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Mudrex, a global crypto investment platform, today announced the launch of its product called Earn, initially supporting 50 cryptocurrencies in the first phase.
This new service allows users to earn rewards on their crypto holdings without any commission or fees. Users can earn up to 10% passive income on their crypto holdings without any lock-in period.
To participate in Earn, users need to maintain a minimum balance of the supported coins in their Mudrex wallets. By engaging in a mix of short-term ventures such as margin funding and allocating funds into secure, long-term DeFi protocols, Mudrex attempts a steady flow of fixed annualized returns from a minimum of 0.023% to a maximum of 10% on their investments.
Commenting on the launch, Edul Patel, CEO & Co-founder of Mudrex said, “By eliminating fees and simplifying the process, we aim to empower our users to maximize their crypto earnings effortlessly. The Earn product has already started gaining traction during its beta stage, attracting over 5000+ users who collectively staked 1 million in the past two weeks. We also plan to expand the range of supported coins, continuously enhancing our platform’s value proposition for the users”.