One-click new token subscription plus $50 million! HTX's liquidity staking reward pool increased to $150 million—upgrade your points to claim airdrops
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One-click new token subscription plus $50 million! HTX's liquidity staking reward pool increased to $150 million—upgrade your points to claim airdrops
Increased reward allocation: over $150 million in total.
Navigating Web3 tides with focused insightsAs the airdrop season approaches for star projects in the Restaking sector, HTX (formerly Huobi) has upgraded its Liquid Restaking initiative with enhanced rewards, generously rewarding user participation in Restaking. Amid market volatility, HTX's campaign stands out as both stable and highly attractive.
Rewards Increased: Over $150 Million in Total
HTX’s Liquid Restaking will launch an updated version on May 16, 2024, at 17:00 (UTC+8), adding an additional $50 million in rewards, bringing the total to over $150 million.
According to HTX's official announcement, following the reward increase, the total prize pool for participating in HTX’s Liquid Restaking campaign exceeds $150 million, including 5,000 ETH, 250 BTC, 2 billion HTX tokens, and 30 million TRX. Users can register using their spot or futures account balances and instantly gain access to airdrops from prominent projects such as EigenLayer and BounceBit.
Details of the additional $50 million in rewards are as follows:
● Additional 5,000 ETH allocation for EigenLayer and Puffer airdrops: Effective May 16, participants staking ETH will receive daily allocations—5,000 ETH worth of EigenLayer airdrops and 5,000 ETH worth of Puffer airdrops.
● Additional 250 BTC allocation for BounceBit airdrops: Effective April 19, participants staking BTC will receive daily allocations of up to 500 BTC worth of BounceBit airdrops.
● Additional 2 billion HTX and 30 million TRX rewards: Effective May 16.
New Version Launch: LRS Points Automatically Upgraded to r Points
The new version will introduce "r points," representing entitlements to specific project airdrops. These r points can be directly redeemed for corresponding airdropped tokens. The upgrade takes effect on May 16, and all existing points held before that date will be automatically converted into r points.
After the upgrade, users will earn r points corresponding to the assets they participate with, and the total reward pool will continue to grow. For detailed information on r point distribution rules, please refer to the official HTX event announcement. A summary of r points is shown in the table below:
To help users better understand their entitlements when claiming airdrops, LRS points will be automatically upgraded to r points. All points held prior to May 12, 2024, 24:00 (UTC+8), will be proportionally mapped to respective project-specific r points. For example, 10 LRS-ETH points held before the upgrade will convert to 10 r-stETH, 5 r-EIGEN, and 5 r-PUFF after the upgrade.
For full details on the conversion ratios, see the official announcement: Additional $50 Million in Rewards! Liquid Restaking Bonus Pool Expanded, Points Upgrade Enables Airdrop Claims (htx.com).
As the first exchange within the industry to allow platform users barrier-free participation in on-chain Restaking, HTX’s Liquid Restaking—featuring no lock-up requirements, no staking constraints, high yields, and greater flexibility—remains far ahead of competitors, demonstrating strong competitiveness. Investors interested in the Restaking sector, aiming to capture this wave of on-chain opportunities while maintaining asset liquidity, should pay close attention to HTX’s platform offerings.
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