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Fortune
Fortune
Ben Weiss

What is looping, the high-risk strategy producing 60% yields for crypto traders?

Digital generated image of purple looped twisted shape against purple background. (Credit: Andriy Onufriyenko—Getty Images)

Have you heard of "looping?" It's a risky trading technique that has come to the world of crypto and offers potentially eye-popping returns to those with the stomach to try it.

As decentralized finance publication The Defiant reports, a platform called Radiant Capital has been dangling the promise of 60% yields—a return more than 12 times higher than even the best traditional savings accounts—using automated looping. Other protocols, including Metronome, are also offering a way to automate the risky trading strategy.

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