How the NGK DeFi protocol escorted Baccarat
This summer, DeFi has set off a frenzy in the capital market and has successfully become the focus. And it is no longer a secret that DeFi can create real economic value. According to statistics, the current lock-up amount in the DeFi market has reached billions of dollars and more than hundreds of millions of dollars are surging in the DeFi market every day.
However, few people know that it is the DeFi protocol that escorts the DeFi project and enables DeFi to create value. For a good DeFi project, there must be a complete DeFi protocol to support it to make it stand out from the competition. Among them, the NGK DeFi protocol is the leader among many DeFi protocols to escort Baccarat.
The DeFi protocol can be simply understood as a coordination mechanism that defines rules and provides incentives to promote financial activities. The NGK DeFi protocol uses crowdsourcing to raise assets from the community and inject these assets into Baccarat. Users provide their capital to the protocol in exchange for value streams, whether they are inherent to the system. BGV tokens are also fees paid by stable currencies USDN and NGK tokens outside the system. In addition, the value created by the NGK DeFi agreement for investors depends on how the agreement effectively uses its balance sheet to create profits.
The NGK DeFi protocol can also be understood in this way, but unlike banks, the NGK DeFi protocol is decentralized and has no third parties to guide these financial activities. The NGK DeFi protocol mainly relies on the enforcement of smart contracts on the NGK public chain to facilitate investors to conduct Baccarat mining and resolve disputes that arise and become the coordinator of Baccarat.
According to the NGK DeFi agreement, it can be understood that the key stakeholders mainly include market makers LP, community managers, developers and exchangers. Although these groups exist separately, they are not mutually exclusive, and the NGK DeFi agreement uses incentives to achieve consensus.
The NGK DeFi protocol has attracted many investors to actively participate in Baccarat by allowing market makers to pledge tokens, retaining fee income, and providing new currency rewards, thereby enhancing Baccarat’s liquidity. At the same time, in order to allow many investors to stay in Baccarat completely, the NGK DeFi protocol is decentralized, so that the data cannot be tampered with to ensure the security of users’ assets.
In the future, Baccarat will attract the attention of more investors and this is inseparable from the balance sheet constructed for the community by the NGK DeFi agreement, and also the rules and incentive mechanisms developed for Baccarat. It can be said responsibly that the NGK DeFi protocol has truly become the guardian of Baccarat through continuous improvement.