How does the lending process work for digital assets in the cryptocurrency industry?
Nehal NaiduNov 15, 2022 · 3 years ago1 answers
Can you explain in detail how the lending process works for digital assets in the cryptocurrency industry? I'm interested in understanding the steps involved and how it differs from traditional lending.
1 answers
- Hasan Ghasabi-OskoeiNov 06, 2023 · 2 years agoAt 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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