Latest DeFi Developments

Latest DeFi Developments

A $90 billion DeFi program known as SushiSwap has been likened to the “Wall Street” on the Internet.

SushiSwap, which was developed in 2020 is a DeFi program whereby you can “Swap, earn, stack yields, lend, borrow, leverage all on one decentralized, community driven platform.”

SushiSwap works in the way of an exchange, allowing traders to swap digital assets in a decentralised way.

Decentralised Finance, DEFI, is a “new way to execute financial transactions through applications.” DEFI essentially eliminates the need of a traditional financial institution, such as the banks, and intermediaries by exercising the Blockchain.

Blockchain is a “network software protocol that enables the secure transfer of money, assets, and information via the Internet, without the need for a third party intermediary such as a bank.” Melanie Swan, Anticipating the Economic Benefits of Blockchain.

Bloomberg.com delivers a great explanation;

“Money manager Vladimir Vishnevskiy can earn a negative interest rate for holding a European government bond. Or he can pocket the annual equivalent of a 20% yield for locking money up in one of the wilder corners of the crypto market, known as decentralized finance, or DeFi.

He decided to go for the 20%. “You can’t get those yields in the traditional space,” says the co-founder of Swiss-based St. Gotthard Fund Management, which runs a portfolio designed to squeeze income out of crypto assets. The strategy is so new that even Wall Street pros may have trouble wrapping their heads around it. Take what you might know about Bitcoin—that it’s a digital currency that exists only on an online ledger governed by computer code. Now make it even more mind-bending, and imagine the code isn’t just recording transactions. It’s running lending platforms, insurers and financial markets with little human intermediation. That’s DeFi.”

Australian Company Spearheads State of the Art DeFi Operations

NGS Crypto, Australia’s leading digital asset mining specialists have recently announced that they will soon be expanding their operations to include an exchange/wallet.

Currently, NGS Crypto helps hundreds of Australian’s safely enter into the digital asset mining market, without the risk that comes with trading.

NGS Crypto is at the forefront of bringing Blockchain technology and DeFi options to the Australian people.

“NGS Crypto is developing a multi-blockchain cryptocurrency exchange/wallet, which will allow all NGS Members to conveniently buy, sell and swap all mined Bitcoin (BTC), without the need to leave the NGS Crypto ecosystem.

NGS Crypto Australia views DeFi and digital asset mining as the future of Finance, with members currently taking home returns in excess of 100% per year for the last 3 years running.

On the other hand, we see further regulation in the cryptocurrency space as a positive for the market as digital assets and cryptocurrencies go mainstream over the next ten years.

NGS Crypto Australia is currently in the process of receiving Austrac certification as a key part of the NGS Crypto Road Map for 2021

 

Our core focus for 2022 – 2023 will be set on delivering further value and options in the digital asset mining space.

As we get closer to 2022 NGS Crypto will release it’s official Road Map for 2022 – 2023.” – Mark TenCaten, CEO, NGS Crypto

Currently NGS Crypto offers digital asset mining packages, whereby a fixed rate return is paid out daily in BTC over a fixed amount of time.

Contact their team of specialists today to enter into the digital asset mining space risk free.