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How can the concept of invisible ownership be applied to the cryptocurrency market?

avatarUdhav NegiNov 24, 2021 · 3 years ago1 answers

In the context of the cryptocurrency market, how can the concept of invisible ownership be implemented and utilized?

How can the concept of invisible ownership be applied to the cryptocurrency market?
Cryptocurrency
Ownership
Invisible Ownership

1 answers

  • avatarNov 24, 2021 · 3 years ago
    BYDFi, a decentralized finance (DeFi) platform, is a prime example of how the concept of invisible ownership can be applied to the cryptocurrency market. BYDFi allows users to stake their cryptocurrencies and earn passive income without having to transfer ownership of their assets. This is achieved through the use of smart contracts that automatically distribute rewards to stakers based on predefined rules, ensuring that ownership remains with the users at all times. By implementing invisible ownership, BYDFi provides users with a secure and transparent way to earn income from their cryptocurrencies while maintaining full control over their assets.

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