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Dego Finance
About Dego Finance
Dego Finance V2 is an incubator for Web3 projects, with an expanded focus on various blockchain ecosystems and a comprehensive suite for managing NFTs. The migration to V2 introduced significant technical updates, including a new token contract with enhanced security and functionality, and a strategic shift to the Binance Smart Chain to address issues like high fees on Ethereum's network. The roadmap indicates ongoing developments and expansions across multiple platforms, reflecting the platform's commitment to growth and innovation in the DeFi and NFT space.
Dego Finance V2 represents an evolution of the original Dego Finance platform, transitioning into an innovative incubator for the Web3 world. The platform's focus has expanded to encompass a wider range of projects across various sectors, including BTC ecosystem, Depin, Desci, and GameFi. A key component of Dego Finance V2 is the DEGO NFT Suite, which offers a comprehensive array of products to manage the lifecycle of NFTs. This suite includes:
- BRC20 Launchpad: A launchpad for BRC20 tokens.
- NFT AIGC: An advanced interface for interacting with NFTs.
- NFT Foundry: Enables minting of NFTs with unique attributes and rarity grades using DEGO, ERC-20, or BEP-20 tokens. These NFTs are backed by the tokens deposited during the minting process and can be decomposed to release these tokens.
- NFT Mining: Users can stake NFTs to mine rewards.
- Auctions: NFT auctions are carried out in the form of FOMO3D auctions.
- ScanDrop: A dApp that allows users to participate in NFT airdrops by scanning QR codes.
The migration to V2 was marked by several technical and strategic changes. The introduction of a new DEGO token contract involved implementing a ⅘ multisig system, adding blacklist functionality, and a contract suspension feature. Additionally, the new contract stipulated that the transfer and destruction fees would be 0%-20% of the transfer amount after migration. This migration was necessary for token holders before a specific snapshot time, with specific block heights mentioned for both the Ethereum chain and the Binance Smart Chain.
Dego Finance V2 also made strategic moves to address high fees and other issues related to Ethereum's network by transitioning to the Binance Smart Chain (BSC). This shift was part of Dego's broader plan to give NFTs more features beyond being digital representations of unique items. The protocol aimed to develop the Dego NFT module, combining gaming and finance (GameFi), allowing for mining, creation, and auctioning of NFTs. Tokens deposited during the casting of NFTs are locked but can be retrieved by decomposing the NFT.
The roadmap for 2023 Q1-Q2 included implementations on various platforms such as Scroll, zkSync, Arbitrum, Linea, Sei, and COMBO. These implementations suggest a continued effort to expand and integrate Dego Finance V2 across multiple blockchain networks and technologies.