Since the launch of HTX’s Restaking activity, user profits have performed well. According to platform data, over 100,000 users have participated in HTX’s Restaking activity, with a historical highest annualized return rate of 88%. In addition, the total active staking amount on the platform is steadily increasing. It is understood that the upcoming airdrops for popular projects such as zkLink and EigenLayer have potential earnings of over 100%.
Since the recent Bitcoin halving event on April 19th, which reduced the block reward for mining a new BTC block, BTC miners have begun to show signs of “surrender” by closing underperforming equipment and selling BTC to hedge risks. Historically, this usually indicates that the price has bottomed out.
Against this backdrop, Restaking airdrops, as one of the hottest tracks in the past six months, are in season. Airdrops for projects such as BouncebBit, ETHFI, and zkLink have attracted market attention.
Restaking ignites new possibilities for DeFi
In the past six months, various Restaking projects have emerged. With over $20 billion in assets participating in the Restaking track, well-known institutions such as the Ethereum Foundation, Polychain, and ABCDE, mainstream platforms like HTX, Binance, OKX, and other ecosystem leaders have joined the construction together.
As an innovative blockchain technology, Restaking allows users to re-stake their already staked cryptocurrencies to earn additional returns on the same asset. This mechanism is usually implemented through smart contracts, ensuring transparency and security throughout the original staking and re-staking processes.
Compared to traditional staking, in the Restaking model, users can stake their equity on top of the original stake to earn additional returns.
The emergence of Restaking has had a profound impact on the cryptocurrency market. Firstly, it provides more opportunities for holders to earn returns, increasing user participation. Secondly, through multi-layer staking mechanisms, it enhances the security and stability of the entire blockchain network. Additionally, Restaking has also prompted the emergence of more innovative projects and applications, further driving the development of the cryptocurrency ecosystem.
Advantages of HTX’s Restaking: On-chain airdrops, no lock-up, professional team risk control
HTX has been paying attention to the progress of various Restaking projects and has repeatedly increased the rewards for its recommended Restaking activity, which has now reached over $150 million. Recently, a new version with clearer benefits has been launched, upgrading LRS points to r points automatically.
Different from on-chain complex operations and personal project selection confusion, HTX’s Restaking has the following advantages:
– Carefully selected projects: Following Sun Yuchen’s billion-dollar investment, a professional research team selects projects based on security audits, on-chain participation volume, team composition, and other dimensions.
– High security: HTX uses multiple signatures and cold wallet storage to ensure the security of user assets.
– Excellent user experience: The HTX platform has a simple and intuitive interface, with zero thresholds, no lock-up, and one-click Restaking without the need for personal on-chain operations.
– On-chain airdrops: Participate in multiple projects with equivalent assets, automatically adjust positions, seamlessly participate in Restaking without limitations.
HTX’s Restaking for r-BB (r-Bouncebit) point exchange started on July 2nd and simultaneously doubled the daily r-ETHFI rewards. The specific updates are as follows:
– r-BB exchange start date: July 2, 2024.
– Daily r-ETHFI exchange rewards: Increased from a daily distribution of 50,000 r-ETHFI to 100,000 r-ETHFI, with the exchange rate unchanged.
– Duration of doubled r-ETHFI rewards: July 2, 2024, to July 16, 2024, and will continue to increase thereafter.
In the future, HTX Restaking is expected to continue expanding its business scope, introducing more innovative products and services, and increasing airdrop shares and adding airdrops for new star projects based on the participation in Liquid Restaking, helping HTX users surpass on-chain earnings.
As HTX’s exclusive CEX platform airdrop activity, Restaking helps users participate in on-chain airdrops of popular star projects in the billion-dollar track for free and without thresholds. Simply sign up to participate through the HTX APP, Earn Coins, and Restaking. Join the HTX platform’s Restaking activity now to share the on-chain dividends of the Restaking track.
*Disclaimer: This press release is not an official release from Gyro Technologies. Any legal issues arising from this press release are not related to Gyro Technologies.