LEGO in DeFi ... Welcome to DEGO finance

3 122

Written by

BenKenobi

No bio yet...

3 years ago

DEGO equals to LEGO in the DeFi world. Here's how to use their services. With its very vintage interface, several functions are offered to you

How to stack liquidity :

The first possibility for whoever offers himself to you to use the services of DEGO is the staking of liquidity. You can invest your liquidity in 2 types of pools.

Pool 1: This is for investors with USDT or wETH. You staunch your liquidity directly on the DEGO platform and you are remunerated up to the amount of liquidity you have injected into the pool.

Pool 2: This pool works a little differently. Here you have the possibility to stack UNI-v2 LP tokens and get a much higher APY.

These UNI-v2 LP tokens can be acquired using UNISWAP services. Go to the "pool" tab and inject liquidity on either side of the DEGO/ETH or DEGO/UNI pair.
Once your liquidity is added on UNISWAP, you will get UNI-v2 LP tokens indexed to one of the two DEGO pairs.

Return to the DEGO platform and then stack your UNI-v2 LP tokens.

As soon as you have validated your stacking, you start accumulating DEGO tokens.
You can view all your assets and what they generate via the "Dashboard" interface.

How to mine by NFT :

Another service offered by DEGO finance is mining by NFT token,
Dego finances to distribute a significant amount of NFT tokens to their community a few days ago. These NFT tokens can be bought, traded and exchanged on the OpenSea platform which gathers a vast collection of NFT tokens from different origins.

There are different levels of rarity proportional to the mining efficiency, which will affect your mining possibilities and of course the purchase or resale price.
Once you have an NFT token in your pocket, simply go to the "NFT" tab in DEGO finance, then "Mining", select one of the 3 mining pools and come and stack your NFT.

For my part, I had the opportunity to obtain a level 4 "platinum" token, which is very interesting because its mining power is quite high.

As soon as your token is stacked in the "mining" section, you start to accumulate DEGO tokens.

Auction :

Since a few days, a new section came to enrich the platform, it is a system of bidding between users. DEGO Finance has created a unique series of NFTs in the image of the major players in the blockchain and put them up for auction.

The first single NFT sold represented Satochi Nakamuto and approached 130 ETH.
So you will need a small amount of money to buy one of these unique tokens.