DEGO
Two Stages of DEGO DAO
Stage I Internal Created
DEGO Team members are from different backgrounds and cultures across the world. Our common interest, values and vision brought us together to form a unique and stable team. To realize the full openness and transparency of the initial decision-making of the project, we will select 5 internal representatives based on the current team composition to decide the initial operation of DEGO Protocol.
We will set the Governance permissions of each contract as a multi-signature wallet, and make adjustments and decisions through a 3/5 decision-making mechanism.
The initial earnings will also be aggregated into this multi-signature wallet to achieve the goal of governance by the founding team.
Stage II Transfer of Power to the Community
After a certain period of the normal operation of the project, the community determines the co-holders of the multi-signature wallet through the mechanism of proposal and voting. DEGO DAO is designed to be run by community members in a clear, transparent manner. The community can vote on proposals to change the system parameters and to align the individual’s desire for profit with the protocol’s best interest.
It’s been less than 4 days since DEGO Telegram group was created to assist supporters and future yield farmers of the DEGO Ecosystem understand the project. We are pleased with the positive vibe of the community, growing from 0 to more than 800+ active participants.🎉 DEGO team expresses our gratitude and love of the community towards our project.
In our perspectives, DEGO is the LEGO in the DeFi world which differs from MAKER DAO, COMPOUND, YFI and even the recent SUSHI in diversity, creativity and fairness. We hope that DEGO will be a work of art in the world of blockchain which represents freedom, equality, openness and innovation.
DEGO team is entirely grateful and feels more motivated by the numerous investment offers we have received from VCs and angels even though we could not accept due to our community governance mechanism. Apart from the Presale and the 1% airdrop, any other DEGO token can only be used after the approval of DEGO DAO governance. DEGO is a complete governance token and we hope that it can spread around the world. Everyone can participate in DeFi equally and being a part of DEGO ecosystem.
Recently, we’ve seen a boom in decentralized finance (DeFi). The exponential growth and FOMO sentiment around DeFi have attracted many new crypto investors and developers to space and have stimulated the interest of traditional financial players. Everyone searches for best investment potential and hunts gems in the DeFi world.
The exploration is worthwhile, but your funds, time and chances are limited, and you can never fully grasp all investment opportunities.
DEGO adopts a modular combination design concept. Modularity refers to the combination of various elements of the product to form a subsystem with specific functions. We combine this subsystem as a universal module with other modules to create a new system with multiple functions and performance.
In short words, each product can be regarded as a module. After a combination of different modules, a new product comes out, thereby achieving the effect of 1+1>2. LEGO bricks are the best example and inspiration for those modules. Every brick is plain and ordinary, but it generates endless possibilities when putting together.
DEGO equals to LEGO in the DeFi world. Each DeFi protocol as a brick, It could be the stable coin(DAI), flash Loans(Aave, Compound), DEX exchanges(Uniswap and Balancer), derivatives( Synthetix), insurances (Nexus Mutual). Around these underlying protocols, we will build a new dapp to enhance the value of the DeFi, create diversified investment portfolios and generate substantial financial returns for users, and become the entrance to the future of financial services.
Information
https://discord.com/invite/xJjSJrd
https://medium.com/@Dego.finance
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