Dec 9, 2020
Public chain empowers DeFi and NGK is ready to go
Most of the current DeFi projects are mostly based on the Ethereum network. There are currently about 250 DeFi products on the market, of which Ethereum owns about 200. The importance of the Ethereum network to the DeFi ecosystem is self-evident. However, in contrast, the Ethereum network has become more congested and slower.
Through the observation data of the Ethereum browser, we can see that during the DeFi period, the gas fee of Ethereum is currently at 85Gwei, and the highest was close to 500Gwei. As a result, some organizations suggest that the cost of operations on Ethereum should be 511.86Gwei and above.
The high handling fee had led the number of mines mined by the player not enough to deduct the handling fee of Ethereum. Perhaps of the shortcomings of Ethereum or the high standing of DeFi, many teams in the industry, including exchanges and public chain projects, have started their exploration of DeFi.
In order to solve the high-performance problem of DeFi financial attributes, NGK supplemented the application layer ecology and upgraded the system in frequent time. NGK encapsulates and packages the underlying code of DeFi with DeFi as the demand for decentralization, and calls native modules through input parameters by opening this permission to users so that they can deploy their own DeFi products. Through the transformation of the DeFi form, it can serve financial services with different needs.
Based on this, NGK launched the DeFi decentralized financial transaction system to complete the first liquid mining platform built by the platform blockchain. Baccarat provides users with a very safe and reliable decentralized exchange. It runs through a decentralized transaction protocol without any trust cost. The market maker provides two equivalent tokens at the current price. Exchangers can quickly flash through the reserve pool, and this type of transaction is timely. The transaction fee will be used as a return to the liquidity provider to drive the flexibility of the transaction and achieve the lock-in of the overall value.
The newly launched NGK DeFi project is leading the way in DPOSS technology, which reduces transaction latency and transaction fuel costs and will create more transaction pairs. Users can freely choose their favorite currencies to participate in NGK decentralized finance. DeFi will be promoted as an important part of the NGK blockchain.
