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DeGate is a decentralized transaction protocol based on the Ethereum Rollup two-layer network that is truly owned and controlled by DAO. The functional modules will include automated market maker transactions, order book transactions, leveraged spot transactions, cross-layer bridging, legal currency Exchange channel, initial token distribution platform. The L2 networks currently focused on are Optimism, Arbitrum, and zkSync, but others are not excluded.
The governance of the DeGate protocol consists of a two-tier DAO mechanism: Home DAO and Council DAO, of which Home DAO is the direct owner and controller of the DeGate protocol and receives the income generated by the protocol; Council DAO is entrusted by Home DAO and is responsible for the daily Operational decision-making and execution.
DG is the original token of DeGate, with a total of 1 billion, 100% initially owned by Home DAO.
• DeGate was born with a "fair launch" where no one gets free DG tokens.
• Use DG to participate in Home DAO governance, initiate and vote on resolutions.