Data: OKX USDT Simple Earn (Flexible) APR Soars to 39%

ChainCatcher news, according to OKX data, the annualized interest rate (APR) of the USDT "Simple Earn" (flexible) product on the OKX platform surged to 39% in the past hour. Since last night, this rate has fluctuated significantly between 5% and 46%, reaching a peak of 46% around 5 AM today.

It is reported that the rapid rise in the interest rates of such flexible wealth management products on OKX usually occurs during periods of significant market volatility. Today, ETH continued to rise, breaking through the $4,600 mark, reaching a new high since 2022.