Reward Pool Doubled for HTX Liquid Restaking with $50M Staking Quota Addition! Team Up to Reap More Rewards
- Latest News
Dear HTX Users,
We are excited to announce that HTX will add another $50 million in the staking quota for the Liquid Restaking event to double the current reward pool at 09:00 (UTC) on March 25, 2024. Meanwhile, other exhilarating new features will be introduced, offering a potential 150% boost to your rewards.
After the addition of another $50 million staking quota, participants will be able to share in the rewards generated by the platform's $100 million staking quota, comprising 500 BTC, 5,000 ETH, 50,000,000 USDT, 50,000,000 TRX, and 3,000,000,000,000 HTX. You can register for Liquid Restaking with your Spot and Futures account balances snapshotted to earn rewards, including cyrptos and initial airdrops of popular projects.
- New Features of the Event:
(1) Futures accounts are also eligible for participation. You can share corresponding crypto rewards after the platform captures a snapshot of your asset holdings in your Spot account and net equity in your Futures account.
(2) Users have the chance to receive up to a 150% boost on their rewards through the following means:
- Join or create a team.
- Daily trading fees, including net fees generated from spot, margin, and futures trading. The higher the daily trading fees, the greater the boost on rewards.
- $HTX holdings (in Spot and Earn accounts).
How to participate in HTX Liquid Restaking: Click here to join now>>>
- About HTX Liquid Restaking:
Users can register for Liquid Restaking with their spot and futures account balances snapshotted to earn rewards, including cryptos and early airdrops of popular projects such as EigenLayer, Merlin Chain, etc.
Rewards you can expect to receive:
- EigenLayer's initial airdrop (A trending Ethereum restaking project with TVL of over $7 billion)
- Puffer's initial airdrop (A trending Ethereum restaking project with TVL of over $1 billion)
- Merlin Chain's initial airdrop (A Bitcoin Layer 2 solution with TVL of over $1.5 billion)
- BounceBit's initial airdrop (A Bitcoin staking chain with TVL of over $0.45 billion)
- Crypto rewards, such as ETH, USDT, HTX, and TRX
*Event rewards will be distributed in various LRS points. You can redeem these points for corresponding cryptocurrencies after the designated projects distribute airdrops.
* Risk Reminder: HTX Liquid Restaking is a service introduced by HTX, allowing users to participate in Restaking projects on the blockchain for rewards. Specifically, the platform stakes assets enabled by users in corresponding projects and helps them earn rewards. The platform conducts rigorous screening of Restaking projects across various dimensions, including smart contract security audits, code reviews, team composition, Total Value Locked (TVL), etc. Due to the increasing participating amount, the platform will no longer be liable for losses of assets you've enabled for the event, resulting from abnormal risk events such as smart contract vulnerabilities in on-chain projects, hacker incidents, suspension or termination of services by third-party platforms, or business closures. Assets that you've not enabled or have already exited HTX Liquid Restaking will remain unaffected in the event of on-chain risks.
For further details, please refer to the previous event announcement:
https://www.htx.com.co/support/en-us/detail/104962650981126
- Boost Rules:
Participants can acquire boosts, which are applicable to the cryptocurrencies they've enabled in Liquid Restaking. This enhancement increases their sharing weight, thereby yielding higher rewards from the event.
Take BTC as an example. The rewards that a participant earns from the event can be calculated using the following formula: Participant's LRS-BTC points for a single day = Total boost (%) × (Participant’s BTC participating amount/Total BTC participating amount) × Total LRS-BTC points issued on that day.
- Total boost (%) = Team's boost (%) + Boost (%) from daily trading fees + Boost (%) from $HTX holdings
- Participant’s BTC participating amount = The latest snapshot of the participant's BTC balance in the Spot account + BTC net equity in the Futures account.
- Total BTC participating amount = The total amount of BTC involved in the HTX Liquid Restaking event.
- The total LRS-BTC points issued each day are determined by the BTC staking quota of that day. Every 500 LRS-BTC points represent the rewards generated from staking 1 BTC on-chain for one day.
