FaTPay launches financial product FaTEarn beta testing
2023-06-28 12:00
According to official news from Odaily, the financial product FaT Earn recently launched by FaTPay is a fixed interest rate product for the initial testing phase.
Currently, this product is only available for subscription through the FaTPay Wallet for FaTPass Holders and users in the community with the FaT Friends Role.
The 9% interest rate of the current testing product comes partly from a US treasury arbitrage product developed in collaboration between FaTPay and traditional financial institutions, and partly from subsidies provided by FaTPay to the community and FaTPass holders.
To address the community's concerns about fund security, FaTPay has stated that all FaTEarn products are launched in cooperation with compliant financial institutions in different countries and regions. The custody funds and investment targets are subject to strict audits by third-party auditing firms to prevent any improper use of funds.
Furthermore, for each product, FaTEarn will clearly indicate the sources of income and provide risk warnings, offering users sufficient basis for assessing both returns and risks.
Currently, this product is only available for subscription through the FaTPay Wallet for FaTPass Holders and users in the community with the FaT Friends Role.
The 9% interest rate of the current testing product comes partly from a US treasury arbitrage product developed in collaboration between FaTPay and traditional financial institutions, and partly from subsidies provided by FaTPay to the community and FaTPass holders.
To address the community's concerns about fund security, FaTPay has stated that all FaTEarn products are launched in cooperation with compliant financial institutions in different countries and regions. The custody funds and investment targets are subject to strict audits by third-party auditing firms to prevent any improper use of funds.
Furthermore, for each product, FaTEarn will clearly indicate the sources of income and provide risk warnings, offering users sufficient basis for assessing both returns and risks.
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