How can investors protect their assets during a crypto fallout?

1 answers

• Dec 27, 2021 · 3 years ago
  At BYDFi, we believe that one of the best ways for investors to protect their assets during a crypto fallout is by utilizing decentralized finance (DeFi) platforms. DeFi platforms offer various financial services, such as lending, borrowing, and trading, without the need for intermediaries like traditional banks. By utilizing DeFi platforms, investors can diversify their holdings across different protocols and earn passive income through yield farming or liquidity provision. Additionally, DeFi platforms often have built-in risk management features, such as collateralization and smart contract audits, which can help mitigate potential risks. However, it's important to do thorough research and understand the risks associated with each DeFi protocol before investing or participating in any activities.
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