Participants can acquire boosts through the following three methods:
(1) Daily trading fees
After participants register for the event, their trading fees will be recorded by the platform. After 4 days of registration, they will receive a corresponding boost. Please note that daily trading fees are net fees generated from spot, margin, and futures trading.
- Participants with daily trading fees < $1,200 will enjoy an X% boost on rewards, calculated as follows: X% = (daily trading fees / $1,200) * 8%.
- Participants with daily trading fees ≥ $1,200 will enjoy an 8% boost on rewards.
(2) $HTX holdings
Participants or teams will receive a boost based on the latest snapshot of $HTX holdings (in Spot and Earn accounts).
- Participants with $HTX holdings (X) falling within this range (5 billion $HTX ≤ X < 50 billion $HTX) will enjoy a 3% boost on rewards.
- Participants with $HTX holdings ≥ 50 billion $HTX will enjoy a 6% boost on rewards.
(3) Join or create a team
- Participants can either join a team or create one by teaming up with friends. A team is eligible to receive a boost, which all team members can enjoy.
- A team's boost is determined by its level, which is calculated based on the total participating amount contributed by all team members. As the team's level rises, it becomes eligible for a higher boost.
- Each team can have a maximum of 2,000 members. The team leader, besides benefiting from the team's boost, can receive an extra 20% boost.
| Team Level |
Team's Participating Amount |
Boost |
| Lv1 |
$0 |
0% |
| Lv2 |
$2,000 |
1% |
| Lv3 |
$5,000 |
2% |
| Lv4 |
$12,000 |
3% |
| Lv5 |
$22,000 |
4% |
| Lv6 |
$50,000 |
6% |
| Lv7 |
$100,000 |
7% |
| Lv8 |
$300,000 |
8% |
| Lv9 |
$600,000 |
12% |
| Lv10 |
$1,000,000 |
15% |
| Lv11 |
$2,000,000 |
18% |
| Lv12 |
$3,000,000 |
21% |
| Lv13 |
$5,000,000 |
23% |
| Lv14 |
$8,000,000 |
25% |
| Lv15 |
$12,000,000 |
28% |
| Lv16 |
≥ $20,000,000 |
30% |
How to create a team: Visit Liquid Restaking event page > Click on Boost > Create Team > Set up the team profile > Share the invitation poster or link with friends.
How to join a team: Scan the QR code on the invitation poster / click the invitation link > Visit Liquid Restaking event page > Confirm / Enter the team invitation code > Join the team.
Notes:
1. HTX reserves the right to modify the terms of the feature and rewards. Please stay updated with the official announcements for any changes.
2. HTX will no longer be liable for losses of assets you've enabled for the event, resulting from abnormal risk events such as smart contract vulnerabilities in on-chain projects, hacker incidents, suspension or termination of services by third-party platforms, or business closures. Assets that you've not enabled or have already exited HTX Liquid Restaking will remain unaffected in the event of on-chain risks.
3. Participation in Liquid Restaking imposes no restrictions on operations of spot assets, including but not limited to trading, transfers, deposits, and withdrawals.
4. Participants who are found to be involved in any fraudulent behaviors, including but not limited to money laundering, manipulation of multiple accounts, and self-trading, will be disqualified. HTX reserves the right to freeze the cheating accounts, confiscate any gains from the fraudulent behaviors, and impose other penalties as necessary.
5. HTX reserves the right for final interpretation of this event and the right to amend, change or cancel this event at any time.
6. Due to local compliance requirements, users from some countries and regions are not eligible to participate in this event. Please refer to HTX User Agreement for details.
7. The above is for information purposes only and HTX makes no recommendations or guarantees in respect of any virtual asset, product, or promotion on HTX.
HTX Team
March 25, 2024
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HTX reserves the right in its sole discretion to amend or change or cancel this announcement at any time and for any reasons without prior notice. The above is for information purposes only and HTX makes no recommendations or guarantees in respect of any virtual asset, product, or promotion on HTX. Prices of virtual assets are highly volatile and trading virtual assets involves risk. Please read our Risk Reminder text here.
