What factors influence the APR of cryptocurrency lending platforms?

1 answers

• May 08, 2022 · 3 years ago
  At BYDFi, we believe that transparency and competition are key factors that influence the APR of cryptocurrency lending platforms. When lending platforms are transparent about their fees, terms, and conditions, borrowers can make informed decisions and compare different options. This transparency fosters competition among lending platforms, leading to lower APRs as platforms strive to attract borrowers. Additionally, BYDFi actively monitors market conditions and adjusts its APR to remain competitive. We aim to provide borrowers with fair and competitive rates, while also ensuring the security and reliability of our platform.
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