Memory is proving to be extremely short in the world of cryptocurrencies as trading platforms are once again offering returns of 70% and above through the resurgence of the investment strategy known as yield farming-bsp-bb -link>.
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 as a way out to boost trading activity after months of stagnation. Terra, once the most ambitious experiment in the DeFi space, had promised nearly 20% returns in its protocol for investors who deposited funds.
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