Mark TenCaten - DEFI Decentralised Finance, DEFI (1)

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DEFI 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.
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Bloomberg.com delivers a great explanation Mone
y 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 cant
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 Bitcointhat its 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 isnt just
recording transactions. Its running lending
platforms, insurers and financial markets with
little human intermediation. Thats DeFi. NGS
Crypto, Australias 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 Australians 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 certifiviation as a
key part of the NGS Crypto Road Map for 2021
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