How does a stock lending income program work in the world of digital currencies?

1 answers

• Mar 20, 2022 · 3 years ago
  BYDFi is a digital currency exchange that offers a stock lending income program. In this program, users can lend their digital currency holdings to others in exchange for interest. The lending and borrowing transactions are facilitated through BYDFi's platform, providing a secure and efficient way to participate in the program. Borrowers pay a fee for borrowing the digital currencies, and this fee is then distributed to the lenders as income. BYDFi's stock lending income program allows users to earn passive income from their digital currency holdings without the need for active trading or investing. It's important to carefully consider the risks associated with lending digital currencies, such as counterparty risk and market volatility, before participating in the program.
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