Top players emerge in Huobi HTX's liquid restaking event, with one individual staking over $5 million in assets
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Top players emerge in Huobi HTX's liquid restaking event, with one individual staking over $5 million in assets
After the upgrade of Huobi's Liquid Restaking event, in addition to adding $50 million in allocation, an interesting team gameplay has been introduced.
Navigating Web3 tides with focused insightsOn March 25, Huobi HTX officially announced an increase in its Liquid Restaking rewards pool to $100 million, along with the addition of a team-based gameplay feature that can accelerate rewards by up to 150%.
Ethereum's New Frontier: Liquid Restaking
Restaking was first introduced by Eigenlayer’s founder. It allows ETH already staked on Ethereum to be restaked onto other consensus protocols. ETH stakers can thus earn not only Ethereum staking rewards but also additional returns from AVS (Actively Validated Services) through restaking.
Currently, the market capitalization of Liquid Restaking on Ethereum has surpassed $7.4 billion, an 85% increase compared to one month ago.
At its core, Restaking is a shared security mechanism that enables the same assets to be simultaneously staked across multiple decentralized applications or blockchains, providing them with security. For example, a small and emerging country does not need to spend heavily to build its own military forces; instead, it can invite foreign military support in exchange for sharing part of its benefits.
Advantages of Huobi’s Liquid Restaking
Huobi’s campaign offers everyone access to Liquid Restaking with very low barriers—participants simply need to join the event and hold assets in their spot or futures accounts, making it significantly simpler than on-chain operations.
Participating directly on-chain requires navigating different public chains with varying asset requirements: BTC on Bitcoin, ETH on Ethereum, and SOL on Solana. To join a specific project, users must convert their assets into the required token. On Huobi, however, there's no need to swap assets—even holding just USDT allows users to proportionally share in all restaking project rewards based on their asset amount.
Moreover, as Restaking is still in its early stages, projects vary widely in quality and risk level. It is difficult for individuals to thoroughly research each project or accurately assess potential risks. By depositing funds into a Huobi account, users benefit from Huobi’s professional asset team, which carefully selects high-quality new projects for investment.
The Campaign Attracts High-Quality Users
After upgrading its Liquid Restaking campaign—adding another $50 million to the rewards pool—Huobi introduced an engaging team-based gameplay feature.
Users can join or create teams and invite friends. All team members earn acceleration values based on their team’s level. The higher the team scale—the total participation amount of all members—the higher the team level and corresponding acceleration. For instance, a $20 million team achieves 30% acceleration. Each team supports up to 2,000 members, and team leaders receive an additional 20% acceleration on top of the team’s base acceleration.
This feature has attracted many well-funded players who form their own teams. Within just two days of launch, two teams exceeding $10 million in size had already emerged. The current leading team, HTX60, has surpassed $20 million and reached the highest tier.
With a $20,000 incentive for team leaders, some captains have individually contributed over $5 million to boost their team rankings. The top-ranking teams are primarily composed of high-net-worth participants with millions in assets.
Upgraded features such as futures account eligibility, increased rewards to $100 million, and HTX holdings-based acceleration have placed Huobi HTX’s Liquid Restaking offering far ahead of competitors among exchanges.
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