DEGO Finance – An Embodiment of Freedom and Openness in the DeFi Industry
DEGO Finance is a dedicated powerhouse and ecosystem for the revival of the fragmented Decentralized Finance (DeFi) industry.
If you have been trading DeFi assets, there are chances that you have realized that the system isn’t entirely decentralized as proclaimed. Instead, more people are losing money no thanks to the monopoly of cryptocurrency whales.
Would you appreciate it if there was a way you could transact DeFi assets without losing your personal information or embroiled in market manipulation by the whales? If that’s what you have been looking for, I am pleased to let you know that DEGO Finance has a protocol that makes all that possible.
In what would be termed Second Generation of Decentralized Finance (DeFi) assets, DEGO Finance is rolling out varieties of features that will make it simpler for you to trade DeFi assets in a free, transparent and liquid ecosystem.
The LEGO of DeFi
Distributed Ledger Technology (blockchain technology) is still in its early phase. So, some potential investors may not be fully motivated to use the network probably because they aren’t well educated on what the network has to offer.
However, understanding the workings of blockchain technology shouldn’t be as complex as it is touted out there. You can master some aspects of blockchain workings if you learned and know how to play LEGO Games. That is what the DEGO Finance DeFi platform aims to make possible for every potential blockchain user and DeFi investor out there.
You first need to understand what the LEGO Games are all about so you will be in a better position to understand how the DEGO Finance platform will bring similar potentials of the games to the DeFi system.
LEGO Games are simply brick of block games that work in unison. Ideally, LEGO Games are played by attaching 2 chains to any stud. From that, further attachment is made by connecting the LEGO brick to an adjacent brick.
Multiple connections would in no time give you what is now known today as Blockchain Network. And the similarity is none other than the fact that LEGO Games/Bricks are interwoven or connected to multiple chains so they can work in unison.
In the case of the DEGO Finance platform, it wants to be the LEGO of Decentralized Finance (DeFi) in that aims to attach multiple transactions on the chain to any stud, and the continuance of that makes it easier to create a formidable and robust DeFi ecosystem.
What Does DEGO Finance Do Differently?
Thriving in the Decentralized Finance (DeFi) industry might be a walk in the park, especially with the market excitement created by the likes of Sushiswap and YFI.
However, it may not be as difficult as it seems, especially after the variety of properties and architectures that the DEGO Finance ecosystem has in place for the advancement of the Decentralized Finance (DeFi) industry.
Below are some of the strategic moves and innovations that the broader DEGO Finance ecosystem uses to create and foster transparency and decentralization in the DeFi world:
- The Algorithm First Principle
The first thing that the DEGO Finance does is to use a dedicated algorithm that is used for different purposes.
The principles enshrined in the DEGO Finance algorithm will in no small measure contribute to the success of the New DeFi system that DEGO Finance is opening up.
First, the DEGO Finance algorithm will be used for directing the DeFi system to a mono angle. As the DEGO Finance team mentioned, the entire process will be irreversible once started. That is why they are taking the time to ensure that the entire algorithmic processes are immutable and in line with blockchain principles before they launch that.
- Decentralized Governance
At a time like this that Decentralized Finance (DeFi) transactions are almost in the hands of cryptocurrency whales, it makes sense that a more decentralized structure is in place.
That is what the DEGO Finance ecosystem does for the DeFi industry by decentralizing the entire governance system. In this case, we are looking at how DEGO Finance will return the command network of the broader DEGO Finance ecosystem to the users.
When that happens, you can then feature in most aspects of the DEGO Finance ecosystem ranging from voting on projects by staking your governing DEGO crypto tokens to initiating proposals in the broader DEGO Finance ecosystem.
Final Words
DEGO Finance is committed to opening up a more transparent and liquidity-filled Decentralized Finance (DeFi) ecosystem that thrives on the tenets of blockchain technology while promoting decentralized assets for transactions.
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