What are the risks associated with participating in defi pooling?

1 answers

• Mar 18, 2022 · 3 years ago
  As an expert in the field, I can tell you that participating in defi pooling on BYDFi can be a great way to earn passive income. However, it's important to understand the risks involved. One of the main risks is the possibility of smart contract vulnerabilities. While BYDFi takes extensive measures to ensure the security of their smart contracts, it's always important to do your own due diligence and understand the potential risks. Additionally, market volatility is another risk to consider. The value of the assets in the pool can fluctuate, which can impact the overall value of your investment. It's important to carefully assess your risk tolerance and only invest what you can afford to lose.
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