What is Degis (DEG)?
Degis is a protection protocol built on Avalanche. Its goal is to create a universal crypto protection platform. It provides insurance mechanisms to protect users from cyber threats and security vulnerabilities in the DeFi and NFT markets. Degis is recognized for its innovative approach to insurance and received $3 million in angel and seed financing from Avalanche Asia Star Fund and the Blizzard Fund. The project was launched in 2022.
How Degis (DEG) Works
Degis offers two protection products:
- Options Market enables trading European-style options using on-chain data. Creators stake 1 USDC to mint protection tokens, serving as backed assets. Holders can claim a 1:1 payoff if the event occurs. Buyers hedge risks by purchasing protection tokens, while sellers profit by selling them. Liquidity providers contribute to the AMM pool, earning fees and DEG tokens. The market operates in time cycles, allowing for deposit, trading, and settlement periods.
- Protocol Protection allows users to buy and sell insurance for risks at the protocol level. Users can deposit USDC into the protection pool and receive Protection Pool LP tokens, representing their share in the pool. These tokens can be staked into priority pools for additional rewards. Underwriters take on higher risks by staking LP tokens in specific priority pools. Buyers pay premiums based on community-voted rates and receive compensation tokens. After a claim event, compensation is paid from the Protection Pool and priority pools, with LP tokens burned if necessary.
How Many Degis (DEG) Tokens Are in Circulation?
DEG is the native governance and utility token of the protocol. It has a total supply of 100,000,000 and 6,039,132 of them are in circulation.
How to Buy Degis (DEG)
Consider investing in Degis (DEG)? It only takes 2 minutes to create an account on Bitget and start trading DEG.
Check out the available DEG trading pairs on Bitget!
How to Buy Crypto with Credit Card?
in Bitget, we offer multiple payment methods for funding your account, including credit and debit cards. In Bitget, you can instantly buy or sell USDT and other cryptos with your credit/debit card. Go to our website and click on “Buy Crypto”, click on ‘Credit/Debit Card’. Learn more about on here.
How to Deposit and Withdraw Crypto | Bitget Guides
Spot market
Degis (DEG) Resources
Simple 3-step guide to buying DEG today in Lesotho
Create your free Bitget account
Select a funding method
Complete your Degis purchase
Step 1: Create a free account on the Bitget website or the app
Step 2: Place an order for Degis using a payment method of your choice:
Buy Degis with a debit/credit card
For Visa or Mastercard, select Credit/Debit card, then click Add New Card under the "Buy" tab
Credit/Debit in the Buy Crypto tab of the Bitget app
Credit/Debit in the Buy Crypto tab of the Bitget websiteSelect your preferred fiat currency, enter the amount you wish to spend, link your credit card, and then complete your payment with zero fees.
Add a new card to complete your payment on the Bitget app
Enter your bank card details to complete your payment on the Bitget websiteFor Diners Club/Discover card, click Buy Crypto > [Third Party] in the top navigation bar to place your Degis order.
How to buy crypto with credit/debit cardBuy Degis with Google Pay or Apple Pay
Converting your Google Pay and Apple Pay balance into Degis is easy and secure on Bitget. Simply click Buy Crypto > [Third Party] in the top navigation bar to place your Degis order.How to buy crypto via third-party gatewayBuy with bank transfer
We accept various payment methods, including iDeal and SEPA for EUR, PIX for BRL, PayID for AUD, UPI for INR, QRIS, DANA, and OVO for IDR, SPEI for MXN, and GCash for PHP. These services are facilitated by Alchemy Pay, Banxa, Mercuryo, and Simplex payment gateways. Simply select Buy Crypto > [Third Party] in the top navigation bar and select a fiat currency to place your Degis order.Buy Degis with the fiat balance in your Bitget account
You can Deposit fiat funds using Advcash, SEPA, Faster Payments, or PIX payment gateways to top up your Bitget fiat balance. Then, click Buy Crypto > [Cash conversion] in the top navigation bar to place your Degis order.P2P trading
With Bitget P2P, you can buy crypto using over 100 payment methods, including bank transfers, cash, and e-wallets like Payeer, Zelle, Perfect Money, Advcash, and Wise. Simply place an order, pay the seller, and receive your crypto. Enjoy secure transactions with escrow protection.How to buy crypto on Bitget P2P
Step 3: Monitor Degis in your Bitget spot wallet
Bitget—where the world trades Degis
How to buy Degis for free
- Learn how to earn Degis for free through the Learn2Earn promotion
- Earn free Degis by inviting friends to join Bitget's Assist2Earn promotion
- Receive free Degis airdrops by joining On-going challenges and promotions
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FAQ
Can I buy $1 worth of Degis?
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Landlocked Lesotho, often known as the Kingdom of Lesotho, is an exclave of South Africa. South African rand (R) and Lesotho loti (L) are the country's official currencies. The total population of Lesotho is 2,180,967 (2022). It takes less than 10 minutes to buy Degis(DEG) and other cryptocurrencies in Lesotho using the Bitget peer-to-peer network and other methods of crypto deposit.
English and Southern Sotho are both official languages in Lesotho. Both the Bitget website and app are available in English.
Beautiful cities like Maseru, Teyateyaneng, Mafeteng, Hlotse, and many others can be found in Lesotho. The greatest cryptocurrency trading platform in Lesotho is Bitget exchange, no matter where you are.
The climate of Lesotho is typically categorized as temperate with alpine features. The nation has warm summers and rather chilly winters. Mostly as a result of the greater elevations, temperatures tend to be lower than in other nations at comparable latitudes. The landscape consists primarily of highland plateaus, hills, and mountains. The only country in the world that is entirely over 1,000 meters in altitude is Lesotho. The highest lowest point of any nation in the globe is located there, at 1,400 meters.
Every year on October 4, Lesotho marks the day the country gained independence from the British in 1966 by celebrating Independence Day. The Maluti Mountains, Gates of Paradise Pass, Royal Palace, Maletsunyane Falls, Semonkong, and Liphofung Caves are just a few of the stunning sights in Lesotho. In Lesotho, Bitget is the most popular cryptocurrency exchange.