Weekly Summary (December 26th)

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 10 Degisons to win 60$DEG reward each!

Highlight of this week

-The Degis campaign on Quest3 launched successfully!

We held a campaign with Trader Joe on Galxe last Monday. Every participant that manages to mint 10 SHD will get a chance to win a Degis Warriors, a full-of-utility NFT. Afterward, they can turn it back into USDC or buy protection or provide protection to earn yield. We hope that through this campaign, everyone can have fun as well as win some juicy rewards. More campaigns will be held soon. Stay tuned!

Other progress

·New Pool: Brand new Price Protection Pools opened with increased $DEG emissions to Liquidity Providers

What we’re doing now

Development team

· New product: the development team is continuously monitoring Protocol Protection to make sure it works smoothly for our users
· Degis website: the development team is optimizing the official website in a more user-friendly way

Marketing team

· Events: more AMAs in multi-language 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
· Campaigns: more community campaigns will start, prepare to have fun and earn some juicy rewards

What to expect next week

More products will be launched soon, stay tuned!

Weekly Hack Event

Solana DeFi protocol Raydium announced that a hacker had managed to overtake the organization’s “owner authority,” and used that access to begin draining Raydium’s liquidity pools. DeFi tools allow users to trade, borrow, and lend crypto assets among each other, without third-party intermediaries. And automated market makers like Raydium accomplish this by allowing users to contribute assets to a pool, often in exchange for token rewards.
Within hours today, a hacker stole over $2.2 million worth of digital assets from such a pool on Raydium, including $1.6 million worth of SOL, according to analysis from blockchain analytics firm Nansen.
The hacker appears to have pulled off the attack by using one of the protocol owner’s private keys. It remains unclear how the hacker accessed that information.

Take the quiz, provide feedback and win rewards now!

https://docs.google.com/forms/d/e/1FAIpQLSd8U7N4ZDhWyZHRt-lr-eeHkhOwSCMV7NsGfFQn3IEjWF5X7Q/viewform?usp=pp_url

Answers of last week:

We will have 50% reduction on staking emission

Both of them about blockchain are correct

You can boost 1.5 times veDEG balance with a rare Degis NFT

Winner list of last week:

Dkach#8687

KishoreSatpute#4818

RajaIsman#8759

Kizzy#0748/ @KizzyZiggy

sarimigelas#0580

Gc#1351 / @Nastyallove

Damnational#3462

refikyılmaz#5879

Just-curious

R.A.Y#3149

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

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