Market Overview

Huobi Perpetual Swaps Joins DeFi Yield Farming Campaign with $200,000 Reward

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LONDON, Sept. 21, 2020 /PRNewswire/ -- To celebrate the seventh anniversary of Huobi, Huobi Futures has launched a DeFi Yield Farming campaign with $200,000 reward to premium users on September 21. 

The campaign starts at 16:00 UTC on September 21 and ends at 15:59:59 UTC on October 1. 

Huobi perpetual swaps supports the following DeFi assets UNI, LINK, YFII, SUSHI, DOT, YFI and ADA for this campaign. Except for ADA and DOT, the remaining five are all DeFi tokens. So far, Huobi has 61 widely-accepted tokens in its swaps suite including 28 DeFi tokens, becoming the crypto platform that offers the most coin-margined swaps globally.

Campaign Rules: Whilst the daily cumulative Maker amount exceeds $1,000 on the designated assets – UNI, LINK, YFII, SUSHI, DOT, YFI and ADA, the prize pool will be divided according to the portion of the users' cumulative Maker amount. It means the larger the Maker amount is, the more reward the user will receive.

Please note that Maker transaction follows a pending order system. A order can only be finalized after a fully complete transaction. 

To calculate your reward:

Reward =

Total Maker Amount on 7 specified swaps of the User

Total Maker amount on 7 swaps of the platform

 * Daily Prize Pool

Daily Reward Pool

Reminder:

September 22

September 23

September 24

September 25

September 26

20,000USD

Equivalent UNI

20,000USD

Equivalent LINK

20,000USD

Equivalent YFII

20,000USD

Equivalent SUSHI

20,000USD

Equivalent  DOT











September 27

September 28

September 29

September 30

October 1st

 

20,000USD

Equivalent YFI

 

 

20,000USD

Equivalent ADA

 

 

20,000USD

Equivalent UNI

 

 

20,000USD

Equivalent LINK

 

 

20,000USD

Equivalent YFII

 

1. The yield farming campaign will start at 16:00 UTC on September 21 and ends at 15:59:59 UTC on October 1;

2. Sub-accounts cannot participate in the campaign as independent accounts; sub-account transactions will be merged into their main accounts; Huobi App will not display yield farming rewards of sub-accounts.

3. Users can check their rewards at Huobi APP.

4. Rewards will be allocated in equivalent value of tokens. The number of tokens issued will be calculated based on the closing price of the day; Yield farming rewards below 1USD will not be issued.

5. Reward will be calculated to 6 decimal places for YFI, 5 decimal places for YFII, 2 decimal places for DOT, LINK, SUSHI, UNI and ADA. The exceedances will be truncated.

6. Rewards will be allocated to the user's perpetual swaps account in the following day.  Pay attention to the SMS and Email notifications.  

7. The final interpretation right of this campaign belongs to Huobi Futures.

 

Cision View original content:http://www.prnewswire.com/news-releases/huobi-perpetual-swaps-joins-defi-yield-farming-campaign-with-200-000-reward-301135015.html

SOURCE Huobi Global

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