Huobi Global, one of the world’s leading digital asset exchanges, today announced the launch of Prime Earn, a premium investment product under Huobi Earn that provides mainstream cryptocurrency investors with high annualized percentage yields (APY) for staking tokens.
The addition of Prime Earn supplements Huobi Earn’s existing suite of investment products, which include fixed deposits, flexible deposits, and featured deposits.
Products like Prime Earn play an important role in the market by offering incentives for crypto investors to hold their assets for longer periods of time. While an impressive array of investment products exist for staking mainstream assets in the crypto market, most of them are flexible deposit products, and the APYs can be quite low, depending on the asset staked.
Prime Earn’s initial lineup of products will seek to reward investors with higher APYs, and will consist of the following:
- Staking for four major assets: USDT, USDC, BTC, and ETH
- APYs ranging from 12% to 15%. This depends on how long the investor wants to stake his/her assets. For example, staking a token for seven days may offer a 12% APY while staking for 14 days may offer a 15% APY.
- Maximum staking limit of US$1,000,000
Prime Earn falls under the broader umbrella of Huobi Earn, which offers more than 41 assets for depositing and staking. Users can stake assets connected to NFTs, DeFi, GameFi, and more. Prime Earn is just one of the many new products that Huobi Global is rolling out to cater to the market’s growing needs.
Starting 12:00 (UTC) on December 22, users will be able to stake assets on Prime Earn in exchange for APYs as high as 15%. For more details, click here.
About Huobi Group
Huobi Group, a world-leading blockchain company, was founded in 2013 to make breakthroughs in core blockchain technology and further the integration of blockchain technology with other industries. Huobi Group has expanded its products and services to public blockchains, digital asset trading, wallets, mining pools, proprietary investments, project incubation, digital asset research, and more. Huobi Group has established a global digital ecosystem through investing in over 60 upstream and downstream companies across the blockchain industry.
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