preface
Since the launch of Huobi HTX's new Restaking activity, user returns have performed well. According to platform data, more than 100,000 users have participated in Huobi HTX's new Restaking, with a historical annualized return of 88%. In addition, the total amount of active staking on the platform is also growing steadily. It is understood that the next airdrops of popular projects such as zkLink and EigenLayer will have a return potential of over 100%. Since the most recent Bitcoin halving event (April 19), when the reward for each new Bitcoin block mined was halved, Bitcoin miners have begun to show signs of "surrender", tending to shut down poorly performing equipment and start selling Bitcoin to hedge risks. This usually means that the price has bottomed out in history. Against this backdrop, as one of the hottest tracks in the past six months, the Restaking track airdrop is in season. The airdrops of projects such as BouncebBit, ETHFI, and zkLink have caused a certain amount of market heat.
Restaking ignites new possibilities for DeFi. In the past six months, Restaking projects have flourished. Over $20 billion in assets have participated in the Restaking track. Well-known institutions such as the Ethereum Foundation, Polychain, ABCDE, mainstream platforms such as Huobi HTX, Binance, OKX, and other ecological giants have joined the construction. As an innovative blockchain technology, Restaking allows users to re-stake pledged cryptocurrencies to obtain more returns on the same asset basis. This mechanism is usually implemented through smart contracts to ensure the transparency and security of the original pledge and re-stake process.
Compared with traditional staking, in the Restaking mode, users can re-stake their rights based on the original stake to obtain additional income.
The emergence of Restaking has had a profound impact on the cryptocurrency market. First, it provides more profit opportunities for coin holders and increases user participation. Second, through the multi-layer staking mechanism, it enhances the security and stability of the entire blockchain network. In addition, Restaking has also prompted the emergence of more innovative projects and applications, further promoting the development of the cryptocurrency ecosystem.
Advantages of Huobi HTX Restaking: Direct airdrop on the chain, no need to lock up positions, and professional team risk control
Huobi HTX has been paying attention to the progress of various projects in the Restaking track. The reward share of the new Restaking activities that it has focused on promoting has been repeatedly increased to over 150 million US dollars. Recently, a new version with clearer rights and interests has been updated and launched, and LRS points are automatically upgraded to r points.
Different from the complicated operations on the chain and the confusion of personal identification of projects, Huobi HTX IPO Restaking has the following advantages:
â Strict project selection: Following Sun Yuchen's 10 billion yuan investment, the project will be screened by a professional investment research team, with strict selection based on security audits, on-chain participation, team composition and other dimensions;
â High security: Huobi HTX adopts security measures such as multi-signature and cold wallet storage to ensure the safety of user assets;
â Full user experience: The operating interface of Huobi HTX platform is simple and intuitive, with zero threshold, no lock-up, one-click new issuance, and no need for personal on-chain operation;
â Enjoy on-chain airdrops directly: subscribe to multiple projects with equal amounts of assets, automatically adjust positions, and subscribe to the full amount seamlessly.
Huobi HTX Restaking has opened r-BB (r-Bouncebit) points redemption on July 2, and doubled the daily r-ETHFI rewards. The specific new additions are as follows:
1. r-BB exchange start date: July 2, 2024;
2. Daily r-ETHFI exchange reward: increased from 50,000 r-ETHFI per day to 100,000 r-ETHFI per day, and the exchange rate remains unchanged;
3. The r-ETHFI reward doubling period is from July 2, 2024 to July 16, 2024, and will continue to increase thereafter.
In the future, Huobi HTX Restaking is expected to continue to expand its business scope, introduce more innovative products and services, and will continue to increase the airdrop share and add new star project airdrops based on the number of Liquid Restaking participants, helping Huobi HTX users catch up with the on-chain new issuance returns.
Restaking is Huobi HTX's exclusive CEX airdrop event, helping users to enjoy the airdrop of popular star projects on the chain for free and without any threshold. Just one-click registration, you can participate. The participation path is Huobi HTX APPâEarn CoinsâNew Restaking. Immediately participate in the new Restaking event on the Huobi HTX platform and share the dividends on the chain of the Restaking track.
