Not new anymore some market are offering the same with their stabelcoin products. Maybe this one is more focus on dai, but I better not base on this earning style which give you a very small profit. Better yet to do trading, or any lending platform with conservative and much more higher interest.

Binance doing this and they also have saver program well you literally hold your coin and even stablecoin of usdt and you earn passively. For me its better cause it is trusted than this.