PaymentsWirex Launches New Dual-Asset Yield-Earning Tool

PRNewswire PRNewswireNovember 1, 20224 min

Wirex, a leading crypto wealth and payment platform, has launched DUO, the dual-asset high yield-generating tool that earns users up to 200% returns. DUO will make earning simpler than ever before with guaranteed yield paid in crypto every time.

As part of their mission to bridge the gap between the traditional and digital economies, Wirex have brought together the best of DeFi yield generation strategies and traditional financial trading platforms to create DUO. With simplicity at the core, it utilises Wirex’s innovative user interface to allow users of all abilities to access high yield earning tools.

DUO allows Wirex’s 5 million customers to earn the difference in market price from a trading pair over a certain duration, where they’ll be paid out in one of the two currencies plus the yield. Providing complete flexibility, customers can choose the pair of tokens, period of time and amount locked, and open multiple DUOs at once. It offers higher returns to customers choosing to lock more for less time, and has no usage fees.

The launch of DUO adds to Wirex’s suite of products allowing users to grow their assets, proving more popular during the current crypto winter. Last year, they developed X-Accounts, where users can earn up to 20% AER on their funds, with no minimum amount, and no maintenance or lock-up fees. In July, they also introduced Wirex Credit, offering highly competitive interest rates with no origination fee for crypto-backed loans of up to $100,000.

Pavel Matveev, CEO and Co-Founder, commented: “It’s great to add another easy-to-use product that brings the benefits of DeFi-style earning into everyday users’ hands. DeFi protocols offer similar ways for users to earn, but are typically extremely lengthy, complex, and expensive for the average person to successfully use. Particularly in this bear market, our customers are looking for straightforward ways to grow their funds and DUO will allow investors of all experience levels to earn high levels of interest.”

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