DEGO Liquidity Mining V1

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DEGO will officially open up its Liquidity Mining Pools to the public on the 16th of September, 1pm UTC.

DEGO has a Total supply of 21 million, 80% of which will be minted out by liquidity mining.

Total Token supply: 21, 000, 000 DEGO

Mining supply: 16,800,000 DEGO

Halving period: 1 week

The initial set of available pools:

👨‍🌾Pool 1:

1) USDT

To participate on the USDT mining pool, miners will have to stake USDT on Dego Dapp (dego.finance) to get $DEGO rewards.

5% of the Mining pool (1,050,000 DEGO)

525,000 DEGO will be released during the first week. a 50% weekly halving mechanism will be implemented from the second week.

USDT address: 0xdAC17F958D2ee523a2206206994597C13D831ec7

2) WETH

The second liquidity mining is the Wrap ETH (WETH). Users stakes their WETH in order to farm DEGO.

5% of the Mining pool (1,050,000 DEGO)

DEGO will be released during the first week. a 50% weekly halving mechanism will be implemented from the second week.

WETH address: 0xC02aaA39b223FE8D0A0e5C4F27eAD9083C756Cc2

👨‍🌾Pool 2:

🦄 Uniswap LP token (ETH+DEGO)

Pool 2 is different from Pool 1. Unlike Pool where users can stake USDT and WETH directly, Pool 2 takes a different approach. Users will need obtain the UNI-V2 LP token by swapping ETH and DEGO and then stake the LP token to get DEGO rewards.

20% of the Mining pool (4,200,000 DEGO)

2,100,000 DEGO DEGO will be released during the first week. a 50% weekly halving mechanism will be implemented from the second week.

Uniswap V2 address: 0x23f7D99C169dEe26b215EdF806DA8fA0706C4EcC

1) For DEGO’s token mining mechanism, please check https://medium.com/@dego.finance/dego-protocol-decentralized-finance-with-sustainability-c5123bbca0cd

2) 5% of the mining rewards from users will be allocated to the team, while 10% will be allocated to the promoter(referral program).

3) If users claim the reward within three days, the time will be recalculated, 10% of the mining rewards are deducted and transferred to the dividend pool.

4)When a user transfers DEGO token, that is when calling the transfer interface and transferFrom interface of the smart contract, 2% trading fees will be deducted, 1% of it will be directly destroyed, the remaining 1% will be transferred to the dividend pool.

How To Participate

  1. Viste the official website: https://dego.finance and click Stake.
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2. Choose the token that you want to stake.

DEGO-ETH mining needs to go to Uniswap and add DEGO-ETH liquidity and obtain DEGO-ETH UNI-V2 LP for mining.

USDT can be staked directly using the USDT pool.

WETH can be exchanged at Uniswap through ETH 1:1.

3. Take the DEGO-ETH pool as an example, the first click Approve to authorize, and after authorization is completed, you can start staking.

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4. Click Harvest to get the mining rewards.

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Notice‼

Whether you a̶d̶j̶u̶s̶t̶ ̶y̶o̶u̶r̶ ̶s̶t̶r̶a̶t̶e̶g̶y̶(̶ ̶”̶+̶”̶&̶ ̶”̶-̶”̶)̶ or claim rewards(harvest) or withdraw( harvest & unstake), any action will set the time recalculated and 10% of the mining rewards are deducted and transferred to the dividend pool.

📢 Visit us at DEGO.Finance, follow us on Twitter, join us on Telegram & Discord.

DEGO.Finance — Decentralized Finance with Sustainability

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