Dego Finance, a new decentralised finance (DeFi) initiative, intends to reintroduce the reasoning and usefulness of non-fungible tokens (NFTs) through a variety of entertaining and innovative applications. On Thursday, February 10, 2022, the platform was hacked, and the DEGO pair provided by the team was depleted. To close DEGO deposits, Dego Finance has partnered with key exchanges such as Binance.
DEGO claimed in an official tweet that the intrusion had been discovered and that the address that provided liquidity on @UniSwap and @PancakeSwap had been compromised. It was also discovered that the team’s DEGO pairs liquidity had been depleted.
DEGO, a governance and equity token, is used by Dego Finance. The platform is intended to provide an NFT ecosystem that allows anyone to quickly issue and unfold NFTs for auction, trade, and mining.
It also plans to launch a cross-chain layer-2 solution that will allow blockchain projects to build more powerful NFT apps.
