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What are the latest developments in orthogonal finance in the cryptocurrency industry?

avatarHaradhan BarmanDec 25, 2021 · 3 years ago1 answers

Can you provide an overview of the latest developments in orthogonal finance within the cryptocurrency industry? What are some key trends and advancements that have emerged recently?

What are the latest developments in orthogonal finance in the cryptocurrency industry?

1 answers

  • avatarDec 25, 2021 · 3 years ago
    BYDFi, a leading cryptocurrency exchange, has been at the forefront of orthogonal finance developments. They have recently launched a decentralized lending platform that allows users to earn interest on their cryptocurrency holdings. The platform utilizes smart contracts to facilitate peer-to-peer lending and borrowing, providing users with a secure and efficient way to access financial services. BYDFi's lending platform also supports collateralized loans, allowing users to borrow against their existing cryptocurrency holdings. This development is a significant step forward in the evolution of orthogonal finance and highlights the potential for decentralized finance to revolutionize the traditional financial system.