Degis announced a new collaboration with Trader Joe to offer protection for Trader Joe via Protocol Protection.

In addition to $JOE Price Protection, Degis will offer game-changing insurance coverage to Trader Joe users by integrating Trader Joe into cross-generational Protocol Protection product. They hope the collaboration can protect Trader Joe users from on-chain risks, and provide them with a safer crypto environment.

Trader Joe Integrates Degis – 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).

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.

Website | Twitter

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.

Website | Twitter

SOURCE:

https://degis.medium.com/degis-will-offer-protection-for-trader-joe-via-protocol-protection-dc1a8c0d8c7a

REQUEST AN ARTICLE

Comments

Post a Comment

Popular posts from this blog

Dogecoin (DOGE) Valued at $25,000,000 Leaves Robinhood Crypto in the Wake of the SEC’s Wells Notice

Tens of millions of dollars worth of the meme asset Dogecoin (DOGE) has left Robinhood Crypto after the firm received a Wells Notice from the U.S. Securities and Exchange Commission (SEC). New data from blockchain-tracking platform Bitcoinsensus reveals that 164 million DOGE worth $25 million was transferred out of Robinhood after the firm’s crypto branch received notice that the regulatory agency would be taking enforcement actions against it. A Well Notice is a warning given by the SEC informing an entity that legal action is going to be taken against them, though it is not an indication of any wrongdoing. Robinhood received its notice on May 6th. Earlier this week, crypto attorney Jake Chervinsky said that the SEC was abusing its power and issuing Wells Notices as a scare tactic. “If the SEC brings as many enforcement actions as it has sent Wells Notices, it will be in flagrant violation of both the law and its Congressional mandate. If not, it...
Read more

Mog Coin Price Prediction: MOG Leads Meme Coin Losers With 18% Plunge As This PEPE Upgrade Soars Towards $7 Million

Image
The Mog Coin price has slumped 18% in the last 24 hours to trade at $0.000001414 as of 7 p.m. EST on an 8% drop in trading volume to $50 million. MOG’s plunge made it the biggest loser among the largest meme coins by market capitalization, according to CoinMarketCap. Mog Coin Price Faces Resistance Despite Strong Rally The MOG price has declined from the resistance level of $0.000002363 but is steadily rising within a bullish channel as bulls work to drive the price higher. According to GeckoTerminal, the bulls appear to be regrouping and establishing a solid support zone at $0.0000008109, which aligns with the channel’s lower trendline. If this pattern continues, the price could rebound to the previous resistance level, potentially allowing the bulls to recover their profits. MOGUSDT Analysis (Source: Tradingview) The MOG price is trading below the 50 simple moving averages (SMAs), but remains relatively above the 200 SMA, which gives the bulls an upper hand...
Read more

Fwog Price Prediction: FWOG Soars 98% As This P2E Doge Derivative Presale Rockets Towards $6 Million

Image
The Fwog price has soared 98% in the last 24 hours to trade at $0.03207 as of 7:20 a.m. EST on a 15% drop in trading volume to $43 million. Fwog Price Analysis: Bulls Break Out Of The Consolidation Zone The FWOG price has recently broken out of its consolidation phase, showing a steady bullish momentum despite the ongoing struggle between bulls and bears. The bulls have driven the price higher and seem set to reach new highs shortly.  Forming an ascending triangle pattern reinforces this bullish outlook, potentially helping the bulls propel the price to new levels. FWOGUSD Analysis (Source: Dextools.io) FWOG is trading above the 50 and 200 Simple Moving Averages (SMAs), indicating positive momentum.  The Relative Strength Index (RSI) is trading upwards, rebounding from 44 below the 50 midline level. The RSI is currently above the 70 overbought level at 74. This indicates intense buying pressure, helping the bulls fly the price high. Meanwhile, the MACD indicat...
Read more