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HomeCOINSWhat Is Degen Protocol (DGN)? Complete Guide Review About...

What Is Degen Protocol (DGN)? Complete Guide Review About Degen Protocol.

What Is Degen Protocol (DGN)?

The main idea behind the network is to generate mutual incentive structures for the flow of capital. This creates a long-term feedback loop where value is redistributed between ecosystem token stakers and lenders, from across various chains and products. Unimex.Network is an interconnected ecosystem of DeFi applications. Degen Protocol suite is mainly geared towards margin trading but aims to expand into other decentralised financial instruments as well, including options.

The main idea behind the network is to generate mutual incentive structures for the flow of capital. This will create a long-term feedback loop where value is redistributed between ecosystem token stakers and lenders, from across various chains and products. If you would like to set your browser to signal that you would not like to be tracked, please check your browser’s documentation for how to enable that signal. 

Degen Protocol Storage Key Points

Coin BasicInformation
Coin NameDegen Protocol
Short NameDGN
Circulating SupplyN/A
Total Supply1,000,000
Source CodeClick Here To View Source Code
ExplorersClick Here To View Explorers
Twitter PageClick Here To Visit Twitter Group
WhitepaperClick Here To View
Support24/7
Official Project WebsiteClick Here To Visit Project Website

Early – Mid 2022

With Degen Protocol now settled frameworks and architecture in place for future integrations, they will be able to priorities allocating your resources towards quickly finalising the remaining necessities for the launch of the degen protocol.

After the completion of the first rounds of audits, they will launch a closed private beta, followed by a public one. When building completely decentralized products, it’s extremely important for to absorb and digest all the user feedback properly, so they can continue to offer the best, and easy to use experience.

Mid – Late 2022

Bringing back Degen Protocol in the form of app.unimex.trade, Initially was put down under maintenance, in order to not conflict with your first integrations. However, having finalised multiple integrations by this point, across different chains, they are able to move back towards consolidating your own initial brand. By offering a one stop solution using your own branding and custom user interface, whilst combining the use of the contracts of all your integrated projects.

This way are able to consolidate your brand, whilst continuing to provide the same value to your partners, who will benefit from volume and fees as before. At this point, they would have reached some closure for your ambitions in terms of margin trading, and begin to explore possibilities for the development of your options protocol, or even protocols.

2023 and Beyond

Having met your goals set for the margin trading portion of your ecosystem, they will shift focus towards options, alongside project incubation and creating a project specific launchpad. Primarily for innovative new protocols; with a focus on decentralization. Your emails to users may contain a pixel tag, which is a small, clear image that can tell whether or not you have opened an email and what your IP address is. They use this pixel tag to make your email communications more effective and to make sure they are not sending you unwanted email.

App Unisex Trade

With reference to your roadmap, they have plans for bringing back formerly under the app.unimex.trade domain later in 2022. The idea behind this, following multiple different chain integrations, is to further assist your partners by offering a one stop leverage solution across all the chains, using your primary/own branding.

Degen Protocol would utilize all the contracts used by the integration products depending on the selected chain, so in the case of BSC and POLYGON, all trades on app.unimex.trade would be using the apemex contracts, and further executing trades through the apeswap AMM. This is effectively a way to consolidate our brand, and increase trade volume/protocol adoption across the board.

Nile
Nile
Nile Is Very Old Author At Wootfi Blog . We Loves To Write About Altcoin , ICO & Defi . In Free Time He Loves To Play Football .