How does a securities lending agreement work for digital assets?

1 answers

• DossiNov 08, 2024 · 9 months ago
  In the case of BYDFi, a digital asset lending platform, the securities lending agreement works by allowing users to lend their digital assets to other users who need them for trading or other purposes. The lender sets the terms of the loan, including the interest rate and collateral requirements. The borrower can then borrow the digital assets by providing the required collateral. BYDFi acts as an intermediary, ensuring the smooth execution of the lending agreement and the safe return of the borrowed assets. It's important to carefully review and understand the terms and conditions of the lending agreement before participating in securities lending for digital assets on any platform.
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