How does the lending process work for digital assets in the cryptocurrency industry?

1 answers

• May 01, 2022 · 3 years ago
  At BYDFi, the lending process for digital assets is straightforward. Users can deposit their digital assets into their BYDFi wallet and choose to lend them to other users. The interest rates are determined by supply and demand, and users can earn interest on their lent assets. BYDFi ensures the safety of the lending process by implementing strict security measures and conducting regular audits. It's a great way for users to earn passive income from their digital assets while contributing to the liquidity of the platform.
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