Non-tech-savvy yield farmers make 500 per cent ROI 

						Array
(
    [conclusion] => Array
        (
            [0] => 
        )

    [post_sponsor_aff_link] => Array
        (
            [0] => 
        )

    [casino_url] => Array
        (
            [0] => 
        )

    [casino_street_address] => Array
        (
            [0] => 
        )

    [casino_post_code] => Array
        (
            [0] => 
        )

    [year_founded] => Array
        (
            [0] => 
        )

    [withdrawal_limit] => Array
        (
            [0] => 
        )

    [reviewrating] => Array
        (
            [0] => 
        )

    [bestrating] => Array
        (
            [0] => 
        )

    [cgn_score] => Array
        (
            [0] => 
        )

    [casino_key_feature_1] => Array
        (
            [0] => 
        )

    [casino_key_feature_2] => Array
        (
            [0] => 
        )

    [casino_key_feature_3] => Array
        (
            [0] => 
        )

    [bonus_text_top] => Array
        (
            [0] => 
        )

    [bonus_text_bottom] => Array
        (
            [0] => 
        )

    [casino_review_reference] => Array
        (
            [0] => 
        )

    [_wp_page_template] => Array
        (
            [0] => default
        )

    [ppma_authors_name] => Array
        (
            [0] => David
        )

)

Updated September 21, 2022 | Published September 22, 2020

2 mins read

According to a new CoinGecko study, the majority of yield farmers are actually oblivious of the technology that underpins the decentralized finance (DeFi) ecosystem.

A survey questioned 1,347 consumers with 93 per cent of respondents claiming to have made a 500 per cent ROI. 

Around half of all users are farming with a modest budget of $1,000 or less.

The rather restricted scope of one such budget has brought up concerns about gas prices that have been climbing up continuously, making it harder for some consumers to transact at net gain. 

Some 68 per cent of all interviewed people said that they do not leverage their positions to minimise risk and almost 50 per cent responding that they would not invest in unaudited protocols.

However, only 40 per cent of DeFi users said that they actually understood how DeFi protocols worked, meaning investors who have been reaping benefits are not blockchain and DeFi savvy.

Yield farming has been quite popular, with most of it happening in Europe, followed by Asia, North American, and even Africa and South America. Even Australians are farming, but they represent a very small fraction of the number total.

Blockchain and DeFi technology can be difficult, but there have been some successful projects that exemplify how the tech can be used in a way that is understandable to the masses. For example, online blockchain casinos are a perfect example. 

Several casinos today, including Bitcasino.io, 1xBit and FortuneJack are among the leaders to embrace blockchain technology and reap some significant benefits.

Looking for your next crypto casino? Check out: Bitcasino or FortuneJack.

Written by David

Co-founder

David is co-founder of CryptoGamblingNews.com, and has worked in the crypto gambling space since 2015.
Best Casinos to play with…
Bitcoin
1
PLAY NOW
2
PLAY NOW
3
PLAY NOW
4
PLAY NOW
5
PLAY NOW
1
PLAY NOW
2
PLAY NOW
3
PLAY NOW
4
PLAY NOW
5
PLAY NOW
1
PLAY NOW
2
PLAY NOW
3
PLAY NOW
4
PLAY NOW
5
PLAY NOW
THE LEDGER: Biden goes after crypto mining, while Coinbase has a loan moan
The Ledger: ChatGPT forecasts BTC will hit $120k, Coinbase hears London calling

Similar News

Cryptocurrency regulation 
								Array
(
    [0] => WP_Term Object
        (
            [term_id] => 8639
            [name] => Cryptocurrency regulation
            [slug] => cryptocurrency-regulation
            [term_group] => 0
            [term_taxonomy_id] => 8639
            [taxonomy] => post_tag
            [description] => 
            [parent] => 0
            [count] => 5
            [filter] => raw
        )

    [1] => WP_Term Object
        (
            [term_id] => 4675
            [name] => Hong Kong
            [slug] => hong-kong
            [term_group] => 0
            [term_taxonomy_id] => 4675
            [taxonomy] => post_tag
            [description] => 
            [parent] => 0
            [count] => 4
            [filter] => raw
        )

    [2] => WP_Term Object
        (
            [term_id] => 4537
            [name] => south korea
            [slug] => south-korea
            [term_group] => 0
            [term_taxonomy_id] => 4537
            [taxonomy] => post_tag
            [description] => 
            [parent] => 0
            [count] => 7
            [filter] => raw
        )

    [3] => WP_Term Object
        (
            [term_id] => 4882
            [name] => The Ledger
            [slug] => the-ledger
            [term_group] => 0
            [term_taxonomy_id] => 4882
            [taxonomy] => post_tag
            [description] => 
            [parent] => 0
            [count] => 96
            [filter] => raw
        )

)

The Ledger: South Korea gets tough … and so...

