Huobi Global launches DeFi Liquidity Mining staking program

Huobi Global has launched the first phase of the DeFi Liquidity Mining campaign, which provides rewards for staking HT and HPT tokens.

🚀#Huobi Liquidity Mining Launched!

Yield HT / HPT — Earn DeFi Tokens!

⛽️ZERO Gas Fees

$10,000,000 USDT worth of #crypto available

One-Click and DONE!

Details 👇

— Huobi (@HuobiGlobal) September 7, 2020

Huobi allocated $5 million in assets for the rewards.

The exchange plans to run several more rounds of the program, with an expected total rewards of $10 million.

The staking cycle for the exchange tokens lasts 14 days, and early termination is not permitted.

Minimum and maximum locked amounts apply: for Huobi Token (HT) the limits are 100 and 5,000 tokens; for Huobi Pool Token (HPT) the limits are 100,000 and 4,000,000 tokens.

In total, the DeFi Liquidity Mining program aims to lock 800,000 HT and 80,000,000 HPT.

Rewards will be paid in CRV tokens of the DeFi protocol Curve, with daily distribution.

Earlier, the exchange operator created a division for developing decentralised finance projects with assets in the tens of millions of dollars. Huobi DeFi Labs has already formed the “international consortium of centralized and decentralized financial services providers and platforms,” Global DeFi Alliance, to which projects such as MakerDAO, Compound, Nest and dYdX have joined.

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