Huobi supports ETH Shapella upgrade, enjoy an additional 10% APY on staking and share 50,000 USDT!

 New Listings    |      2023-03-31

Dear users,

In September 2022, Ethereum successfully transitioned to the Proof of Stake (PoS) consensus mechanism. On April 12th, 2023, it is expected that ETH will undergo the Shanghai upgrade, comprehensively optimizing the Proof of Stake consensus. Huobi has always been paying close attention to the development of the Ethereum ecosystem and is committed to providing users with an excellent investment experience.

As an Ethereum PoS validator, the Huobi node has been operating stably for two years, witnessing important events such as The Merge, the rise of MEV, and the Goerli testnet rehearsal. At the same time, Huobi has opened the ETH2.0 staking service to global users. By exchanging/purchasing Huobi BETH with ETH, you will enjoy equal rights and benefits. After the Shanghai upgrade, Huobi will also provide the BETH to ETH exchange service in sync with the on-chain updates.

To celebrate the Ethereum Shanghai upgrade, Huobi has specially planned a series of rewarding events. We sincerely invite you to participate and contribute to the prosperity of the ETH ecosystem together!

Join ETH2.0 Now and Earn Returns by Staking

Event 1: Participate in ETH 2.0 Staking, Enjoy Up to 15% Annualized Returns

Event Duration: April 1, 2023, 12:00 - April 30, 2023, 12:00 (UTC)

Event Rules:

  1. After the event starts, participate in ETH2.0 staking with a new staking amount ≥ 1 ETH to enjoy up to 30 days of on-chain staking returns at an annualized rate of about 5% + an additional 10% APY subsidy from the platform (only the newly staked portion during the event period is eligible for the additional 10% APY subsidy).
  2. For the new staking of 1 ETH, you can enjoy an additional 10% APY subsidy; for the staking of 1~50 ETH, you can enjoy an additional 2% APY subsidy.

Event 2: Participate in ETH2.0 Staking and Share 50,000 USDT

Event Duration: April 1, 2023, 12:00 - April 12, 2023, 12:00 (UTC)

Event Rules:

  1. After the event starts, participate in ETH2.0 staking with a new staking amount ≥ 1 ETH to be eligible for the prize pool share.
  2. Only the newly staked ETH portion during the event period will be counted for the reward sharing calculation.

Ranking

Rewards

1st place

7,000 USDT‬

2nd place

4,000 USDT‬

3rd place

2,000 USDT‬

4th-10th place

1,000 USDT‬

Users beyond the top 10

Share 30,000 USDT according to the proportion of their staked amount.

Terms and Conditions:

  1. A minimum of 1 ETH in new staked amount is required to participate in the event.
  2. The additional interest for Activity 1 will be continuously distributed starting the day after the interest calculation begins.
  3. Rewards for Activity 2 will be distributed to your Huobi account within 14 working days after the event ends. If you haven't received the rewards within 14 working days, please contact our 24-hour online customer service or send an email to support@huobigroup.com for assistance.
  4. During the event, if there are any malicious behaviors such as volume brushing, bulk registration of small accounts, self-purchasing and self-selling, or mutual knocking, Huobi will conduct a strict review and, depending on the severity, cancel the participant's eligibility.

Huobi

March 31, 2023

 

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Huobi 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 Huobi makes no recommendations or guarantees in respect of any virtual asset, product, or promotion on Huobi. Prices of virtual assets are highly volatile and trading virtual assets involves risk. Please read our Risk Reminder text here.