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Degis Introduces the Protect to Earn Mechanism

·2 min read

Hong Kong, Hong Kong--(Newsfile Corp. - May 25, 2022) - Degis have announced their Protect to Earn Mechanism in light of the extreme volatile market.

Introducing the Protect to Earn

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Degis Solution

Degis is the next-generation all-in-one protection protocol, the first on Avalanche. The Degis protocol will offer exhaustive protection to users and traders, offer a decentralized protection market, and ultimately bring scalable risk management to the crypto world. Degis has launched the naughty price protection on April 1st, which is a token price protection that protects users from the token price volatility. To shape the protection ecosystem of the crypto world, during the year 2022, Degis will develop smart contract protection, impermanent loss protection, and build the Protection Meta Market, which is a protection aggregator. Degis has designed Meta Market especially to solve the distraction of the on-chain insurance space by aggregating various protocols into one platform. Users can easily purchase insurance products from every existing insurance protocol instead of searching around.

By adopting blockchain technology, compensations on Degis protocol is 100% determined by the smart contract. Once the insured event occurs, compensation will be paid immediately and automatically to the protection buyers. On Degis, protection buyers will no longer wait for a long and complicated claims process.

What Makes Degis Unique - Protect to Earn

Degis Unique - Protect to Earn

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As the next generation protection protocol, Degis is the first protection protocol that features a protect to earn mechanism. Also, protect to earn is one of the most important concepts of the platform.

Under the protect to earn mechanism, protection buyers will be able to earn profits from the buyer incentives and income sharing function.

Income sharing

Once buyers harvest $DEG, they can share Degis platform income by staking $DEG.

Check here for the detailed intro of Degis Protect to Earn: https://degis.medium.com/protect-to-earn-with-degis-bd7998bed686

Ending Thoughts

If one protocol needs to be drawn out of many protection platforms, essentially, this protocol should have outstanding protection products. It is also necessary to create a user-friendly platform, so as to attract and retain users. This is exactly the platform that Degis has built. Degis provides exhaustive protection for users and allows all platform users to grow together with the platform through income sharing.

Degis is a protection protocol that belongs to all of the platform contributors.

Follow Degis Social Media for more information: Website | Twitter | Discord

Media Contact:
Andy Liu
Email: andy@degis.io

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/124474