The exchange of the Winklevoss twins released a new product, the Earn. You can obtain more than a 7% annualized yield on your deposited crypto.
Despite much advice from experts, many people are storing their cryptocurrencies on centralized exchanges. So from the view of exchanges, lending these funds in exchange for interest, it’s a viable business model. The defi was invented literally for this kind of banking services. But participating through regulated exchanges sounds less risky.