TechFlow news — On April 1, according to an official announcement from Huobi, the exchange has launched a series of initiatives to support the Ethereum Shanghai upgrade. The announcement stated that from 20:00 on April 1 to 20:00 on April 30, Beijing time, users participating in Huobi's ETH2.0 staking program can enjoy up to 15% annualized returns. Specifically, when the newly added staking amount is no less than 1 ETH, users will receive approximately 5% annualized yield from on-chain staking for up to 30 days, plus an additional 10% APY subsidy provided by the Huobi platform. Additionally, between 20:00 on April 1 and 20:00 on April 12, users who stake at least 1 ETH will be eligible to share a 50,000 USDT staking reward pool based on their proportion of new staking volume. Among them, the top three users with the highest new staking amounts will receive 7,000 USDT, 4,000 USDT, and 2,000 USDT respectively.
It is reported that the Ethereum Shanghai upgrade is expected to take place at 06:27:35, Beijing time, on April 13.
