cryptonews.net
Cryptocurrency exchange $HTX (formerly known as Huobi) announced the launch of a new DAO project promising 30% APY for liquidity providers.
The new project was launched with the support of TRON founder Justin Sun and is called $HTX DAO, which, according to the description, will serve as a platform where “pioneering concepts and transformative projects find realization.”
According to the DAO whitepaper, governance will be done using $HTX tokens. While the exact purpose of the newly formed DAO remains unclear, its description suggests that participants will be able to submit proposals on the $HTX DAO forum. It is also not clear whether these proposals should be associated with the $HTX exchange or Huobi ECO Chain (HECO), a decentralized public chain developed by Huobi Group.
The official $HTX DAO website provides information about 30% APY for those contributing liquidity to the $HTX/TRX pool on Sun.io, a TRON-based platform. The site states that $HTX holders can take advantage of both the $HTX DAO and various benefits on the $HTX exchange, but it does not specify which ones at this time.