Cryptoknowmics 2022-05-06 12:18:25

Binance Completes the Dego Finance Contract Swap

According to a tweet shared by Binance, BEP20 and ERC20 contracts for Dego Finance have been swapped, and the process is now done. It is now possible to put money into or take money out of Dego Fiance (BEP20 and ERC20). Now that the swap is completed, deposits and withdrawals for the old DEGO smart contract address wouldn’t be supported. The new Dego Finance (ERC20) smart contract address after the Binance swap completion is: 0x3da932456d082cba208feb0b096d49b202bf89c8. Binance Plans to Enable the Dego Finance Contract Swap Binance will allow the BEP20 and ERC20 contract switch by DEGO, with the following timeframe- At 02:00 UTC on 18th April 2022, Binance will prohibit isolated margin lending in the DEGO/BUSD, DEGO/BTC, and DEGO/USDT currencies (UTC). Afterward, it will let DEGO users borrow money again, but it won’t make any more announcements. To prevent further abuse, all ERC-20 and BEP-20 transactions have been halted. The contract switch will take place on 18th April 2022 (UTC). When contracts are swapped, neither spot nor margin trading is impacted. A subsequent statement will be made after the smart contract transition between the ERC20 and BEP20 protocols are finished. DEGO Finance is a system and infrastructure that combines NFT and DeFi. It serves two purposes: The project serves as an open and autonomous NFT ecosystem that attracts people to the blockchain realm. The NFT Suite provides services that cover the whole ...