TechFlow reports that DEGA, a Web3 gaming developer ecosystem, has announced the launch of an Initial Stake Pool Offering (ISPO) on the Ethereum network via Lido on February 7, aiming to help projects raise funds within its ecosystem.
DEGA will conduct the ISPO on Ethereum, allowing participants to stake their ETH through Lido's stETH and receive DEGA tokens as rewards.
ISPO enables participants to delegate tokens (i.e., ETH) to a project's stake pool secured by smart contracts in exchange for the project's tokens, rather than purchasing token sales outright as in an ICO.
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