When Will Huobi Pool Unfreeze NEAR Staking Rewards?71

Huobi is a popular cryptocurrency exchange and mining pool. Users can stake their NEAR tokens on Huobi Pool to earn rewards. However, Huobi recently announced that it would be freezing NEAR staking rewards for a period of time.

The freeze will begin on October 15, 2023, at 8:00 AM UTC. It is expected to last for approximately two weeks. During this time, users will not be able to withdraw their NEAR staking rewards or unstake their tokens.

Huobi has not provided a specific reason for the freeze. However, it is likely due to the recent market volatility and the need to protect users' funds.

Users who are currently staking NEAR on Huobi Pool will not be affected by the freeze. They will continue to earn rewards, but they will not be able to withdraw them until the freeze is lifted.

Users who are planning to stake NEAR on Huobi Pool should be aware of the freeze. They should consider waiting until the freeze is lifted before staking their tokens.

What is NEAR Staking?

NEAR staking is a process of holding NEAR tokens in a cryptocurrency wallet to support the NEAR network. In return for staking their tokens, users earn rewards. Staking helps to secure the NEAR network and allows users to participate in the network's governance.

There are two ways to stake NEAR tokens: through a staking pool or through a self-staking wallet. Staking through a staking pool is easier, but it may come with higher fees. Self-staking requires more technical knowledge, but it allows users to earn higher rewards.

How to Stake NEAR on Huobi Pool

To stake NEAR on Huobi Pool, you will need to create an account and deposit your NEAR tokens. Once you have done this, you can follow these steps:1. Go to the Huobi Pool website.
2. Click on the "Staking" tab.
3. Select "NEAR" from the list of available coins.
4. Enter the amount of NEAR you want to stake.
5. Click on the "Stake" button.

Your NEAR tokens will now be staked and you will begin earning rewards. You can track your rewards on the Huobi Pool website.

When Will Huobi Pool Unfreeze NEAR Staking Rewards?

Huobi has not provided a specific date for when the NEAR staking rewards freeze will be lifted. However, it is expected to last for approximately two weeks. Users should check the Huobi Pool website for updates on the freeze.

In the meantime, users who are staking NEAR on Huobi Pool can continue to earn rewards. However, they will not be able to withdraw their rewards until the freeze is lifted.

2024-12-01

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