26/05/2023|22:52

South Korea grabbed the attention of the crypto world this week, with several issues (some good, some bad, some somewhere...
Crypro currency exchange 
								Array
(
    [0] => WP_Term Object
        (
            [term_id] => 8665
            [name] => Crypro currency exchange
            [slug] => crypro-currency-exchange
            [term_group] => 0
            [term_taxonomy_id] => 8665
            [taxonomy] => post_tag
            [description] => 
            [parent] => 0
            [count] => 2
            [filter] => raw
        )

    [1] => WP_Term Object
        (
            [term_id] => 4675
            [name] => Hong Kong
            [slug] => hong-kong
            [term_group] => 0
            [term_taxonomy_id] => 4675
            [taxonomy] => post_tag
            [description] => 
            [parent] => 0
            [count] => 4
            [filter] => raw
        )

    [2] => WP_Term Object
        (
            [term_id] => 7466
            [name] => Hong Kong Securities and Futures Commission
            [slug] => hong-kong-securities-and-futures-commission
            [term_group] => 0
            [term_taxonomy_id] => 7466
            [taxonomy] => post_tag
            [description] => 
            [parent] => 0
            [count] => 6
            [filter] => raw
        )

    [3] => WP_Term Object
        (
            [term_id] => 5923
            [name] => People’s Bank of China
            [slug] => peoples-bank-of-china
            [term_group] => 0
            [term_taxonomy_id] => 5923
            [taxonomy] => post_tag
            [description] => 
            [parent] => 0
            [count] => 5
            [filter] => raw
        )

    [4] => WP_Term Object
        (
            [term_id] => 4756
            [name] => token
            [slug] => token
            [term_group] => 0
            [term_taxonomy_id] => 4756
            [taxonomy] => post_tag
            [description] => 
            [parent] => 0
            [count] => 10
            [filter] => raw
        )

    [5] => WP_Term Object
        (
            [term_id] => 8678
            [name] => virtual assets
            [slug] => virtual-assets
            [term_group] => 0
            [term_taxonomy_id] => 8678
            [taxonomy] => post_tag
            [description] => 
            [parent] => 0
            [count] => 1
            [filter] => raw
        )

    [6] => WP_Term Object
        (
            [term_id] => 8677
            [name] => virtual assets regulatory framework
            [slug] => virtual-assets-regulatory-framework
            [term_group] => 0
            [term_taxonomy_id] => 8677
            [taxonomy] => post_tag
            [description] => 
            [parent] => 0
            [count] => 1
            [filter] => raw
        )

)

Hong Kong to enable crypto exchange license

26/05/2023|22:23

The Hong Kong Securities and Futures Commission (SFC) has said it will soon enable licensed platforms to serve retail investors....
Binance 
								Array
(
    [0] => WP_Term Object
        (
            [term_id] => 197
            [name] => Binance
            [slug] => binance
            [term_group] => 0
            [term_taxonomy_id] => 197
            [taxonomy] => post_tag
            [description] => 
            [parent] => 0
            [count] => 174
            [filter] => raw
        )

    [1] => WP_Term Object
        (
            [term_id] => 6497
            [name] => crypto hub
            [slug] => crypto-hub
            [term_group] => 0
            [term_taxonomy_id] => 6497
            [taxonomy] => post_tag
            [description] => 
            [parent] => 0
            [count] => 3
            [filter] => raw
        )

    [2] => WP_Term Object
        (
            [term_id] => 7167
            [name] => Digital Asset Service Provider
            [slug] => digital-asset-service-provider
            [term_group] => 0
            [term_taxonomy_id] => 7167
            [taxonomy] => post_tag
            [description] => 
            [parent] => 0
            [count] => 2
            [filter] => raw
        )

    [3] => WP_Term Object
        (
            [term_id] => 8675
            [name] => France’s Financial Markets Authority
            [slug] => frances-financial-markets-authority
            [term_group] => 0
            [term_taxonomy_id] => 8675
            [taxonomy] => post_tag
            [description] => 
            [parent] => 0
            [count] => 1
            [filter] => raw
        )

    [4] => WP_Term Object
        (
            [term_id] => 8676
            [name] => Markets in Crypto Assets
            [slug] => markets-in-crypto-assets
            [term_group] => 0
            [term_taxonomy_id] => 8676
            [taxonomy] => post_tag
            [description] => 
            [parent] => 0
            [count] => 1
            [filter] => raw
        )

    [5] => WP_Term Object
        (
            [term_id] => 5044
            [name] => MiCA
            [slug] => mica
            [term_group] => 0
            [term_taxonomy_id] => 5044
            [taxonomy] => post_tag
            [description] => 
            [parent] => 0
            [count] => 27
            [filter] => raw
        )

    [6] => WP_Term Object
        (
            [term_id] => 6610
            [name] => OKX
            [slug] => okx
            [term_group] => 0
            [term_taxonomy_id] => 6610
            [taxonomy] => post_tag
            [description] => 
            [parent] => 0
            [count] => 12
            [filter] => raw
        )

    [7] => WP_Term Object
        (
            [term_id] => 5241
            [name] => stablecoin
            [slug] => stablecoin
            [term_group] => 0
            [term_taxonomy_id] => 5241
            [taxonomy] => post_tag
            [description] => 
            [parent] => 0
            [count] => 51
            [filter] => raw
        )

)

OKX seeks regional hub in France

26/05/2023|08:11

Crypto exchange OKX is trying to get regulatory approval from France’s Financial Markets Authority (AMF) as it looks to set...