HTX's Liquid Restaking event has performed exceptionally well since its launch, particularly in terms of earnings. Platform data reveals that the number of participants has exceeded 100,000, with annual percentage yields (APYs) hitting up to 88%. The active assets engaged in the event are also on a steady rise. Upcoming airdrops from hot projects like zkLink and EigenLayer are expected to push APYs over 100%.
This development occurs in the context of the recent Bitcoin halving event on April 19, where the block reward for mining a new Bitcoin was cut in half. This reduction has put pressure on Bitcoin miners, leading some to shut down underperforming equipment and sell Bitcoin to hedge against risks. Historically, such miner behavior signals that the market has bottomed out.
The restaking sector, which has been one of the hottest areas in the cryptocurrency market over the past six months, is now in its prime. Projects like BounceBit, ETHFI, and zkLink are generating significant market buzz.
Restaking Ignites New DeFi Possibilities
Over the past six months, restaking projects have flourished, with more than $20 billion in assets engaged. This sector has attracted a wide array of builders, including renowned institutions like the Ethereum Foundation, Polychain Capital, and ABCDE Capital, as well as major platforms like HTX, Binance, and OKX.
Unlike traditional staking, restaking allows users to re-stake their staked assets to generate additional earnings. This innovative model utilizes smart contracts to ensure transparency and security for both the original staking and the restaking processes.
The emergence of restaking has a wide-ranging positive impact on the cryptocurrency market. It provides crypto holders with more earning opportunities, thereby boosting market participation. The multi-layered staking mechanism also enhances the overall security and stability of blockchain networks. Furthermore, restaking has spurred the development of more innovative projects and applications, driving the growth of the cryptocurrency ecosystem.
Strengths of HTX's Liquid Restaking: On-chain Airdrops, No Lockups, and Strict Risk Management
HTX, a world-leading exchange, has been closely monitoring restaking projects and has increased its Liquid Restaking quota to over $150 million. Recently, it introduced a new version of the event, featuring a clearer reward display and automatic updates from LRS points to r-points.
The event distinguishes itself with several advantages:
● Professional Team: Restaking projects are selected by a top-notch investment research team, evaluated across multiple dimensions such as security audits, on-chain total value locked (TVL), and team composition.
● High Security: HTX employs various security measures, including multi-signature and cold wallets, to safeguard users' assets.
● Extreme User Experience: The event offers a user-friendly interface, zero entry requirements, no lockups, and one-click operation. No manual on-chain operations are required.
● On-chain Airdrops: Automatic restaking adjustments allow assets to engage in multiple projects simultaneously, maximizing earnings.
Starting on July 2, 2024, HTX will enable the redemption feature for r-BB (r-BounceBit) and double the daily r-ETHFI giveaway. Specifically:
1. r-BB redemption opens on July 2, 2024.
2. Daily r-ETHFI points will be doubled from 50,000 to 100,000, with the redemption rate remaining unchanged.
3. The r-ETHFI Boost Period will run from July 2 to July 16, 2024, with more boosts to follow.
HTX plans to continuously expand its Liquid Restaking event by increasing the quota and introducing new premium projects based on event participation, aiming to help participants earn more than through on-chain restaking.
Liquid Restaking is a CEX-based airdrop event launched by HTX, allowing users to effortlessly enjoy popular on-chain airdrops for free, with no entry barriers. The restaking space boasts a market cap of tens of billions of dollars, making it a lucrative opportunity. Participation is simple with just a single click on the event page via the HTX app.
