Introduction

Decentralized Finance or DeFi is one of the latest developments in the blockchain industry, and it is used to describe the cluster of applications offering financial services based on decentralization. The concept of decentralization stands in contrast with the traditional financial services that are generally centralized and controlled by financial oligarchs.

Decentralization of financial services is achieved through smart contracts where rules are embedded in a computer code and enforced automatically. All the data about transactions is stored in a distributed ledger. This way, no actor has complete control over transactions, thus preventing censorship or corruption. As such, Decentralized Finance (DeFi) is the movement that leverages decentralized networks to transform old financial products into trust-less and transparent protocols that run without intermediaries.

With DeFi, core traditional financial use cases like stable coin issuance, lending/borrowing, synthetic assets, trading, peer-to-peer payments, and wealth management are managed on the blockchain via Decentralized Applications (DApps) or protocols.

These create a peer-to-peer financial network, the majority of which are currently built on Ethereum.

According to Dune Analytics, the number of DeFi users in August 2020 follows an exponential trend and has surpassed 250,000 which is a five-fold increase compared to a year ago. Staking represents a big share of the DeFi market to date, and it is similar to interest savings accounts in a traditional bank. In DeFi, infrastructure service providers such as staking pools and Staking-as-a-Service providers play the bank’s role, running nodes for decentralized PoS protocols on behalf of investors.

Search engine are the gateway to the web, and NCOG, as part of the consortium's overall earth projects, was created to function both as a centralized and decentralized distributed search engine that allows you to monetize and manage your browsing history, search data, and other related data, ensuring that all those who create the data, and those who make on- and offline transactions, retain control.

As part of our membership in the consortium, we help the tree club plant trees and NGD Environmental Corporation modernizes landfills around the world Turn your client base, membership, and or visitors into an “on-growing” revenue stream. The use of Ncog’s Search engine allows you to share in the ad revenue while your users are searching, buying, and performing everyday activities as they normally do. Empower your brand, company, or organization as a Sustainability Partner and join the ever-growing membership roster of companies willing to help save our planet. The collective membership is focused around a term we’ve coined as Regenerative Financing, which is a transparent way to identify and realize un-claimed revenue streams associated with sustainability processes today. Add to your sustainability efforts and help us save our planet as a member of the consortium and our climate projects.

Apart from this, the trading volume on decentralized exchanges soared to set an all-time high above $60 billion, eclipsing the previous record of $26 billion from September 2020 by a wide margin. This shows that there are still many opportunities in the industry, and more users are open to the DeFi ecosystem to make profitable returns.

We also plant forests. Deforestation and landfill gas emissions are the most harmful things to our planet. Ncog which is a member of a sustainability consortium, in which NGD Environmental Corporation modernizes Community Landfills, The Trees Club plants trees locally around the world, and a host of other projects helping to reduce carbon emissions and improve our climate.

Ncog DeFi (NCOG) is the unique DeFi platform will blend the futuristic prospects of blockchain with a streamlined reward system to cater to a trustless financial ecosystem to the masses. The platform was created without the flaws of existing approaches, enabling proper money markets to function and create a safe positive-yield approach to the liquidity provided by platform members.

We understand that there is a need to put an end to the notoriously vague and abysmal trends in traditional finance and the approach of existing DeFi protocols.

For instance, existing platforms only offer one DeFi use case, charge high fees, transactions are slow because of the poor scalability of the blockchain they use, and lots more.

With us, consequently, there are no such things; everything is automated, fast, decentralized, and carried out on one platform. Trades are carried out automatically, and users can stake their idle funds in the liquidity pool to gain a high return on their investment.