Dec 26, 2022
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!
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.
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
