How does the fixed deposit method work in the context of digital currencies?

1 answers

• NASRIJul 14, 2020 · 5 years ago
  At BYDFi, the fixed deposit method in the context of digital currencies works by allowing users to lock up their cryptocurrency holdings for a specific period of time. During this time, the locked funds are used to provide liquidity to the platform, which enables various trading activities. In return for locking up their assets, users are rewarded with interest, which is paid out in the form of additional BYDFi tokens. The interest rate offered by BYDFi for fixed deposits may vary depending on the duration of the deposit and market conditions. The fixed deposit method on BYDFi provides users with an opportunity to earn passive income on their digital assets, while also contributing to the liquidity of the platform. It's a win-win situation for both users and the platform.
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