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Survey: Large Number of Yield Farmers Can’t Read Smart Contracts Despite High Risk

A new Coingecko survey has found that a large number of yield farmers do not know how to read smart contracts despite claiming they understand the risks that come with such investments. According to the survey, which polled 1,347 people, around 40% of decentralized finance (defi) users cannot comprehend the smart contracts they use for farming. Some 33%, it says, have never heard of ‘impermanent loss’ – a temporary loss of funds that occurs when providing liquidity. This “implies that they (farmers) don’t know their real return on investment (ROI) and are extreme risk-takers for the sake of the high…

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Ethereum’s BAL Token Surges 25% And There’s More To Come

Ethereum’s BAL token surged by 25% after Bitcoin and ETH bounced a few percent in the past few hours. The Ethereum-based BAL token is up by 26% in the past 24 hours according to the data that we have in our latest altcoin news, hitting a price of $23.50. With the 26% gain, Balancer is the second best-performing asset in the top 100 currencies by outperforming Cosmos. Analysts believe that the asset could be primed to move higher if the decentralized finance space also moves higher. Ethereum’s BAL token gained 25% in the past day as the buyers stepped in.…

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