Weekly Summary (August 15th, 2022)

Hi Degison! Hope you’re having a great week.

Come and check our weekly progress summary to stay tuned! After reading the summary, you can take a questionnaire and we will select 20 Degisons to win 30$DEG reward each!

Highlight of this week

-Degis Shield will be live soon!

Shield is a USDC-collateral stable coin that is generated by and used in Degis protocol. One Shield is fully collateralized by one USDC, which means that Degis protocol will stake one USDC to mint one Shield. To get Shields, users can stake supported stablecoins on the Degis platform. Then, we will call DEX to swap the stablecoin into USDC as collateral and mint the same amount of Shields for users.

If you want to know more about shield, please check https://degis.medium.com/degis-shield-announcement-5e319c0fb087 for more details.

Other progress

· Integration: Degis will integrate the security monitor system from SlowMist

· Product: $BTC will be protected by Price Protection, and more details of Protocol Protection’s mechanism have been updated

· Collaborations: partnership with CrossSpace — the social networking and Soulbound NFT system for participants to build their influence and connect with global communities in Web3

What we’re doing now

Development team

· New product: the development team is working on Protocol Protection’s mechanism and adaption

· Degis website: the development team is updating the official website to be more user-friendly, and made adjustment based on community members’ feedback

Marketing team

· Materials: more tutorials and market reports will be published

· Events: more AMAs for everyone to have a deeper insight into Degis and our products

· Collaborations: more partnerships to cover every risk in the crypto world and make Web3 a safer place for everyone

· Sharing: more paragraphs about news, crypto knowledge and interesting findings every week to raise everyone’s awareness of protection in the crypto world

What to expect next week

More products are on the way, stay tuned!

More research reports will be published!

Feedback column

From the protocol protection standpoint, Degis goes beyond the typical token protection and introduces the model for NFTs. Can you tell us what is the function of NFT model?

Degis team: At any stage, our protection product will be packaged as NFT (Non-fungible token), with users’ basic information on it. Once submit the protection order, the corresponding NFT will be minted and sent to the user’s wallet directly. On the one hand, such non-fungible tokens have the connotation of protection services with certain intrinsic values. On the other, the NFT will not be burnt if backing protection does not expire, users can keep it for collection and would be able to exchange discounts for other DEGIS designs in the future.

Thanks for the above suggestion! Your opinion always matters to Degis, and we will carefully look at every feedback to improve the user experience. We’ve integrated the feedback questionnaire into the weekly quiz form, voice your opinion and win rewards!

Weekly Report

  • A detailed report of ERC-4907 Standard & Double Protocol

(Check https://medium.com/@375_labs/37-5-labs-erc-4907-standard-double-protocol-689a50301456 )

Take the quiz, provide feedback and win rewards now!

https://docs.google.com/forms/d/e/1FAIpQLSdtuTkGt-GRNumVFBQlHQHHqEEEF83fXlGepnqJ3eKCyEoTJA/viewform?usp=pp_url

Answers of last week:

The total supply of $INSUR is 100M

Protocol Protection will be launched on August 31st.

The price model of Protocol Protection is Base Premium + Dynamic premium

Winner list of last week:

Hungdt#2744

maami#6419

Ayo#3564

Daddy seun#1403

Bami#2120

H2SO4#8320

damnational#3462

R.A.Y#3149

dalingge#9966

jykwyl#7370

Jacqueline Jerome#3051

@bigdoges

Daddyfish#3245

@Daviddurairaj

KishoreSatpute#4818

itzjos20#6120

mystar.bit#1995/@q4752924

lovecxy#8855/@lovecxy

alona#8884

@winda1616

Congratulations! The winner rewards will be distributed in 24 hours.

Degis Official Links

Twitter: https://twitter.com/ProjectDegis

Instagram: https://instagram.com/project_degis?igshid=YmMyMTA2M2Y=

Telegram Announcements Channel: https://t.me/ProjectDegisAnnouncements

Telegram Chat Group: https://t.me/ProjectDegis

Discord: https://discord.gg/zGP5aWHYFZ

--

--

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