Crypto yield farming offers handsome returns but comes with high risk
Lending bitcoin and other cryptocurrencies can earn owners annual percentage yields of 2%-6%
17 May 2021 - 16:03
It is not just the outlandish returns that some bitcoiners are bragging about these days. There is also the yield.
At a time when interest rates on conventional bank deposits are pinned to the floor — often below 0.5% — financial technology companies are offering to pay owners of bitcoin and other cryptocurrencies annual percentage yields of 2%-6% and sometimes more. You can deposit your coins with a few taps on one of their smartphone apps...
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