What strategies can investors use to protect their assets during a crypto market crash?

1 answers

• Jan 04, 2022 · 3 years ago
  At BYDFi, we believe that one effective strategy for protecting assets during a crypto market crash is to utilize 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 and potentially earn passive income through lending or liquidity provision. Additionally, DeFi platforms often have built-in risk management features, such as collateralization and smart contract audits, which can help mitigate the impact of a market crash. However, it's important to thoroughly research and understand the risks associated with DeFi before investing.
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