To let its customers preserve their assets and earn a passive income with a 4.5% annualised return rate, MoonXBT, the top crypto social exchange, has developed a new DeFi product called Simple Earn.

Despite the fact that it has been almost a month since the FTX black swan occurred, its impact may be long lasting, making the already chilly crypto winter more colder. It appears that HODLing is the ideal approach for traders at this time, at least until the market shows clear signs of recovery. Money has time value, thus it’s a waste to hold onto it and do nothing with it.

In light of the foregoing, MoonXBT has developed the Simple Earn product, through which customers can store their coins or tokens in a cold storage wallet and earn daily income. Users can protect their holdings from loss in a down market and yet benefit from appreciation.

Source: Prnewswire