Missed EigenLayer? Huobi HTX's liquid restaking could seize low-cost positions through a shortcut
TechFlow Selected TechFlow Selected
Missed EigenLayer? Huobi HTX's liquid restaking could seize low-cost positions through a shortcut
Huobi HTX officially launched a liquidity restaking campaign on February 29, providing crypto users and yield farmers with a new low-barrier opportunity to participate in the on-chain ecosystem.
Navigating Web3 tides with focused insightsAmid the ever-evolving landscape of crypto narratives, restaking has undoubtedly emerged as the most significant narrative for Ethereum in this cycle.
According to DefiLlama data, since 2024, EigenLayer—the leading project in the sector—has seen its TVL consistently rise. During its fifth deposit window (February 6–10), its weekly growth surged by 187%. As of 9:00 AM on March 4, EigenLayer's TVL surpassed $1 billion, with a seven-day increase of 21.68%.
EigenLayer’s rapid accumulation of over $1 billion in capital is primarily driven by anticipated airdrops—offering various layers of potential returns. For example, ETH stakers who participate in restaking can earn: staking rewards from ETH + incentives from restaking + points from EigenLayer (in preparation for an airdrop) + airdrop opportunities from other liquid restaking token (LRT) projects + airdrop opportunities within the broader EigenLayer ecosystem. With EigenLayer’s deposit window now closed, countless missed opportunists are left regretting their absence.
In fact, beyond EigenLayer, projects such as Keop DAO, Puffer Finance, and BounceBit are also gaining momentum. Notably, BounceBit reached nearly $450 million in TVL within just nine days of launch. The liquidity restaking sector is experiencing explosive growth—how can we quickly participate and maximize our potential returns?
One-Click Access to a Full Suite of Services
Currently, investors can participate in liquid restaking directly on-chain, though they must consider increasing technical complexity, potential smart contract vulnerabilities, and risks arising from market volatility. It is essential to fully understand these risks beforehand and implement appropriate risk management strategies to balance return-seeking behavior with effective loss mitigation.
Alternatively, investors can indirectly participate through services offered by cryptocurrency exchanges. Some major platforms—including HTX (formerly Huobi) and OKX—have already launched liquid restaking-related offerings.
Take HTX as an example. On February 29, HTX officially launched its liquid restaking initiative, offering crypto users and yield farmers a low-barrier opportunity to engage with on-chain ecosystems.
On HTX’s “Liquid Restaking” page, users can one-click enroll in active liquid restaking campaigns—by holding more than $1 worth in supported tokens such as BTC, ETH, USDT, HTX, or TRX in their spot accounts via deposits or trading.
Participants are eligible to share in a $50 million pool of on-chain rewards, including first-time token airdrops from prominent restaking projects like EigenLayer, Puffer, Merlin Chain, and BounceBit, as well as direct token rewards in ETH, USDT, HTX, and TRX. Rewards will be distributed in points form, which can later be exchanged for corresponding tokens once airdrops occur.
HTX’s liquid restaking program functions like a bundled investment plan—users gain access to multiple on-chain restaking yields with a single click. A key advantage is that CEX users or those unfamiliar with on-chain operations no longer need to leave the exchange platform to join high-yield staking activities, making it easier than ever to earn passive income. Additionally, earnings are more flexible and do not interfere with asset trading. Users can select different assets based on personal preferences, enjoying diversified returns while benefiting from enhanced asset security.
Points! Points!
In the liquid restaking space, points serve as crucial credentials for earning airdrop rewards—and have become powerful tools for projects aiming to capture market share. Currently, EigenLayer points are being traded over-the-counter on Whales Market at approximately $0.20 per point. Meanwhile, Puffer Finance, as a latecomer, successfully attracted yield-maximizing investors by offering higher point incentives, enabling rapid market share growth in a short period.
The LRS points earned through participating in HTX’s Liquid Restaking campaign can also be redeemed for corresponding rewards. LRS-BTC can be exchanged for airdrop rewards from Merlin Chain and BounceBit; LRS-ETH for EigenLayer and Puffer airdrops—the specific allocations depending on actual distributions by respective on-chain projects. LRS-USDT, LRS-TRX, and LRS-HTX can be redeemed for rewards denominated in their respective base currencies.
Among these, LRS-USDT, LRS-TRX, and LRS-HTX points are now open for redemption. LRS-BTC and LRS-ETH points will become redeemable within 14 days after the relevant on-chain project airdrops (expected post-April 2024, subject to actual airdrop timing). Redeemed rewards will be directly credited to users’ spot accounts.
HTX believes the introduction of liquid restaking tokens (LRTs) marks an innovative leap forward in the field of crypto staking. By unlocking liquidity from staked assets, LRTs allow capital to be restaked across multiple networks and services to generate additional yields—significantly improving capital efficiency and return potential. HTX will continue monitoring developments in this space and invite users to participate in new projects under controlled risk conditions, providing further incremental yield opportunities.
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
