HTX Earn has launched an APY Boost Promotion as part of the HTX Winter Campaign, offering boosted annual percentage yields of up to 10% on 7-day fixed products for seven assets. The promotion arrives as crypto markets have remained volatile and continued to weaken since the start of the fourth quarter, with major assets retreating from their highs and market participants becoming more cautious.
Assets Covered by the Promotion
The promotion covers three major cryptocurrencies and four stablecoins:
- Cryptocurrencies: BTC, ETH, and TRX
- Stablecoins: USDT, USDC, USDS, and USDD
According to HTX, long-term holders of BTC, ETH, and TRX can earn interest in their respective assets after subscribing, without selling or converting their holdings, allowing them to keep existing positions while earning returns. The stablecoin selection includes widely recognized and heavily used assets, giving users more options.
Subscription Quota and Minimums
Each user can subscribe up to $2 million worth of each asset in its respective 7-day fixed product. By subscribing to all seven assets, a user can access a combined quota limit for boosted APY of up to approximately $14 million. HTX said the subscription quota accommodates the allocation needs of users with large holdings, while a near-zero minimum subscription requirement allows users with smaller balances to participate.
Interest Accrual and Repeat Subscriptions
Interest starts accruing on the day after subscription (T+1). On the day after maturity, principal and interest are automatically credited back to the account. The APY boost is not limited to a single 7-day term; users can subscribe again after maturity. HTX noted that the relatively short term helps keep funds liquid, allowing users to decide whether to subscribe again or adjust their positions based on market conditions.
Users can participate by logging in to HTX on the website or app and navigating to the Earn page.
Platform Background
Founded in 2013, HTX has evolved from a virtual asset exchange into a comprehensive ecosystem of blockchain businesses spanning digital asset trading, derivatives, research, investments, incubation, and other businesses. The platform said it will continue to focus on user needs and offer more promotions and benefits, including APY boost campaigns on HTX Earn.
The above content is not investment advice and does not constitute any offer or solicitation to offer or recommendation of any investment product.
