REX now live on EOS
REX, a resource exchange pool is now live on EOS. This allows EOS token holders to lend their CPU/NET resources and in return, earn some EOS. In doing so, developers now have a place for cheap CPU/NET resources to meet their needs.
REX has its own token and is merely used as a unit of account for users to Lend/Unlend EOS to the REX pool. It is not tradable outside of REX.
You can learn more about REX here.
While this brings an important use-case for EOS, not many are convinced by it. The interest rates at the moment are not attractive enough for EOS holders to lend their EOS.
Will REX succeed if no EOS holders are willing to lend to support it?