Degis will offer protection for Trader Joe via Protocol Protection

How does Protocol Protection work?

Protocol Protection is the next-generation protection product that offers exhaustive protection for all kinds of on-chain risks. Whether it is a smart contract hack, a cross-chain bridge theft, or a series of protocol security events such as rug pull, Degis will provide users with corresponding protection.

“Protection Pool + Priority Pool” Design

Degis Protocol Protection pools consist of two parts: Protection Pool and Priority Pool. The Protection Pool is the pool that provides protection to all insured protocols on Degis platform. Under Protection Pool, there are specific priority pools for every insured protocol (i.e. Priority Pool A is the specific insurance pool for Protocol A).

Dynamic premium design

In order to make the premium better reflect the real market conditions and the risk of the project, Degis’s dynamic pricing model will adjust the premium price based on the supply and demand relationship of protections. Degis’s premium model includes two parts: base premium + dynamic premium.

About Trader Joe

Trader Joe is a one-stop decentralized trading platform on the Avalanche network. Since its launch, the platform has attracted over $1.5bn in assets and has gained backing from some of the most widely recognized investors in the industry.

About Degis

Degis is the next-generation all-in-one protection protocol, the first on Avalanche. Degis will offer exhaustive protection to users and traders, offer a decentralized protection market and ultimately bring scalable risk management to the crypto world.

Degis Official Links:

Twitter: https://twitter.com/ProjectDegis

--

--

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store