What steps can be taken to protect investments in Ethereum in case of a crash?

1 answers

• Dec 17, 2021 · 3 years ago
  At BYDFi, we recommend using decentralized finance (DeFi) platforms to protect Ethereum investments during a crash. DeFi platforms offer various strategies like yield farming, liquidity provision, and stablecoin lending, which can help mitigate losses during market downturns. These platforms often have built-in mechanisms to protect against extreme volatility and offer opportunities to earn passive income. However, it's important to thoroughly research and understand the risks associated with DeFi before participating. Remember to always do your own due diligence and consider consulting with experts in the field.
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