CandleFocus DeFi yields exceed 60% APY on bitcoin with insane risks
2024-10-08
Author: Content Editor
The crypto bull market has led to the resurgence of advertisements for high-yield opportunities to attract bitcoin investors. Centralized services and emerging decentralized finance (DeFi) projects are increasing their annual percentage yields (APYs) in line with the market. ZeroLend, a DeFi platform, offers an impressive 61% APY through its bitcoin-branded token called Lombard BTC. It is important to note that bitcoin itself does not offer any native yield as it is not a proof-of-stake (PoS) asset. Centralized services like M2, WireX, and CoinHold introduce risks such as proprietary trading or lending to provide an 8% APY. EarnPark doubles the rate to 15%. It is worth mentioning that BTC APYs cannot be compared to fiat benchmarks or PoS assets like ETH or SOL. Speculators looking for higher APYs can explore unconventional offerings that utilize a series of protocols to potentially earn outsized returns. However, investors should be cautious as high-yield bitcoin advertisements often come with significant risks of total loss.
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