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
- Viste the official website: https://dego.finance and click Stake.
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.
4. Click Harvest to get the mining rewards.
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.
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