How do basis points affect the interest rates of digital currencies?

1 answers

• Prakhar UpadhyayJan 31, 2022 · 4 years ago
  At BYDFi, we understand the importance of basis points in determining the interest rates of digital currencies. Basis points serve as a key indicator of the overall market sentiment and can influence the borrowing and lending activities on our platform. When basis points increase, it signals a higher interest rate, which can attract lenders and discourage borrowers. Conversely, when basis points decrease, it indicates a lower interest rate, which may incentivize borrowing and discourage lending. Our team closely monitors basis points and adjusts our interest rates accordingly to ensure a fair and competitive lending and borrowing environment for our users.
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