spot_img
9.5 C
London
Friday, September 30, 2022

What Is Ducky Egg(DEGG)? Complete Guide & Review About Ducky Egg

- Advertisement -
binance 728x90 banner

What Is Ducky Egg(DEGG)?

Ducky Egg is the token that powers DuckyDeFi financial protocol. Use cases of DEGG include the following: Staking in Pools to earn free tokens Providing liquidity in Liquidity Pools Use in Yield Farming Minting of Ducky NFTs (Part of Roadmap)

Deflationary Mechanics As for now, DuckyDeFi is yet to have an active burning mechanism implemented. They will conduct votes over time and work with the community towards common goals, which include deflationary mechanics in the future.

Important Points Table Of Ducky Egg

BasicPoints
Coin NameDucky Egg
Short NameDEGG
Circulating Supply8,613,444.00 DEGG
ExplorerClick Here To View
DocumentationView Document
WebsiteClick Here To Visit

How to Buy the Continental & Trade On Exchange?

First Step

Buying DEGG Is Very Easy Task . Just Find Exchange Where DEGG Available & Buy Through Your Credit & Other Altcoin .

Second Step

Once You Purchased DEGG. Now It Is Time To Store Your DEGG Or Start Trading On Exchange .

What drives?

Decentralized finance, or commonly referred to as DeFi, has gained massive growth over the past year and continues on pioneering new models for individual financial autonomies and opportunities.

They are a group of enthusiastic and early adopters of the crypto world, that strongly believe the crypto world is the future. They understand the necessities of the crypto ecosystem and aim to bring as much real-world application using blockchain technology and make it more attenable and closer to everyone, even for someone who has just begun their crypto journey.

Why DuckyDeFi?

Not just me and not just you, it’s us. In Ducky Egg, they believe in the motto “By Community, For Community. They want to be as transparent and as fair as possible. That’s why we adopt a fair launch protocol: NO PRE-MINT, NO SEED, NO IFO, and NO PRESALE. What’s even more, is that trading fees are lower than other decentralized exchanges too!

Core Finance Products

  • Ducky Swap:
    • Instantly swap tokens at low fees
    • Supply liquidity to earn proportionate of 0.17% transaction fee whenever the pair of assets are traded
  • Ducky Farm:
    • Stake LP tokens and earn DEGG. Higher exposure to market fluctuation but higher APR
  • Ducky Pool:
    • Stake DEGG and earn other tokens for free. No other hassle.

Ducky Swaps

Swaps on Ducky Egg Coin are the simplest way to trade one CRC-20 token for another via automated liquidity pools. The liquidity provided to the exchange comes from Liquidity Providers who stake their tokens in Pools. Each token swap on the exchange will impose a 0.25% trading fee, which is broken down as follows:

0.17% – Returned to Liquidity Pools in the form of a reward for liquidity providers.

0.08% – Sent to the DuckyDeFi Treasury for marketing, development, and buyback purposes.

Ducky Farms

What are LP Tokens?

LP tokens are generated to the Liquidity Providers based on the pair of assets added into Liquidity Pools. For example, supplying CRO and BTC will generate CRO-BTC LP to the providers. The total number of LP tokens you receive represents your portion of the CRO-BTC liquidity pools, this is also proportional to the entitled rewards in terms of trading fees when people use your liquidity pool.

Yield Farming

Yield farming allows users to earn Ducky Egg by staking LP Tokens. At the same time, as an LP tokens holder, you are still providing liquidity to the liquidity pool that gives you the LP rewards as well.

A 1.5% fee applies only when staking LP tokens into the non-DEGG-farms.

Auto DEGG Pool

  • Stake your DEGG and watch it multiply itself
  • The auto-compounding is triggered by other users or the system for a small bounty
  • A small performance fee of 2% is subtracted automatically from each of your earning when the pool is compounded
  • An unstaking fee of 0.1% applies when you unstake within 3 days of manually staking

Use Cases

DEGG is the token that powers DuckyDeFi financial protocol Use cases of DEGG include the following:

  • Staking in Pools to earn free tokens
  • Providing liquidity in Liquidity Pools
  • Use in Yield Farming
  • Minting of Ducky NFTs (Part of Roadmap)
- Advertisement -spot_imgspot_img
Latest news
- Advertisement -binance
Related news