TALKING ABOUT DEGO FINANCE PROPER.
The rapid changes and evolutions in the crypto-space has afforded us the ability to involve in decentralized finance (DeFi). The DeFi is an application that uses smart contract, the smart contract runs seamlessly on ethereum blockchain, the concept of the DeFi implies that one can get loans in the form of crypto assets and as collateral for crypto assets i.e you deposit your stablecoin, ethereum or Bitcoin as collateral for a loan in dollar denomination.
In terms of market capitalization and usecase Ethereum is so far the second most popular and powerful cryptocurrency after Bitcoin because it has smart contracts that uses a solidity programming codings to create cool applications, this smart contracts has greatly enhanced the fortunes and acceptibilty of the DeFi sector a clear indicator of this is the value of crypto assets stored in them.
The use of smart contracts in DeFi creates a completely decentralized blockchain operations with very minimal human intervention/manipulation. According to DeFipulse data, over $1.85 billion of crypto assets has been spread accross 30 DeFi application.
There is absolutely no doubt that there has been a massive attention and indulgence and for DeFi and I can categorically say that this growth and crave coupled with the FOMO sentiments have really increased the number of investors developers to come into DeFi, even traditional financial players are not left out as they are also keying into DeFi seeing it's high investment potentials.
THE MERITS OF DEGO
(1) Highly affordable cross border payments: having intermediaries in transaction processes can inflates cost of transaction, DEGO eliminates any possibilities for intermediaries so as to make remittances cheaper for everyone.
(2) High privacy/security provision: regardless of how efficient a system can be it's efficiency will be incomplete if it has a deficient security provision, with DEGO users have direct access to their wealth and can safely carry out transactions without necessary undergoing any form of external validation.
(3) Transparent transactions: just like most blockchain projects, immutability in DEGO is certain, all transactions are stored in the ethereum blockchain so anyone can see it but no one can change it.
DEGO MINING ASPECTS.
Ever since the inception of blockchain technology and Bitcoin in particular quite alot of people have went into mining of cryptocurrencies, this profession of mining has gained credence globally. The DEGO project aside the earning of income or interest from lending crypto assets, DEGO also allows it users to earn by mining, the mining method employed is similar to the present consensus proof of stake which is way better than proof of work. The use of proof of stake (POS) in DEGO mining means that all each user can perform crypto mining easily, technically mined DEGO tokens quickly and efficiently, the process of mining is regarded as staking and this mining activities can be carried on DEGO official websites via https://http://dego.finance
CONCLUSION
Because the development of coins for different point is gaining credence one must realize that the absence of ecosystem for this coins can create serious dump in it's value and the lack of use cases of this coins can decrease it's value and acceptibilty. Admist all this DEGO stands out as a unique DeFi projects with value propositions that serve the interest of everyone, it's ecosystem is not only sustainable but also all-e compassing, it's mining methods & DeFi are easy which will increase it's liquidity as well as a stable and steady value growth.
USEFUL LINKS
Website: https://dego.finance/home
Medium: https://medium.com/@Dego.finance
Telegram: https://t.me/dego_finance
Twitter: https://twitter.com/Dego_Fi
Discord: https://discord.com/invite/xJjSJrd
Github: https://github.com/dego-labs
AUTHOR'S DETAILS
Bitcointalk Username: Abulu730
Bitcointalk Profile Link: https://bitcointalk.org/index.php?action=profile;u=2539309
Proof of Authentication: https://bitcointalk.org/index.php?topic=5272474.msg55271485#msg55271485