Justin Sun: No Reason to Doubt High-Yield Staking, Interest Subsidized by Corporate Profits
BlockBeats News, September 4th, Justin Sun responded to the questioning of the "Huobi HTX High-Yield Financial Product" as follows:
Similar to the current industry's popular instant rewards (free lunch), the high-yield interest rate is 100% subsidized by the group, essentially for the sake of competing for users between trading platforms. The subsidy logic is also very simple: user growth brings trading volume growth, which is worthwhile in the long run;
Huobi HTX is still in the early stage of growth, considering other factors after increasing asset immersion;
The Merkel Tree proof has been released for nearly 34 months, ensuring fund transparency;
The current group has an annual profit of tens of billions of U.S. dollars, so no one should question our ability to subsidize, right?
Finally, Justin Sun stated that there is no reason to question the Huobi HTX demand deposit financial product, as funds can be withdrawn directly.
You may also like

Dune Stablecoin Research: The Flow and Demand of a $300 Billion Market

Stripe Annual Letter: New cognitive density is extremely high, especially the 5-level model of "AI + Payments"

Sam Altman's Twenty-Four Hours: The Pentagon said "no" twice, but only one was serious

The US-Iran Conflict Spreads to the Crypto Space: What to Expect in the Market on Monday

Lily Liu, the chair of the Solana Foundation, shouted "Don't waste time on crypto," is the crypto industry really dead?

The little deer live by the water and grass

The world belongs to Chinese people who speak English

Why Stop at 126K? Michael Saylor Breaks Down BTC Stagnation and Retail Absence Truth

Virtuals Protocol's inaugural Titan project: ROBO aims to give a wallet to a robot

Stablecoin Latest Report: Actual Distribution and Circulation Much More Notable Than Supply

Paradigm's New Arithmetic: When Crypto Can't Hold 12.7 Billion, AI Becomes the Answer

Wintermute Founder: In the Lost Cryptocurrency Market, What Can We Still Do?

$1.3 Billion Debt: BitDeer Faces Tough Battle

Anthropic's IPO Gamble: At the Most Unlikely Moment, It Chose to Say No

Paradigm's Math Problem: $12.7 Billion, Too Big for a Single Crypto Fund

Ethereum Unveils Scaling Roadmap, What's Different This Time?

Anthropic Ban Wave, OpenAI $100 Billion Funding Controversy: What Is the Overseas Crypto Community Talking About Today?
