–News Direct–
HTX's innovative Liquid Restaking event is firing on all cylinders, with the distribution of millions of MERL tokens from the first project reward pool Merlin Chain (MERL). This MERL airdrop is exclusive to the LRS-BTC holders in the event, specifically 50% of participants' LRS-BTC points are redeemed as MERL tokens, with the remaining portion to be distributed in BounceBit tokens. As of press, the initial 50% of MERL tokens users earned from the event were fully airdropped to winners' Spot accounts on April 22.
Get ready for upcoming airdrops from exciting projects like BounceBit, EigenLayer, Puffer, and more by joining Liquid Restaking now! HTX will be adding even more airdrop rewards soon to Liquid Restaking, so early participants can maximize their gains.
HTX Follows Same On-chain Distribution Rules for MERL Rewards with Initial 50% Airdrop in April
Who gets rewards from this airdrop? Anyone who participated in HTX Liquid Restaking and earned LRS-BTC points between February 29 and April 14, 16:00 (UTC) qualifies for the airdrop.
Vesting Rules and Redemption Ratio
Rules of HTX's MERL airdrop are subject to Merlin Chain airdrop rules: Investors who stake BTC in the Merlin Chain restaking will receive the project points daily by April 14, 2024, which can be redeemed for MERL tokens. The airdropped tokens will be unlocked in batches: 50% in the first month, 25% in the second month, and then unlocking will be completed over six months with 12.5%/6.25%/3.125%/3.125% distribution.
Redemption Ratio at HTX Liquid Restaking: 3.5089 LRS-BTC = 1 MERL (Rewards from 1 BTC staked per day 142.5 MERL). Individual Airdrop: MERL to be airdropped to an eligible HTX user = User's LRS-BTC points received during the event by April 14 * 0.5 / Redemption ratio.
Simpler Participation in HTX Liquid Restaking with Same High Rewards as On-chain Restaking
Currently, the airdrop rewards through HTX Liquid Restaking closely mirror on-chain rewards. For example, enabling 2 BTC for HTX Liquid Restaking is like staking 1 BTC in Merlin Chain and 1 BTC in BounceBit. With a 1,000-point-per-day distribution, you'd get 500 points from Merlin Chain (with 1 BTC) daily, translating to roughly 142.5 MERL tokens a day. For on-chain restaking, 1 BTC yields around 142.8 MERL tokens per day. The two restaking methods result in similar APRs: 88.02% and 88.24%, respectively.
Please note the timing of future reward redemption will depend on the on-chain project's initial airdrop schedule. According to HTX's official announcement, to facilitate users' future reward claims, LRS points will be upgraded to corresponding project points, and redemption will be supported on the event page.
HTX to Unmask Additional Airdrops at Liquid Restaking: Greater Airdrops for Earlier Participation
HTX stands out as the first exchange to offer users barrier-free access to on-chain restaking. This innovative event, featuring high returns, free claims, and more flexibility, offers an over $1 billion quota and increasing rewards for participants to win big. More excitingly, you can choose to join a team to get a boost on your rewards.
Simply register for HTX Liquid Restaking with your Spot and Futures account balances snapshotted to earn rewards, including:
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
HTX Liquid Restaking is still ongoing! Join now to grab your share of airdrops from popular projects, such as BounceBit, EigenLayer, and Puffer, and get ready for even more exciting additions in the future. An early participant can pocket higher rewards.
About HTX
Founded in 2013, HTX has evolved over a decade from a simple cryptocurrency exchange to a comprehensive blockchain business ecosystem. This expansion covers a wide range of services including digital asset trading, financial derivatives, wallets, research, investments, incubation, and more. As a world-leading portal to Web 3.0, HTX is committed to a growth strategy focused on global expansion, ecological prosperity, wealth effect, and safety and compliance. This approach enables us to offer comprehensive, safe, and reliable services and value to virtual currency enthusiasts around the world, reinforcing our position as a global gateway to Web3.
Contact Details
Michael Wang
Company Website
View source version on newsdirect.com: https://newsdirect.com/news/htx-liquid-restaking-airdrops-millions-of-merl-tokens-more-rewards-on-the-horizon-517390593
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COMTEX_451270845/2655/2024-04-23T04:50:40