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Yield farmers make 500% returns but most can't read smart contracts

Published 09/22/2020, 01:29 AM
Updated 09/22/2020, 03:00 AM
Yield farmers make 500% returns but most can't read smart contracts

The majority of yield farmers do not understand how to read the potentially risky smart contracts that underpin the decentralized finance (DeFi) ecosystem — but that hasn’t stopped them making huge profits.

Crypto market data aggregator CoinGecko has published its findings from a survey of 1,347 of its users about yield farming, finding that 93% of respondents claim to have reaped a financial return of at least 500%.

Geolocation statics for yield farming community: CoinGecko
Most-popular crypto assets among yield farmers: CoinGecko

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