70% DeFi Yields Are Back With Crypto Embracing Leverage Again

70% DeFi Yields Are Back With Crypto Embracing Leverage Again

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Nov. 8, 2023, 7:16 PM UTC

By Muyao Shen

Muyao Shen

Muyao Shen

Bloomberg News

Memories are proving to be extremely short in the -bsp-bb-link state=”{“bbHref”:”bbg://screens/CRYP”,”_id”:”0000018b-b0c9-d992-a1df-b4ffa1cd0000″,”_type”:”0000016b-944a-dc2b-ab6b-d57ba1cc0000″}”>crypto world, with returns of 70% and higher being offered once again by trading platforms through the re-emergence of the investment strategy known as -bsp-bb-link state=”{“bbDocId”:”QZ4V56DWRGG2″,”_id”:”0000018b-b0c9-d992-a1df-b4ffa1cd0001″,”_type”:”0000016b-944a-dc2b-ab6b-d57ba1cc0000″}”>yield farming.

Less than 18 months after the collapse of the -bsp-bb-link state=”{“bbDocId”:”RTNYOXT0G1KX”,”_id”:”0000018b-b0c9-d992-a1df-b4ffa1cf0000″,”_type”:”0000016b-944a-dc2b-ab6b-d57ba1cc0000″}”>Terra algorithmic stablecoin project that triggered an industry-wide meltdown, exchanges ranging from GMX to -bsp-bb-link state=”{“bbHref”:”bbg://securities/1624796D%20CH%20Equity”,”_id”:”0000018b-b0c9-d992-a1df-b4ffa1cf0001″,”_type”:”0000016b-944a-dc2b-ab6b-d57ba1cc0000″}”>Binance are offering double-digit incentives as a way to jumpstart trading activity after months of stagnation. Terra, once the most ambitious experiment in -bsp-bb-link state=”{“bbHref”:”bbg://news/topics/DEFI”,”_id”:”0000018b-b0c9-d992-a1df-b4ffa1cf0002″,”_type”:”0000016b-944a-dc2b-ab6b-d57ba1cc0000″}”>DeFi, had promised nearly 20% returns to investors who deposited funds in its protocol.

“It’s always gonna …

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