Sounds along the lines of crypto brokers offering yield on crypto. Maybe not even legal for Australian brokers to offer.
"They don't seem to be very transparent on which MMF they are using, when compared to Revolut that clearly says it's fidelity. They also say that you are not protected but the probably of a MMF going bust is low, but without them saying which one it is, I wouldn't personally put high amounts."
SWF - General Discussion, page-80
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