60% Crypto Yields Are Back for Those in the DeFi Loop

Borrow, lend, borrow, lend  — lather, rinse, repeat.

Illustration: Carolina Moscoso

In this edition of the Bloomberg Crypto newsletter, Michael P. Regan discovers a place in DeFi where eye-popping yields continue to proliferate:

There’s a line in a recent newsletter from The Defiant that is nothing less than jaw-dropping: “Featured Yields: Up to 60% APR on Stablecoins, 61% APR on ETH.”