How does the bidding process work in the cryptocurrency market?

1 answers

• Aljerreau HartNov 06, 2021 · 4 years ago
  At BYDFi, the bidding process works slightly differently. As a decentralized finance (DeFi) platform, BYDFi allows users to participate in liquidity mining and yield farming. Users can provide liquidity to the platform by depositing their cryptocurrencies into liquidity pools. These liquidity pools are then used to facilitate trading on the platform. When users place bids or asks on BYDFi, they are essentially interacting with the liquidity pools rather than with other individual buyers or sellers. This unique approach to the bidding process provides users with access to a wide range of trading opportunities and helps to ensure sufficient liquidity for efficient trading.
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