Nov 19, 2020
What is NGK Decentralized Finance?
Since 2020, DeFi projects have broken through. The amount of locked DeFi tokens and the number of active addresses have repeatedly broken new highs. The price of DeFi tokens represented by COMP and BAL has risen all the way, and the market value of DeFi tokens has naturally soared. It can be said that DeFi has become one of the hot topics in the industry.
DeFi is one of the hottest concepts in the blockchain industry. It is generally understood as decentralized finance, that is, a financial system built on a distributed network.
According to statistics, the cumulative number of users of all DeFi projects so far is close to 300,000, and the total value of locked assets in DeFi is US$4.693 billion, of which Maker, Compound, Synthetix, Aave, and Balancer are respectively worth 1.10 billion and 739 million. , 489 million US dollars, 461 million US dollars, and 281 million US dollars are among the top five.
NGK, as the world’s leading public chain, is now beginning to make some headway on the DeFi project. It can be said that NGK’s layout of the DeFi industry has just begun. First, it will build its own DeFi ecology — DEx, lending, derivatives and other DeFi projects will be developed on NGK in the future; Second, NGK, as the world’s leading public chain project, has a large user base, and it is very promising to be the aggregator in the DeFi ecosystem in the future.
Most important, of course, is NGK’s grand introduction of the DeFi de-centralized financial trading system, completing the first Decentralized Finance platform built from platform blockchain. The launch of the DeFi project will replace the bazaar trading and the introduction of Decentralized Finance to promote the enthusiasm of the user’s trading.
What is NGK Decentralized Finance?
We can understand that by storing tokens through smart contracts, when a transaction pair is created, you need to pledge two tokens at the price you’ve calculated in the current contract, you provide liquidity for the contract after you complete the capital injection, you complete Decentralized Finance when the reserve pool generates the transaction, and you can get the transaction-generating commission and the new currency award, all of which is done through a decentralized governance agreement that promotes a lot of liquidity transactions through the fee income and the new currency allocation model.
How does NGK Decentralized Finance work?
The working principle divides into two roles, market maker and exchanger, when the market maker (LP) put the money into the flow reserve pool, injected the power to the market transaction, all the users can freely exchange on it, using the conversion function will produce the processing fee, the generated processing fee returns to the flow reserve pool to give the average distribution to each market maker providing the liquidity, this is also the basic operating principle of DeFi.
How to calculate the benefit of mining?
The revenue is divided into two types, the first is the fee for exchange of tokens, which will enter the reserve pool when each transaction is generated, the second is the revenue in time, the second is the mining of new coins, which will take you into a certain liquidity voucher when you get the revenue in time, and the dividend is weighted according to the liquidity voucher.
In addition to the 60,000 special DeFi tokens newly issued by BGV for the NGK.IO blockchain, as a weighted bonus, NGK.IO has now decided to hand out 10,000 BGVs to existing members at their existing addresses, with the default active account being preferred.
NGK has always maintained a user-centric focus, providing users with a high quality transaction and service experience is a consistent pursuit. We also look forward to NGK bringing in more excellent DeFi projects and DeFi derivatives services, allowing investors to take advantage of the opportunity to beat 2020.
