Huobi Wallet’s new HClaimer feature allows proof-of-stake investors to collect staking rewards from multiple staking pools across multiple projects.
Huobi Wallet has announced a new feature it hopes will encourage more cryptocurrency investors to embrace digital finance.
Top cryptocurrency exchange Huobi’s new HClaimer feature will offer investors a one-click way to collect staking rewards from multiple DeFi projects at once.
By putting up a stake — essentially a bond — that can be seized to guarantee good behavior, stakers are trusted to validate transactions in exchange for block rewards. It requires virtually no electricity, offers better protection against 51% attacks, and can offer far higher speeds than proof-of-work blockchains.
Making It Easier
“The result is a time-consuming, inconvenient experience that not only frustrates existing investors but deters potential users from investing in a range of promising DeFi projects and products,” according to Huobi, a top-five by volume exchange.
“We hope that this small step forward can drive other players in the industry to develop new functions and upgrade their products in this direction, so we can all provide the best user experience possible,” said Liser Lee, the Huobi Wallet lead.
HClaimer offers a one-stop solution, allowing users to gather rewards from decentralized apps — DApps — on multiple chains with a single click, the company said.
Huobi plans to expand HClaimer to DeFi projects on more mainstream blockchains over the next three months.