The bull market phase is often accompanied by increased DeFi activity, the popularity of liquid staking, and an active lending market.

Recently, with the significant fluctuations in BTC and various altcoins, the progress of the crypto market bull run has accelerated.

In a bull market, choosing cryptocurrencies with long-term potential for long-term holding is a common strategy. One can also take advantage of the market's high volatility for short-term trading to gain profits in the short term. Therefore, the bull market phase is often accompanied by increased DeFi activity, the popularity of liquid staking, and an active lending market. Crypto users hope to improve capital utilization and maximize returns.

Against this backdrop, the staking borrowing product launched by Huobi HTX has gained widespread popularity among users and is expected to spark a lending trend in the bull market.

Staking Borrowing: A Tool for Releasing Asset Liquidity

Staking borrowing is a flexible lending financial product launched by Huobi HTX, allowing users to borrow other cryptocurrencies such as USDT, BTC, ETH, etc., by staking digital assets to meet diverse funding needs.

For example, when a user identifies a token with potential for price appreciation but does not wish to sell their existing holdings, they can stake their BTC to quickly borrow a suitable amount of USDT for investment. When the token rises as expected, they can sell it, repay the borrowed USDT, and redeem the staked BTC to realize profits.

At the beginning of December, Huobi HTX launched a dynamic interest rate product for staking borrowing based on various fixed-term borrowing products, allowing for flexible borrowing and repayment with zero fees, further enhancing the user lending experience. Such a flexible lending mechanism makes this product an ideal tool for efficient capital utilization.

Impressive Data: Scale and Users Soar Together

With its ultra-low interest rates, flexible lending terms, and high-quality user experience, Huobi HTX's staking borrowing product has seen a dual leap in user numbers and staking scale. Within less than 10 days of its launch, the borrowing scale of the product has surpassed 30 million USDT. Additionally, compared to before the launch of the flexible product, Huobi HTX's overall lending scale has increased fivefold, and the number of lending users has tripled.

This achievement not only reflects users' trust in Huobi HTX's products but also indicates that the staking borrowing model is gradually being accepted and recognized by the market.

Prize Pool Doubled, Continuing Ultra-Low Interest Rates, User Experience Upgraded Again

Currently, the second phase of "Lending is Mining" has begun. From December 12, 10:00 to December 18, 23:59 (UTC+8), users participating in flexible USDT lending can share a total prize pool of 5,400,000,000 $HTX.

It must be noted that in the first phase of the event, the prize pool provided by Huobi HTX was 2,700,000,000 $HTX, and this phase's reward amount has directly doubled. Moreover, to give back to users for their support of the product, Huobi HTX's staking borrowing dynamic interest rate product will continue to adhere to the low-interest principle, helping platform users achieve high investment returns through low-cost borrowing.

This also fully confirms two points: 1. The staking borrowing product is very popular in the market; 2. Huobi HTX is sincerely inviting users to experience the staking borrowing flexible product.

Huobi HTX has also revealed that it will continue to launch more promotional activities and innovative features in the future to provide users with a higher quality service experience. According to the event rules, if the borrowing scale of the second phase flexible product reaches 50 million USDT, the next prize pool will double again to 10.8 billion $HTX, bringing more surprises to users.

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