Imagine depositing your Ethereum, USDT and earning interest on it. Well, this isn’t a pipedream anymore with DeFi in 2020.
Tl;dr: We’re developing nicecash.finance, a profitable instrument that offer users simple solution to maximize DeFi profit without being involved in usual routine. NiceCash operate through smart contracts that allocate your funds across the most profitable DeFi products. Therefore, all the hard work is done by secure and audited smart contracts.
Decentralized finance (DeFi) is a blockchain-based, middlemen-free, permissionless financial infrastructure. DeFi ecosystem includes innovative ways for lending, borrowing, staking, liquidity farming, payments, derivatives, etc. …
When Decentralized Finance (DeFi) gained merely a portion of its current market size last summer, many have believed that the segment is just a niche and that it will fade away. Not even a year later, the market’s valuation increased by at least six times.
Currently standing at $25 billion, DeFi proved itself to be more than just short-term hype. As a matter of fact, we gained insight into the long-term direction of the entire crypto market.
What kind of impact did the crypto bull trend have on DeFi, and what kind of growth can we expect in…
Flash loans — this is the first option for a collateral-free loan in DeFi. Designed for developers flash loans allow you to receive loans instantly without need to provide any collateral as long as liquidity is returned to the pool in a single transaction.
If this is not the case the entire transaction is canceled to cancel the actions performed before that moment. This ensures the safety of funds in the reserve pool.
How to make profit: This is essentially a leveraged arbitration which is only possible with smart contracts. It implies a loan for an unlimited amount…
The entire DeFi ecosystem operates with smart contracts on assets represented as ERC20 tokens. However, some assets are initially tokens of this standard and some assets are not, or are not tokens at all. In this case for an asset to be used in the DeFi ecosystem it must be represented as an ERC20 token. In this case each token should be backed by the original asset at a ratio of 1:1.
The process of generating of such tokens secured by the original asset is called wrapping of the asset, the reverse process is called unwrapping. …
Decentralized Exchanges (DEX)
To exchange one crypto currency for another you can use exchanges such as Coinbase or Binance. Such exchanges are centralized and act as intermediaries and custodians of the traded assets. Users of these exchanges do not have full control over their assets which puts their assets at risk when the exchanges are hacked and cannot repay their liabilities to users.
Decentralized Exchanges (DEX) solve this problem by allowing users to exchange crypto currencies without having to transfer their coins to a custodian. …
What is DeFi
Decentralized finance or DeFi is a movement that allows you to use financial services such as borrowing, lending, and trading without having to rely on centralized organizations. These financial services are provided through decentralized applications (Dapps), most of which are deployed on the Ethereum platform. DeFi has become a key topic for Ethereum development between 2019 and 2020. At the moment more than $10 billion in cryptographic currency is in decentralized financial applications.
Methods of earning in the system of decentralized finance
With such rapid development it would be impossible to cover in this article all that…
DeFi did a rapid growth in recent year, from a small crypto niche to a full-fledged industry.
Mostly built on the Ethereum blockchain network, decentralized finance (DeFi) offers middlemen free financial services. Be it crypto lending, borrowing, staking, farming. DeFi covers them all.
However, with the rapid increase in the DeFi landscape, you have to choose from thousands of products. Not to mention there always will be several fraudulent players on the market.
So, if you wish to invest in the DeFi products, without being involved in the hassle, we have something for you.
Introducing NiceCash nVaults, an automated tool…
Yes, that’s right, you can multiply your NCT!
NCT nVault gives 55% APY in NCT. Staking will last until the Staking Reward Pool is empty. Staking Reward Pool of 10,000,000 NCT will be used to pay interest for token holders who stake their tokens into NCT nVault.
Furthermore, NCT nVault rewards will be doubled at it’s launch ;)
Detailed guide here:
If you haven’t done it yet, detailed guide here:
Initially, there can be only 100,000,000 NCT tokens. 20% of NiceCash profits will be used for the automatic “Buyback and Burn” program from day 1. This deflationary model will provide stability to NCT tokens while ensuring their value increases over time. …
Maximize your DeFi profit by providing your liquidity to NiceCash Vaults.Each Vault is a unique smart-contract that automatically switches liquidity to the most profitable DeFi instrument without exceeding given risk level.
NCT — a native token of NiceCash — is an ERC20 token that unites all the parts of NiceCash Finance.
Detailed guide here: