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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Justin Sun stated that there is no reason to question the Huobi HTX demand deposit financial product, as funds can be withdrawn directly.
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