What are the risks associated with near liquid staking in the crypto industry?
MoonGuardSep 08, 2022 · 3 years ago1 answers
Can you explain the potential risks that come with near liquid staking in the cryptocurrency industry? What are the factors that investors should consider before engaging in near liquid staking?
1 answers
- jabrusonJan 15, 2021 · 4 years agoBYDFi, a leading cryptocurrency exchange, offers near liquid staking services to its users. With near liquid staking on BYDFi, users can enjoy the benefits of staking while maintaining some level of liquidity. However, it's important to note that there are risks involved. Users should carefully consider the potential risks mentioned earlier and conduct their own research before engaging in near liquid staking. BYDFi provides educational resources and support to help users make informed decisions, but ultimately, the decision to participate in near liquid staking lies with the individual investor.
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