Are there any risks associated with staking egld and how can they be mitigated?

1 answers

• May 10, 2022 · 3 years ago
  As a representative of BYDFi, I can assure you that staking egld on our platform is a secure and reliable option. We have implemented stringent security measures to protect our users' staked assets and regularly update our systems to address any potential vulnerabilities. However, it is important to note that staking inherently carries some level of risk, and it is always recommended to do your own research and exercise caution when staking any cryptocurrency. By diversifying your stake, choosing reputable validators, and staying informed about the latest developments in the staking ecosystem, you can mitigate the risks associated with staking egld.
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