One of my p0x friends mentioned interest on his USDT last week and, in quickly checking what’s around, I discovered that MEXC have revamped their banking offerings.
Most of it’s for the big players, of course, but they have a new thing called “Futures Earn” that offers 3% APR just for holding at least $0.10 in USDT, USDC, or USDE in your futures wallet – finally a banking option without a $100 minimum! That rate goes up to 20% APR if you’re a frickin’ whale and have $100,000 to leave lying around.
They also updated their “Hold and Earn“. It has a minimum of $0.10 USDD (8%) or USDE (3.5%), or 0.1 MXSOL (1%). That last one is the coin you get when you stake SOL on their exchange, so you actually get the 7%ish for SOL and an extra 1% on your MXSOL while staking. You can even trade MXSOL, which trades your staked SOL at the same time, though I’m holding as part of my Banking.
On top of that, they’ve updated their “Staking” options, so they now offer 20% on $100-$300 of USDT, and their “Auto-earn” which is similar but does everything without any need to fiddle with stuff… and only works if you’ve done KYC.
None of those rates are of any use to me – CoinEx has better rates on BTC and ETH (MEXC’s offerings are a bit shit) and I don’t bank stablecoins – but they might be helpful for some of you as they were for him, especially with the very low minimums!
