DEG/EUR: Convert Degis (DEG) to Euro (EUR)

Degis (DEG) is a comprehensive protection protocol built on the Avalanche blockchain. It aims to create a decentralized protection ecosystem that leverages blockchain technology to streamline the traditional protection market. Degis strives to address the challenges of limited coverage areas, liquidity aggregation, and instant payouts in the existing market. The protocol allows users to protect themselves from various risks such as token price volatility, impermanent loss, wallet risks, and smart contract risks. Degis is designed with three main characteristics: to protect, to earn, and to play, incentivizing all contributors, whether they are buying or selling insurance, with Degis tokens.

Degis operates through smart contracts, which automate the roles traditionally played by sales associates in the protection market. The protocol allows anyone to act as a protection provider, covering others' risks without complicated verification and settlement procedures. Degis offers multiple coverages of on-chain and off-chain products, a concentrated pool to aggregate capital and liquidity, and a secondary market to promote circulation. It also incorporates NFT attributes and a lottery mechanism. The protocol uses its native token, DEG, to incentivize users' participation in the ecosystem.

Degis offers a wide range of potential use cases. It provides a platform for users to protect themselves against various risks associated with cryptocurrency, including token price volatility, impermanent loss, wallet risks, and smart contract risks. Users can also earn rewards by participating in the ecosystem, either by buying or selling insurance. Additionally, Degis introduces a novel concept of protection tokens, which can be traded freely in the market. These tokens represent homogenized events, the occurrence of which is related to objective external conditions rather than the identities of the contract parties.

The concept of Degis was born out of the need to address the challenges in the traditional protection market, such as cumbersome purchasing and complicated claims procedures. The protocol was developed on the Avalanche blockchain, aiming to leverage the technical advantages of blockchain and big data analysis to benefit each participant in the ecosystem. Since its inception, Degis has been working towards establishing a new paradigm for crypto insurance. The protocol's roadmap includes the launch of various protection products, the development of a Meta Market for trading on-chain protection products, and the introduction of community governance.