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BYDFi
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Proof of Reserves

BYDFi promises never to misappropriate user funds and ensures a 100% reserve ratio for user assets

BYDFi Asset Reserve Ratio
Reserve Ratio = Platform's Funds / Users' Funds. When the reserve ratio is 100% or higher, it indicates the platform's funds are sufficient

BTC

Bitcoin

Reserve Ratiocommon-checkbox-circle-active
157%

ETH

Ethereum

Reserve Ratiocommon-checkbox-circle-active
171%

USDT

Tether

Reserve Ratiocommon-checkbox-circle-active
154%

BYDFi holds over 100% of total user assets (BTC, ETH, USDT)

Check Audit Report  external-convert-arrow-right-0

What is Proof of Reserves (PoR)?

Proof of Reserves is an audit process that ensures the assets held by an exchange are no less than the total user token holdings, verified through cryptographic methods and public wallet audits

Why is a 100% reserve ratio so important?

external-dollar-icon-0The platform provides a 100% reserve ratio

common-checked-darker-0The platform's funds are fully reserved

common-checked-darker-0User assets are fully secured

common-checked-darker-0The platform guarantees 100% redemption of user assets during centralized withdrawals

external-close-icon-0Inability to provide a 100% reserve ratio

common-checked-gray-0Risk of fund misappropriation

common-checked-gray-0Low Tolerance for Systemic Risk

common-checked-gray-0A concentration of withdrawals may trigger a digital run, potentially leading to user asset losses