HTX Live | The Rise of Restaking: Follow Top Miner Justin Sun to Seize Restaking Wealth Opportunities and Claim Star Early Airdrops
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HTX Live | The Rise of Restaking: Follow Top Miner Justin Sun to Seize Restaking Wealth Opportunities and Claim Star Early Airdrops
Looking forward to seeing a breakout of the Restaking ecosystem in the 2024 bull market.
Navigating Web3 tides with focused insights
On February 21, Sun Yuchen, member of the Huobi HTX Global Advisory Committee; Kong Jianping, founder of Nano Labs; Han Feng, co-founder of Elastos BeL2, and other prominent industry figures, along with media outlets including Jinse Finance, MetaEra, and Mars Finance, joined Huobi HTX's Twitter Space. The live session, titled "The Restaking Ecosystem Boom," provided a comprehensive analysis of the Restaking sector and explored wealth-generation strategies behind leading projects such as EigenLayer and Merlin Chain, discussing the most promising financial narratives for the 2024 bull market. HTX Live broadcasted the event live.
Restaking carries significantly lower risk than typical DeFi protocols
During the livestream, Sun Yuchen first explained the concept of Restaking.
Restaking is a decentralized, on-chain staking asset management method pioneered by EigenLayer that allows users to stake ETH, lsdETH, and LP Tokens across other public chains, oracles, middleware, etc., serving as nodes and earning validation rewards. The aggregated security enabled through Restaking allows modules to be secured via re-staked ETH instead of relying on their own native tokens.
From the perspective of smart contract risk, Sun Yuchen believes Restaking, as a protocol-layer staking mechanism, carries even lower overall risk compared to conventional DeFi protocols.
Because Restaking funds are not used for lending or yield-generating activities involving principal withdrawal, the risk of loss is greatly reduced. Instead, these assets primarily serve as collateral to secure the integrity and reliability of Layer-2 networks.
Huobi HTX to launch Liquid Restaking with $50 million in initial airdrop rewards up for grabs
With the growing popularity of the Restaking ecosystem, major projects in the Restaking and Layer-2 sectors have begun launching:
EigenLayer, a flagship Ethereum restaking project, has over $7 billion in staked value;
Puffer, another leading Ethereum restaking project, has nearly $1 billion in staked value;
Merlin Chain, a Bitcoin Layer-2 solution, has over $1.5 billion in staked value;
BounceBit, a Bitcoin staking chain, has over $450 million in staked value...
For ordinary users, accessing early airdrops from these high-profile projects presents three main challenges:
1. Involvement across multiple blockchains: requires extensive research into different chains, creating a significant burden;
2. Liquidity constraints: staking locks up capital, making it unavailable for trading;
3. Complex on-chain operations with a steep learning curve.
Huobi HTX is launching an in-platform Liquid Restaking feature, which uses daily snapshots of users’ spot accounts. With just one click, users can participate in Restaking and share in the generated returns.
According to Huobi HTX’s official announcement, the platform will launch its in-platform Liquid Restaking (Liquid Restaking) on February 29 at 17:00 (UTC+8), initially supporting BTC, ETH, USDT, HTX, and TRX. Users can participate using their spot balances to claim rewards, including token incentives and early airdrops from marquee projects such as EigenLayer and Merlin Chain. Participants will compete for a total airdrop pool worth $50 million (250 BTC, 2,500 ETH, 25,000,000 USDT, 25,000,000 TRX, and 1,500,000,000,000 HTX).
So, what advantages does Huobi HTX’s Restaking offering have compared to on-chain Restaking?
First, it’s simple, accessible, and low-risk. Users only need to click a button on the event page to join. Huobi HTX guarantees that user assets will remain completely unaffected regardless of any risks occurring on-chain during the event period.
Second, it maintains strong asset liquidity. Trading functionality remains intact, and users earn staking yields across different chains based on the assets they hold.
Third, it offers flexible returns. Since the platform takes daily snapshots of spot accounts, even users holding assets for short periods can earn rewards. As Huobi HTX expands support for more Restaking-enabled assets, all assets held on the platform will be eligible for daily Restaking yield distributions.
In summary, Huobi HTX’s newly launched Liquid Restaking function caters to users who trade regularly but lack the time or interest to research individual Restaking projects. Simply keeping assets in a spot account and enrolling in the Restaking program allows users to earn passive income effortlessly.
Platform = Golden Shovel? High-value, Free, Flexible, Zero Risk
Sun Yuchen mentioned during the livestream that Huobi HTX’s Liquid Restaking function effectively transforms the entire platform into a “golden shovel,” democratizing access—no longer limited to a single token or fixed asset.
“In the future, any asset held in a Huobi HTX spot account will be eligible for mining, regardless of the specific cryptocurrency.”
【High Value】Access to top-tier narratives and $50 million in early-stage token allocations, offering substantial upside potential;
【Free Access】One-click participation saves time and effort with no additional costs;
【Greater Flexibility】One-click entry and exit, effective immediately;
【Zero Risk】Principal protection with risk-free yield generation—safe, passive income.
Huobi HTX’s competitive edge lies in its rapid iteration speed and focus on tracking emerging projects and concepts, enabling it to act swiftly. For instance, in the Restaking space, Huobi HTX was likely the first exchange to establish a strategic presence.
“Embracing innovation, continuously evolving, and delivering outsized returns to our users,” said Sun Yuchen, expressing strong confidence in Huobi HTX’s future trajectory.
Sun Yuchen calls himself a “top miner,” respects mining, and approaches airdrop farming with calm pragmatism
Sun Yuchen openly expressed his bullish outlook on Restaking during the livestream, noting that it plays a meaningful role in advancing the broader blockchain industry.
He also shared sincere advice from his self-described role as a “top miner”:
1. “I don’t recommend individuals with weak risk management skills or limited coding expertise to engage in mining, as it does carry certain risks. I personally maintain a deep respect for mining and always aim to minimize associated risks.”
With the launch of Huobi HTX’s Restaking functionality, Sun hopes that when Restaking projects gain traction, all platform users will benefit from their success.
2. Approach airdrop farming (“lurou”) with a calm, balanced mindset—participate modestly as a hedge, just in case returns turn out to be substantial.
For novice users, the complexity of on-chain operations makes direct protocol staking less appealing. Instead, they tend to trust centralized exchanges due to easier deposits/withdrawals and reliable custody.
Using popular slang, just as people say “mint a few for protection” during NFT booms—what if they skyrocket?—the same mindset applies to Restaking participation: stay calm and pragmatic.
Sun admitted that not every project will succeed. While Huobi HTX strives to select high-value, high-conviction opportunities, users should adopt a “better to farm than not” mentality—after all, you never know what might take off. As long as risks are managed well, the bull market offers numerous paths to wealth creation.
Wrapping up the livestream, Sun shared his outlook on the crypto market this year. He believes the Year of the Dragon will bring strong momentum to the crypto sector. From this perspective, Huobi HTX aims to partner with users to seize this wave of opportunity. The platform will stay ahead of trends and move quickly—“humans plan, but heaven decides.”
Restaking is still in its early stages, and we look forward to witnessing a major ecosystem breakout during the 2024 bull run. Stay tuned and participate in Huobi HTX’s Liquid Restaking launch on February 29 at 17:00 (UTC+8), capture early benefits, claim premium airdrops, and compete for a share of the $50 million reward pool.
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