At present, DeFi has become a “competitive ground for military strategists” in major ecosystems. At the same time, the high returns of DeFi have become a powerful tool to attract retail investors. Although the popularity of the liquid mining sector has dropped recently, there are still many profitable DeFi mining investment products.
From a mining perspective, DeFi lowers the barriers to participation for small investors. With traditional POW mining, investors or miners need to invest in mining machines. At the same time, paying the corresponding electricity bill makes the cost of many industries involved in the pre-mining era extremely high. In the post-mining era, we can completely consider liquid mining led by DeFi as the dominant, and users have gradually become beneficiaries of the core circle of interests.
As we all know, NGK ecology began to lay out the DeFi sector, and the beginning of the ecological sector was to borrow loans.
NGK itself is based on the DPOSS consensus mechanism. Compared with POW’s Ethereum, it carrying capacity and efficiency are higher. Ethereum has the best asset richness and liquidity. In this regard, NGK has a common interface standard similar to the ERC-20 (Ethereum) standard. In terms of asset richness, NGK can import the assets on Ethereum to the chain. At the same time, NGK also supports VM-based smart contracts, so it is more suitable for the layout of DeFi.
Currently NGK has opened the loan agreement Baccarat. Users can use NGK’s native tokens NGK and USDN to borrow and obtain BGV. The difference from other lending agreements is that Baccarat has also reformed the slippage pricing mechanism. Ecological builders can manually adjust the slippage to avoid over-pricing caused by market changes.
Why has BGV become a hot spot for mining? BGV is currently listed on internationally renowned exchanges, and it is a currency with a higher value of a single token. At present, the price of a single BGV token is around US$411.14. Since the opening of $0.5, the price has risen by more than 1634%. The continuous rise of BGV is also one of the main reasons that encouraging investors to mine BGV.
At present, it is very simple to participate in Baccarat liquidity mining because it is not as expensive as Ethereum. Baccarat has extremely low handling fees and any ecological builder can participate. Ecological builders can exchange NGK for USDN on Baccarat, or exchange USDN for NGK. They can also become Baccarat market makers to pledge NGK and USDN to the reserve pool. After completing the liquidity of the savings pool, they would be given a certain handling fee and a proportional new currency coin BGV as reward.
Baccarat’s liquidity mining is more advantageous. The low threshold mining constructed by Baccarat seems to be more attractive to traditional miners. The computing power of traditional POW or POC mining industry is becoming saturated, with fierce competition and high costs and low returns. Therefore, in the post-mining era, Baccarat has gradually become the new favorite of traditional miners.
