PANews reported on December 2 that according to the official announcement of Huobi HTX, Huobi HTX has launched its annual blockbuster product - pledged loan [current dynamic interest rate product] at 11:00 (UTC+8) on December 2. USDT, BTC, and ETH loans are available in the first phase, and the corresponding currency pledge is supported. More options will be expanded in the future. The first phase of the "Lending is Mining" activity was launched simultaneously, with a total prize pool of 2.7 billion HTX tokens.
It is reported that during the event period from 11:00 on December 2 to 23:00 on December 8 (UTC+8), the proportion of interest expenses generated by users through current USDT loan products will determine their share of the prize pool. The greater the proportion of accumulated interest expenses, the more HTX tokens will be rewarded. There is also an incentive easter egg: if the first loan scale exceeds 30 million USDT, the next event prize pool will double.
Huobi HTX's dynamic interest rate product has three core advantages: dynamic interest rate: real-time adjustment based on market changes to ensure industry competitiveness; high flexibility: no upper limit on loan amount, support for borrowing and repayment at any time; low cost: providing high collateralization rate (LTV) and 0 fee experience.
