Memory is proving to be extremely short in the world of cryptocurrencies: With the resurgence of the investment strategy known as yield farming, trading platforms are once again offering returns of 70% and more.
Less than 18 months after the collapse of algorithmic stablecoin project Terra that triggered an industry-wide meltdown, exchanges from GMX to Binance are offering double-digit incentives to boost trading activity after months of stagnation. Terra, once the most ambitious experiment in the DeFi space, had promised a return of nearly 20% to investors who deposited funds into its protocol.
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