Depth launches LendHub stablecoin Pool. Enjoy a 3-day mining acceleration campaign
Dear Depth community,
At 10:00 (UTC+8), 24 March 2021, Depth will launch the HUSD/USDT pool for LendHub and start the LendHub HUSD/USDT LP staking. To celebrate this, Depth will hold a 3-day mining acceleration campaign.
Details are as follows:
Users can get LP token by providing HUSD/USDT stable coin liquidity for Depth-LendHub pool, and earn DEP token rewards by staking the LP Token to the Depth-LendHub staking pool.
From 10:00 (UTC+8), 24 March 2021 to 10:00 (UTC+8), 27 March 2021, the DEP mining for Depth-LendHub pool will account for 40% of the stable coin mining, which takes up for 30% of the total DEP production per day.
After the event, the DEP production per day for LendHub, Filda, and Channels will return to 1:1:1.
Depth (https://depth.fi) is an efficient stablecoin swap protocol, based on the Huobi Ecochain. As a trusted stablecoin swap manager, Depth allows stablecoins to swap between HUSD/USDT and other stablecoins in a safe and secure environment, with good depth, low slippage, and low transaction fees.
LendHub (https://www.lendhub.org/) is a decentralized lending platform based on the Huobi Ecological Chain. It supports pledged lending of multiple currencies on the Heco chain. Users can obtain incentive token LHB rewards by borrowing on LendHub. LHB will serve as the hub of the LendHub platform, and realize the mutual accommodation and value transfer between Huobi ecological assets through pledged lending that supports the mutual accommodation of assets on the Huobi ecological chain.
Risk Reminder: DEP is the Depth's governance token, DEP token has no intrinsic value.