DEGO Protocol — Decentralized Finance with Sustainability
Yield Farming has recently been the focus of interest and discussion in the broader crypto community, initiating a new era for DeFi via liquidity mining. The popular formulas of current liquidity mining are: Daily output per user = daily output of the mining pool * staked amount/total staked amount Under this model, the whales🐳 become the top winners, they can easily take away nearly all liquidity rewards and irrational sellout their yield. And this is a harsh predatory game for shrimps🦐. With the rise of yield farming, whales are the most common concern for DeFi farmers. To solve this problem and toward a more sustainable ecosystem of DeFi, we create the 👉 Liquidity mining with algorithmic adjusted. In DEGO, we used a set of deterministic algorithms for liquidity mining, convert the LP token staked by users into POWER (similar to the hashrate of Bitcoin mining), and getting earnings through them. Under this model: Daily output per user = daily output o...