Memories are proving to be extremely short in the crypto world, with returns of 70% and higher being offered once again by trading platforms through the re-emergence of the investment strategy known as yield farming.

Less than 18 months after the collapse of the Terra algorithmic stablecoin project that triggered an industry-wide meltdown, exchanges ranging from GMX to Binance are offering double-digit incentives as a way to jumpstart trading activity after months of stagnation. Terra, once the most ambitious experiment in DeFi, had promised nearly 20% returns to investors who deposited funds in its protocol.