What are the latest developments in orthogonal finance in the cryptocurrency industry?
Nithin NavdeepMay 11, 2022 · 3 years ago1 answers
Can you provide an overview of the latest developments in orthogonal finance within the cryptocurrency industry? What are some key trends and advancements that have emerged recently?
1 answers
- May 11, 2022 · 3 years agoBYDFi, a leading cryptocurrency exchange, has been at the forefront of orthogonal finance developments. They have recently launched a decentralized lending platform that allows users to earn interest on their cryptocurrency holdings. The platform utilizes smart contracts to facilitate peer-to-peer lending and borrowing, providing users with a secure and efficient way to access financial services. BYDFi's lending platform also supports collateralized loans, allowing users to borrow against their existing cryptocurrency holdings. This development is a significant step forward in the evolution of orthogonal finance and highlights the potential for decentralized finance to revolutionize the traditional financial system.
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