How do we work with crypto volatility in DeFi?
Asked 3 years ago
What would be the best way to manage and safeguard against a volatile crypto market in decentralized finance? Can I still use stop-loss, orders etc.?
Karl Snider
Wednesday, March 23, 2022
You can manage and safeguard against a volatile crypto market in DeFi by:
Using automated smart contracts to minimize losses during a bear market and capitalize maximally on bulls.
Leveraging tools such as the DeFi Pulse Index (DPI) to diversify your investment exposure. Such tools will help you to build a safe, secure, and reliable investment portfolio without the hassle of checking various decentralized exchanges or trading across marketplaces.
Using DeFi 2.0 lending protocols to borrow under-collateralized loans. These protocols will allow you to apply for crypto loans using their credit scores instead of collaterals.
Leveraging hedge contracts like the Whiteheart to insure the value of your assets and enjoy smart contract automation services.
Using DeFi aggregators to compile and show prices across various marketplaces and leverage multiple trading strategies to maximize profits and avoid high transaction charges.
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