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Huobi Polkadot (HDOT) is a suite of assets issued on Ethereum and backed by cryptocurrencies from other blockchains. The H-token series aims to bridge the gap between centralized and decentralized finance markets by bringing more digital assets to the Ethereum DeFi ecosystem. With a focus on security and reliability, the team behind Huobi Polkadot has years of experience in risk control and asset management in the blockchain industry, ensuring the safety of users’ assets. The project also emphasizes transparency, allowing users to check the number of H-Tokens issued and assets in the reserve pools at any time.
Huobi Polkadot offers advantages such as strong liquidity through its standard ERC-20 tokens, which can bridge liquidity between centralized exchanges (CEXes) and decentralized exchanges (DEXes). The platform provides a multi-channel system for redeeming H-Tokens, allowing users to choose the most convenient channel for minting and burning H-Tokens. Additionally, Huobi Polkadot maintains over 100% reserve, ensuring that the number of staked assets is always greater than or equal to the number of H-Tokens. The project also offers 24/7 professional customer support to attend to users’ queries.
Huobi Polkadot’s H-Token use cases extend to accessing decentralized protocols such as Uniswap, Curve, Harvest, C.R.E.A.M., BoringDAO, Nest, and ForTube. Through the issuance of H-Tokens, the project aims to enable more users to benefit from DeFi, accelerate the development of the Ethereum DeFi ecosystem, and promote the growth of Ethereum-based assets. Users can deposit their BTC or other assets into Huobi Global’s exchange account and select to withdraw HBTC or other H-Tokens to obtain H-Tokens. Huobi Polkadot also emphasizes collaboration with ecological partners in the ETH and blockchain ecosystems to achieve mutual growth and DeFi ecological prosperity.
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