Huobi HTX's liquidity restaking event officially launches, with tens of thousands racing for free airdrops, surpassing 50 million in ten minutes
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Huobi HTX's liquidity restaking event officially launches, with tens of thousands racing for free airdrops, surpassing 50 million in ten minutes
The earlier users participate and the more spot assets they contribute, the more points they will receive.
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On February 29, Huobi HTX officially launched its liquidity restaking event, which began at 17:00 and saw the first 50 million quota snapped up by over ten thousand users within ten minutes—so popular that servers were temporarily overwhelmed. As the first exchange in the industry to support platform users in participating in on-chain Restaking without barriers, Huobi HTX adheres to the principle of user-first, pragmatic innovation. Through its exclusive and innovative liquidity restaking program, HTX offers CEX users a low-threshold, zero-risk opportunity to share in the wealth红利 from on-chain opportunities.
First Exchange in the Industry to Support Restaking: Huobi HTX Launches Liquid Restaking
Huobi HTX, as the first exchange in the industry to support Restaking, launched an in-platform airdrop campaign at 17:00 (UTC+8) on February 29. Users can simply register with one click to participate in sharing a certain amount of on-chain airdrop rewards, including early token airdrops from prominent projects such as EigenLayer, Puffer, Merlin Chain, as well as token rewards in ETH, USDT, HTX, and TRX.
If you want to get early airdrops from top-tier projects, this is the simplest way—no exceptions.
Users only need to sign up via the relevant page on the Huobi HTX app. By holding more than $1 equivalent in supported tokens such as BTC, ETH, USDT, HTX, or TRX in their spot account through depositing or trading, and enabling the corresponding token on the Liquid Restaking专题 page, reward points will be distributed and displayed on the专题 page after three days.
More importantly, no on-chain operations are required—users do not need to stake, and normal trading, deposits, and withdrawals remain unaffected. Rewards are based on the user's spot holdings of the participating tokens at the time of daily random snapshots—the larger the holding, the greater the reward. Throughout the event period, regardless of any risks occurring on-chain, users’ assets on the Huobi HTX exchange remain completely safe. All earnings are distributed as rewards, and Huobi HTX commits to fully covering any potential losses, ensuring truly zero risk and peace of mind for participants.
There are four key highlights of Huobi HTX’s liquidity restaking:
- High Value: Early access to $50 million worth of tokens from star projects with strong future appreciation potential;
- Free to Claim: One-click operation saves time and effort, with no additional costs;
- Greater Flexibility: One-click participation and one-click exit, both taking effect immediately;
- Zero Risk: Principal is secure, earn passive income—risk-free yield farming.
By fully understanding Huobi HTX’s liquidity restaking offering, users can master the secret to earning high-yield, risk-free Restaking returns. Going forward, Huobi HTX will continue to support more tokens joining Liquid Restaking and gradually expand eligibility to assets beyond spot accounts. Additionally, an accelerated rewards mechanism will be introduced for HTX token holders.
Some background knowledge about restaking (Restaking):
What is Restaking?
Restaking is an innovative capital management method within the cryptocurrency staking ecosystem. It allows users to redeploy tokens that have already been staked and are generating returns into other staking protocols, thereby improving capital efficiency and potential yields.
The main advantage of Restaking lies in enhanced capital utilization. Users can join other staking initiatives without unlocking or transferring their original staked assets, all while maintaining the security and returns of their initial staking activity. This enables users to diversify income streams without compromising their contribution to network consensus.
In short, Restaking opens a new avenue for stakers to earn additional income while also strengthening the security and stability of multiple networks.
We can illustrate Restaking using a simple real-life analogy:
Imagine you have funds in a bank savings account, and the bank issues you a certificate of deposit. You then give this certificate back to the bank, authorizing them to manage those funds. These funds remain secure while the bank uses them for loans or investments, generating interest or returns. Restaking works similarly—but within the context of cryptocurrencies or blockchain networks.
Why Engage in Restaking?
The benefits are multi-fold:
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You can leverage your crypto assets to gain additional liquidity. Just as banks use your deposits for lending, decentralized finance platforms can deploy your crypto in lending protocols, generating extra crypto returns for you.
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You can invest or trade with the lent-out crypto to generate even more returns. This approach gives you more market opportunities and helps grow your assets.
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You can also earn interest or rewards as incentives for Restaking. Similar to interest earned in a savings account, staked crypto can generate yields as rewards.
However, a major challenge with traditional Restaking is liquidity. After Restaking, a staker’s assets are "locked" in nodes, losing liquidity and becoming unavailable for other investments or trades.
LRS points can be redeemed for corresponding rewards. LRS-BTC can be exchanged for airdrop rewards from Merlin Chain and BounceBit; LRS-ETH for airdrops from EigenLayer and Puffer—the specific airdrop rewards depend on actual distributions by the respective on-chain projects. LRS-USDT, LRS-TRX, and LRS-HTX can be redeemed for rewards in their respective native tokens.
The advantage of Huobi HTX’s Liquid Restaking lies in its significantly higher flexibility compared to on-chain Restaking.
What advantages does Huobi HTX’s Liquid Restaking offer over on-chain Restaking?
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First, it is simple to operate, has low entry barriers, and minimal risk. Participation requires just a single button click on the event page. Huobi HTX guarantees that user assets will remain unaffected regardless of any risks that may occur on-chain during the event.
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Second, asset liquidity is superior. Trading functionality remains intact, and users can earn staking rewards across different chains depending on the tokens they hold.
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Finally, rewards are highly flexible. Daily snapshots are taken of spot accounts, meaning even users who hold tokens for a short period have a chance to earn. As Huobi HTX supports more tokens for Restaking, virtually any asset held on HTX becomes eligible to earn Restaking rewards on a daily snapshot basis.
What Can You Do With the Points Earned From Participating in Liquid Restaking on Huobi HTX?
Specific redemption details will be announced officially. Redemption for LRS-USDT, LRS-TRX, and LRS-HTX points will open soon. Redemption for LRS-BTC and LRS-ETH points will begin within 14 days after the relevant on-chain project airdrops (expected post-April 2024, subject to each project’s airdrop schedule). Redeemed rewards will be directly credited to users’ spot accounts.
An individual user’s points for a given token = (daily issuance amount × user’s snapshot balance) / total snapshot balance across all users. In other words, the earlier you participate and the more spot assets you hold, the more points you earn.
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