CEX launched an on-chain USDC lending and wealth management service, with an annualized rate of 10.8%.

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On September 19, The Block reported that the crypto assets trading platform CEX is launching a new feature that allows users to earn returns by lending their held stablecoins on-chain, with an annual percentage rate of up to 10.8%. This service is powered by the decentralized lending protocol Morpho, with fund allocation managed through an on-chain treasury operated by Steakhouse Financial on the Base network. Base is the Ethereum second-layer scaling solution incubated by CEX. CEX stated that when users deposit USDC, the system will create a smart contracts wallet that diversifies the funds into different lending pools to optimize returns. Users can start earning returns immediately and can apply for withdrawals at any time based on fund liquidity. CEX emphasizes that although this feature relies on DeFi protocols, the integration design through the CEX application aims to provide a familiar and user-friendly experience for mainstream users.

USDC0.01%
MORPHO12.86%
ETH0.85%
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