After Binance being ban on 9 August 2021 from offering exchanges services in Malaysia due to not comply to local regulation. Myeg's DeFi is offering a lock and earn program with a return As high as 5% BFR for the lock period. If you a owning wallet with Malaysia regulated DAX you can participate.
Mechanism sounds like a Fixed Deposit (FD), but it is not one of it. You may invested in a most speculative and hyper volatile market. So be careful and do your research well before participate in it.
This is not a financial advice, this is for educational and entertainment purposes only. Readers have to do their on research or consult to their own financial advisor before participate into any investment.
With the recent DeFi biggest hack approximate 600 USD million, how local develop DeFi test the temptation of a blackhat hacker. Let us know your point of view in the comment below.