CASE STUDY
Product
USDC Yield
Region
Asia
WOO X is an established centralised crypto futures and spot trading platform offering the best-in-class liquidity and price execution. WOO X has an average daily volume exceeding $600 million and is home to hundreds of thousands of traders worldwide. WOO X traders benefit from radical transparency through our Proof of Reserves & liabilities dashboard and the company's mission to maintain the trust of its growing community of professional traders.
WOO X & OpenTrade
WOO X has launched RWA-backed Earn Vaults in collaboration with OpenTrade, which enable users to earn yield from real-world, high-quality financial assets.
The new RWA Earn Vaults allow all WOO X users to seamlessly move USDC holdings in and out of Earn Vaults which generate yields that are not subject to high volatility and risk. WOO X users can access these earn vaults within the existing exchange platform with no additional onboarding requirements, making it a truly seamless experience.
Value unlocked
With the RWA Earn Vaults, WOO X is providing its users with a simple and secure means of earning 4% + interest on idle USDC balances that is not correlated to crypto price volatility. This allows WOO X users that are looking for a way to put their USDC to work and earn high risk adjusted returns a way to do so without having to off-ramp or onboard to yet another new platform. Moreover, for WOO X users that professionally trade, the RWA Earn Vaults provide them with a way to realize all of the benefits of investing in RWAs, while retaining the ability to easily move in and out of crypto investments.
Key benefits & features
Available to all WOO X users with no additional onboarding requirements
Ability to move in and out of RWA Earn Vaults at anytime
Instant interest accrual