HTX Offers 6% Annual Yield on Futures Accounts

On November 14, cryptocurrency exchange HTX rebranded its Liquid Restaking service, unveiling its updated version named SmartEarn. To mark the occasion, the exchange announced a giveaway of $300,000 in HTX DAO (HTX) tokens, according to a press release.

SmartEarn users can earn an annual yield of 6% by holding Tether (USDT) stablecoins in futures accounts. To subscribe to the service, users need to visit the SmartEarn section on HTX and click the “Activate” button.

SmartEarn clients can enjoy stable returns on their assets while simultaneously trading in futures markets. There are no lock-up periods or participation requirements for USDT.

“After opening a futures account on HTX, you can receive daily rewards on USDT assets regardless of your position status. The more funds you deposit into your futures account and the longer they remain, the greater the income you will earn,” the press release states.

The yield is distributed as r-stU points, which can be exchanged for USDT at any time by clicking the “Claim” button on the SmartEarn page. After conversion, the exchange credits stablecoins to the spot account. HTX plans to add more assets to SmartEarn in the future.

To celebrate the product launch, the exchange will host a trading tournament. Participants who achieve a cumulative futures trading volume exceeding 20,000 USDT will share a prize pool of $300,000 in HTX tokens. The top trader will receive $50,000 in HTX.

Previously, HTX conducted several airdrop campaigns on Liquid Restaking, distributing r-EIGEN and r-PUFF points. Users could exchange these for staking rewards in Ethereum (ETH) protocols EigenLayer and PufferFinance. With the launch of SmartEarn, HTX will no longer distribute airdrops, but users can still convert existing points.

Rewards in HTX and Tron (TRX) tokens will also cease. Income on these assets can be earned through Simple Earn products.

“For spot accounts, users can utilize the Simple Earn investment product with a 4% annual yield on USDT,” noted representatives of the trading platform.

HTX is a cryptocurrency exchange founded in 2013. The platform supports spot, futures, and P2P trading.

The platform supports spot, futures, and P2P trading. Previously, HTX spokesperson Liu Ye shared plans to enhance the tokenomics of HTX DAO.