Roles

Traders

Traders borrow tokens from pools to make leveraged margin trades, upon trade closure, tokens are returned to the pool with fees subtracted.

Lenders

Lenders provide various tokens or stablecoins to lending pools, which can then be borrowed by margin traders. Lenders receive the highest level of fees for each trade on the platform as well as interest.

Lending pool creators

Lending pool creators are token founders, influencers or absolutely anyone, who can add any trading pair pools, to the Degen Protocol (even tokens that were just issued).

Stakers

Stakers have the opportunity to own part of the Degen Protocol. They can stake their tokens, become part of governance and earn dividends on each platform trade. Both UMX and DGN tokens can be staked in order to earn dividends. More information can be found on Unimex.Network.
Last modified 3mo ago