Huobi will provide 50 million USDT to start "locking HT to participate in DeFi liquidity mining"

According to the announcement on the official website, Huobi Global will launch a series of activities in the near future, "Locking HT to Participate in DeFi Liquidity Mining". Huobi Global has prepared blockchain assets equivalent to 50 million USDT for DeFi liquidity mining. The first phase of 10 million USDT assets will be launched in batches. Users of HPT.

According to the announcement, users only need 100HT or 100,000 HPT to start voting, and the opening time and participation method will be notified in advance in the form of an announcement. According to the analysis of market participants, it is estimated that the reward rate (accumulated for 365 days) for users to lock HT to participate in DeFi liquidity mining is about 50%~300%, which will increase the demand for buying HT in a short period of time.

Due to the high cost and complicated operation for ordinary users to participate in DeFi mining, Huobi launched the "Lock HT to participate in DeFi liquidity mining", which greatly simplifies the operation process for ordinary investors to participate in DeFi mining, reduces the participation cost, and will Push more users to participate in the DeFi wave.

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100HT can participate, the expected reward rate is 50%-300%

Market analysts said that due to the continuous increase in the market's enthusiasm for DeFi mining, resulting in Ethereum network congestion and high gas fees, ordinary investors cannot participate in DeFi mining due to lack of funds and complicated operations.

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The development of DeFi is now clearly showing a large-scale, institutionalized, and professional situation. It is almost difficult for ordinary users to participate, the professionalism is too strong, and there is still a big gap in the friendliness and ease of user interaction. Ordinary users cannot enter the DeFi market. This is the biggest bottleneck and opportunity of DeFi.

Huobi seized the pain points and opportunities of DeFi and launched "Lock HT to participate in DeFi liquidity mining". Users do not need complicated operations and high transaction fees on the chain, they only need to participate in Huobi Global WEB/APP, and the threshold is only 100HT or 100,000 HPT.

Referring to YFI, CRV, SUSHI, YFV and other popular DeFi liquidity mining projects in the market, it is estimated that the reward rate (accumulated for 365 days) for users participating in DeFi liquidity mining in Huobi Lockup HT is about 50%~300%.

The currency standard risk is zero, which will increase the demand for HT in the short term

According to the announcement, the lock-up period of "locking HT to participate in DeFi liquidity mining" is fixed for 30 days, and will be automatically unlocked after expiration; early redemption is not supported for the time being. Reward distribution: Lock the warehouse on T day (the current day), and calculate and distribute the rewards to the account on T+1 day (the next day). The first phase of the event is in hot preparations, and the opening time and participation method will be notified in advance in the form of an announcement.

It is worth noting that all the rewards generated by mining will be given back to users who participate in the activity to lock HT and HPT. That is to say, after users unlock HT, they will get about 50%~300% of DeFi liquidity mining according to the lock-up share. The reward rate of the mine, and the locked HT will be automatically unlocked when it expires, and the currency standard risk is zero.

In addition, due to the excessively high token prices and large fluctuations of some DeFi liquidity mining projects, ordinary users have greater risks in trading in the secondary market. Risky mining method to obtain DeFi tokens.

The HT locked by the user is still included in the position snapshots of Prime, FastTrack, HT Lotto and other activities, and the locked interest is still there, which is essentially to empower HT.

Huobi Global stated in the announcement that the series of activities of "Locking HT to Participate in DeFi Liquidity Mining" is a trial run, and Huobi will add more periods depending on the effect of the first period of activities, and blockchain assets equivalent to 50 million USDT will be used for DeFi liquidity mining will generate considerable income, which will increase the demand for HT in the short term.

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