Ethereum (CRYPTO: ETH) creator Vitalik Buterin cautioned his Twitter followers against investing in cryptocurrency projects that offer farfetched returns.
What Happened: In a tweet on Wednesday, Buterin said that an “important lesson for the crypto space” was knowing that if a protocol offers a 20% annual percentage rate (APR) for staking cryptocurrency, then it is likely to be a Ponzi.
Also an important lesson for the crypto space. Way too much mental gymnastics goes into defending things that a 12 year old applying a simple unnuanced “if it offers 20% APR …
Full story available on Benzinga.com