFi ecosystem created by the DEGO Protocol, let us also consider some of the diverse opportunities that the protocol has to offer for the general success of the DeFi movements.

1- TRANSPARENT AND EQUALIZED GOVERNMENT
The first thing that the DEGO Protocol does is that it charts the pathway for the transparency, globalization and equality of all stakeholders.

Gone will be the days when DeFi project investors will be literally relegated to the background as the community would have little or no powers over the governance structure.

The first thing that sets the DEGO Protocol apart from all other DeFi protocols is the transparency, openness and equality of all the community members. While the DEGO Protocol team will organize everything at the onset, the powers over the network will later be handed over to the community.

Community Benefits
The benefits and controls of the community over the DEGO Protocol are many.

First, the community, on receipt of the power transmission, will share the powers evenly. That way, there wouldn’t be an opening for any group or select members to overshadow the others to control the system.

Second, the DEGO Protocol empowers the community to control and determine the future direction of the protocol. For example, the DEGO Protocol community are not allowed to pre-mine or partake in any mining activity, as it pertains to the network.

Finally, democracy is top-notch as the DEGO community is allowed to initiate proposals and consent to the same by means of staking the DEGO tokens or voting with the same.

2- BREAKING THE MONOTONY OF THE RICH
Unarguably, capitalism still exists in the crypto community, owing to the activities of the financially buoyant investors that tend to manipulate the market. Called the Whales, these investors tend to invest and dump heavily on crypto coins, and that in turn, creates a widening gap between them and the investors with low budgets.

The DEGO Protocol solves that issue by placing a certain threshold that must not be exceeded. Also, it enthrones even mining power distributions to reduce the concentration of more mining capacities in the hands of a few.

CONCLUSION
The DEGO Protocol is all out to make Decentralized Finance (DeFi) simpler and democratized. The project needs all the support it can get to open up more pathways for decentralized transactions.

USEFUL LINKS
Website: https://dego.finance/home
Twitter: https://twitter.com/Dego_Fi
Telegram: https://t.me/dego_finance
Medium: https://medium.com/@Dego.finance
Discord: https://discord.com/invite/xJjSJrd
Github: https://github.com/dego-labs

AUTHORS DETAILS
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