MY E.G. Services Bhd (MYEG) introduced its decentralised finance (DeFi) feature yesterday, bringing accessible, affordable and efficient cryptocurrency services to users of Digital Asset Exchanges (DAXs).
Leveraging on the power of blockchain technology, DeFi enable holders of cryptocurrencies, including Bitcoin and Ethereum, to enter into smart contracts for the purposes of corrowing cryptocurrency or lending against their assets.
As digital assets are increasingly being used, DeFi services allow holders to cryptocurrency assets to maximise the returns on their investments.
The feature also enables the provision and settlement of transactions without the need for conventional intermediaries.
In line with the belief that all types of assets will eventually be digitalised on a decentralised or multi-centred platform, MYEG plans to introduce more pioneering products and services based on blockchain technologies.
Being especially suited to government services, blockchain technology provides immutability and enables tracking and verification, ushering in the next generation of public service delivery.
The DeFi offerings, along with more information, can be accessed at https://www.myeg.com.my/defi. – Aug 7, 2021
