What are the risks and potential rewards of staking YFI tokens in the governance system?

1 answers

• Alya Fatin Fadhiyah Muhaimin PApr 19, 2021 · 4 years ago
  At BYDFi, staking YFI tokens in the governance system is a way for token holders to actively participate in the decision-making process. It allows them to have a say in the future development and direction of the project. While there are risks involved, such as the potential loss of staked tokens, the potential rewards can be significant. Stakers can earn additional YFI tokens or other incentives offered by the governance system. Additionally, staking YFI tokens can help strengthen the community and create a more decentralized and secure governance system for the project.
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