HTX Launches USDe Minting and Redemption Service with Daily Rewards for Holders

TLDR

• HTX launches USDe minting and redemption service, offering an efficient platform for global users with enhanced features.
• The new minting and redemption service eliminates the need for OTC liquidity, simplifying the process for users.
• HTX introduces a daily rewards program for USDe holders, paid weekly, increasing capital efficiency and incentivizing participation.
• Users can now access USDe with unlimited minting and redemption capabilities and uniform transaction costs.
• HTX’s new campaigns, including APY boosts and trading competitions, encourage increased engagement with the USDe ecosystem.

HTX has launched its new USDe minting and redemption service, enhancing its platform with a daily rewards program for USDe holders. This service follows the recent listing of USDe and promises to provide a more efficient experience for HTX’s global user base.

USDe Minting and Redemption Now Available on HTX

According to the press release, the HTX minting and redemption process for USDe utilizes Ethena Labs’ smart contracts. The service eliminates the need for spot order books or OTC liquidity, simplifying the minting and redemption process.

This new feature provides benefits, including unlimited scale for minting and redemption and uniform transaction costs. With this integration, HTX users can smoothly enter or exit USDe positions, avoiding liquidity issues often seen in secondary markets.

The addition of USDe to HTX’s platform strengthens its position in both the DeFi and CeFi ecosystems. As HTX strives for innovation, these features enable users to manage their exposure to USDe with improved efficiency and transparency.

Daily Rewards and Additional Campaigns for USDe Holders

Alongside minting and redemption, HTX introduces a daily rewards program for users holding USDe in their spot accounts. Rewards will be paid weekly, allowing users to earn passive returns while maintaining dollar-denominated exposure.

The initiative enhances capital efficiency, offering an attractive incentive to hold USDe on the platform. HTX users can also participate in several campaigns, such as the upcoming APY boost for USDe in HTX Earn. This will provide subscribers with an annual percentage yield of up to 15%.

In addition, users can compete in a trading competition to share a 10,000 USDe prize pool. These initiatives aim to increase engagement with the USDe ecosystem and incentivize users to participate in HTX’s offerings.

The post HTX Launches USDe Minting and Redemption Service with Daily Rewards for Holders appeared first on Blockonomi.