According to official data, the average annualized yield (APY) of OKX's USDT and USDC current deposit products reached 27.72% and 20.43% respectively this week, which is higher than similar products in the industry. This reflects that the activity of users with borrowing needs on the platform is continuing to rise.
According to official introduction, OKX's current deposit simple deposit product helps deposit users earn stable borrowing interest by matching the assets of deposit users with users with borrowing needs. Currently, OKX's current deposit simple deposit product supports 24-hour deposit and withdrawal, hourly interest calculation, strong flexibility, and is escorted by the OKX risk control system throughout the process to ensure the safety of user assets. It aims to provide users with convenient asset management solutions and lower the threshold for participation.