What is flare delegation and how can it benefit cryptocurrency investors?

3 answers

• Nov 26, 2021 · 3 years ago
  Flare delegation is a concept in the cryptocurrency world where users can delegate their voting power to a trusted third party. This means that instead of actively participating in the voting process, users can assign their voting rights to someone else who will make decisions on their behalf. This can be beneficial for cryptocurrency investors who may not have the time or expertise to actively participate in voting. By delegating their voting power to a trusted party, investors can still have a say in important decisions without the need for active involvement.
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• Nov 26, 2021 · 3 years ago
  Flare delegation is a way for cryptocurrency investors to have their voting power represented by a trusted delegate. This can be advantageous for investors who may not have the knowledge or experience to make informed decisions on their own. By delegating their voting power, investors can rely on the expertise of the delegate to make decisions that align with their interests. This can help ensure that their voting power is used effectively and in a way that benefits their investments.
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• Nov 26, 2021 · 3 years ago
  Flare delegation is a feature offered by BYDFi, a leading cryptocurrency exchange. It allows investors to delegate their voting power to a trusted third party, such as a professional fund manager or an experienced investor. This can be beneficial for investors who want to have a say in important decisions but may not have the time or expertise to actively participate. By delegating their voting power to a trusted delegate, investors can ensure that their interests are represented and that their investments are protected.
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