Updates on Liquid Restaking: Adding $50M Quota, New Point System, One-Click Reward Claims

Dear HTX Users,

Token airdrops of premium restaking projects such as EigenLayer, BounceBit are approaching. Simply join the HTX Liquid Restaking event by holding assets in your Spot/Futures account, and you can easily claim the airdrops.

More excitingly, HTX will launch a brand-new version of Liquid Restaking on May 16, 2024, at 09:00 (UTC). This upgrade includes an additional $50M quota, with the event quota totaling $150M.

Moreover, the event will adopt a new point system of r-points effective from May 16, which can be redeemed for rewards provided by corresponding projects. Points you earned before May 16 will be automatically updated to r-points.

After the upgrade, HTX will continuously increase the event quota and introduce new premium projects based on the event participation to help you earn more than on-chain retaking.

Allocation of Additional $50M Quota:

• An increase of a 5,000 ETH quota allocated to EigenLayer and Puffer, effective from May 16. Accordingly, you will get airdrop rewards from EigenLayer on a total quota of 5,000 ETH and from Puffer on a total quota of 5,000 ETH daily.
• An increase of a 250 BTC quota allocated to BounceBit, effective from April 19. Accordingly, you will get airdrop rewards from BounceBit on a total quota of 500 BTC daily.
• An increase of 2,000B $HTX and 30,000,000 TRX quotas, effective from May 16. You will get more rewards accordingly.

Hold assets in your Spot/Futures account now to easily participate in Liquid Restaking with no lockups and no staking and earn more airdrops from popular projects, such as BounceBit, EigenLayer, and Puffer.

Please stay tuned for upcoming additional airdrop rewards. Greater airdrops come with earlier participation!

How to participate in HTX Liquid Restaking: Click here to join now>>>

I. Distribution Rules of r-Points:

After the upgrade, you will receive r-points based on the cryptocurrency you enable for the event, which can be redeemed for airdrops from corresponding projects.

BTC
Type	Before	After
Reward	BTC staking rewards	100% BounceBit airdrops
Daily Quota	500 BTC	500 BTC
Daily Point	250,000 LRS-BTC	250,000 r-BB
ETH
Type	Before	After
Reward	ETH staking rewards	100% rewards from Lido	50% from EigenLayer airdrops	50% from PufferFinance airdrops
Daily Quota	5,000 ETH	10,000 ETH	5,000 ETH	5,000 ETH
Daily Point	150,000 LRS-ETH	300,000 r-stETH	150,000 r-EIGEN	150,000 r-PUFF
USDT
Type	Before	After
Reward	USDT staking rewards	100% stUSDT rewards
Daily Quota	50M USDT	50M USDT	-	-
Daily Point	500,000 LRS-USDT	500,000 r-stU
TRX
Type	Before	After
Reward	TRX staking rewards	100% node rewards in TRX
Daily Quota	50M TRX	80M TRX	-	-
Daily Point	70,000 LRS-TRX	114,285 r-TRX
HTX
Type	Before	After
Reward	$HTX	100% $HTX	-	-
Daily Quota	3,000B $HTX	5,000B $HTX
Daily Point	60,000 LRS-HTX	100,000 r-HTX

II. r-Points Explained:

Applicable Crypto	Point (Before)	Point (After)
BTC	LRS-BTC	r-MERL	r-BB	-
	It refers to on-chain rewards by staking BTC. 500 LRS-BTC ≈ Rewards by staking 1 BTC per day	It can be redeemed for Merlin Chain airdrops. 3.5089 r-MERL = 1 MERL	It can be redeemed for BounceBit airdrops. 500 r-BB ≈ Rewards by staking 1 BTC on BounceBit per day	-
ETH	LRS-ETH	r-stETH	r-EIGEN	r-PUFF
	It refers to on-chain rewards by staking ETH. 30 LRS-ETH ≈ Rewards by staking 1 ETH per day	It can be redeemed for Lido staking rewards. 30 r-stETH ≈ Rewards by staking 1 ETH on Lido per day	It can be redeemed for EigenLayer airdrops. 30 r-EIGEN ≈ Rewards by staking 1 ETH on EigenLayer per day	It can be redeemed for PufferFinance airdrops. 30 r-PUFF ≈ Rewards by staking 1 ETH on PufferFinance per day
USDT	LRS-USDT	r-stU	-	-
	It refers to on-chain rewards by staking USDT. 1 LRS-USDT ≈ Rewards by staking 100 USDT per day	It can be redeemed for stUSDT staking rewards. 1 r-stU ≈ Rewards by staking 100 USDT on stUSDT per day	-	-
TRX	LRS-TRX	r-TRX	-	-
	It refers to on-chain rewards by staking TRX. 1 LRS-TRX ≈ Rewards by staking 700 TRX per day	It can be redeemed for rewards by staking on TRON POS nodes. 1 r-TRX ≈ Rewards by staking 700 TRX on POS nodes per day	-	-
HTX	LRS-HTX	r-HTX	-	-
	It refers to rewards in $HTX. 1 LRS-HTX ≈ Rewards on a 50M $HTX quota per day	It can be redeemed for rewards in $HTX. 1 r-HTX ≈ Rewards on a 50M $HTX quota per day

III. Automatically Mapping LRS Points to r-Points:

LRS points you earned by May 12, 2024, 16:00 (UTC) will be proportionally mapped to the corresponding project points, marked as r-points after the upgrade.

• Example: 10 LRS-ETH = 10 r-stETH 5 r-EIGEN 5 r-PUFF

Mapping Ratio:

Crypto	Original Point	New Point
BTC	1 LRS-BTC (Between February 29 and April 19)	*0.5 r-MERL	0.5 r-BB	-
BTC	1 LRS-BTC (After April 19)	-	1 r-BB	-
ETH	1 LRS-ETH	1 r-stETH	0.5 r-EIGEN	0.5 r-PUFF
USDT	1 LRS-USDT	1 r-stU	-	-
HTX	1 LRS-HTX	1 r-HTX	-	-
TRX	1 LRS-TRX	1 r-TRX	-	-

*About r-MERL Mapping and Redemption:

LRS-BTC your earned before April 14 will be mapped to r-MERL. Please note that 50% of your r-MERL will not be displayed in the total r-MERL counts as 50% of your MERL rewards were distributed in April, however, you can still check the portion of points in your redemption history. Additionally, the rest 50% of your r-MERL points will be given in a lump sum, aligning with the on-chain schedule of MERL. You can redeem r-MERL for MERL airdrops after the receipt.

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. More excitingly, you can choose to join a team to get a boost on your rewards.

Rewards you can expect to receive:

• EigenLayer's initial airdrop (A trending Ethereum restaking project with TVL of over $14.7 billion)
• Puffer's initial airdrop (A trending Ethereum restaking project with TVL of over $1.3 billion)
• Merlin Chain's initial airdrop (A Bitcoin Layer 2 solution with TVL of over $3.2 billion)
• BounceBit's initial airdrop (A Bitcoin staking chain with TVL of over $1 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.

Terms & Conditions:

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 is not 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. 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.

4. HTX reserves the right for final interpretation of this event and the right to amend, change or cancel this event at any time.

5. 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.

6. 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

May 13, 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.