ETH2.0 Staking Offers High Rewards — Huobi Launches Series of Events to Support Ethereum Shanghai Upgrade
TechFlow Selected TechFlow Selected
ETH2.0 Staking Offers High Rewards — Huobi Launches Series of Events to Support Ethereum Shanghai Upgrade
The Shanghai upgrade is the first major upgrade after "The Merge" on the Ethereum network, marking the completion of Ethereum's full transition to a proof-of-stake (PoS) network.
Navigating Web3 tides with focused insightsFollowing the successful transition of the Goerli testnet, Ethereum's Shanghai (Shapella) upgrade is finally approaching.
Recently, the Ethereum Foundation officially confirmed the timeline for the Ethereum Shanghai upgrade. The mainnet will activate the Shapella network upgrade at epoch 194048, expected to occur at 06:27:35 UTC+8 on April 13.
The Shanghai upgrade marks Ethereum’s first major upgrade after "The Merge," signifying the completion of Ethereum’s full transition to a proof-of-stake (PoS) network. One of the primary goals of this upgrade is to enable withdrawals of staked Ether (ETH) from the Ethereum Beacon Chain smart contracts.
To celebrate the upcoming Shanghai upgrade, Huobi has specially launched aseries of reward events (event details: https://www.huobi.com/zh-cn/staking/eth2/), inviting users to participate in Ethereum’s thriving ecosystem.
According to an official announcement by Huobi, from 20:00 on April 1 to 20:00 on April 30, Beijing time, users participating in Huobi’s ETH2.0 staking event can earn up to 15% annualized returns. Specifically, when users stake at least 1 ETH newly, they will receive approximately 5% annualized staking yield from on-chain rewards for up to 30 days, plus an additional 10% APY subsidy provided by the Huobi platform.
Additionally, between 20:00 on April 1 and 20:00 on April 12, Beijing time, users who newly stake no less than 1 ETH will share a 50,000 USDT staking reward pool based on their staking ratio. Among them, the top three users with the highest new staking amounts will receive 7,000 USDT, 4,000 USDT, and 2,000 USDT respectively. Users ranked 4th to 10th will each receive 1,000 USDT.
It is reported that Huobi’s validator node has been operating stably as an Ethereum PoS validator for two years, witnessing key milestones such as The Merge, the rise of MEV, and the Goerli testnet rehearsal. Meanwhile, Huobi has opened its ETH2.0 staking service to global users. By exchanging or purchasing Huobi’s BETH with ETH, users enjoy rights equivalent to on-chain staking. After the Shanghai upgrade, Huobi will provide synchronized on-chain exchange services from BETH back to ETH.
A related representative from Huobi stated that the Ethereum Shanghai upgrade represents another significant step forward in enhancing Ethereum’s scalability and decentralization. Huobi will continue to closely support the development of the Ethereum ecosystem and deliver an exceptional investment experience for users.
Join TechFlow official community to stay tuned
Telegram:https://t.me/TechFlowDaily
X (Twitter):https://x.com/TechFlowPost
X (Twitter) EN:https://x.com/BlockFlow_News
