What are the risks associated with participating in Tomo lending for digital asset holders?

1 answers

• Dec 20, 2021 · 3 years ago
  As an expert in the field, I can assure you that participating in Tomo lending comes with its fair share of risks. While the platform may have security measures in place, such as smart contracts and collateral requirements, there is always a possibility of unforeseen events or vulnerabilities. It's important to stay updated with the latest security practices and be cautious when lending your digital assets. Conducting thorough due diligence on the borrowers, assessing their creditworthiness, and monitoring the market conditions can help mitigate these risks. Remember, always prioritize the security of your assets and only participate in lending activities that you are comfortable with.
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