On July 10th, StakingCon, the Staking Ecological Conference co-hosted by Odaily and BlockBeats, was held in Beijing. Will Huang, general manager of Huobi Wallet & Huoxin, gave a keynote speech on the theme of "Staking in the Eyes of Wallets".
In his speech, Will Huang believed that the Staking business is more attractive than DApps. According to his conservative estimate, the future POS market will reach a scale of 8 billion US dollars.
When talking about the role of Staking, Will Huang shared his views. He believes that Staking allows users to gain a stronger sense of participation and voice. At the same time, he also said that on-chain wallets have natural advantages in terms of staking security, pledged income, and participation in governance.
According to Will Huang, after Huobi Wallet launched the staking business, its daily user activity has doubled. In the future, Huobi Wallet will integrate more deeply into the community and actively participate in on-chain governance. In addition to becoming a node, it will also help project parties govern the community. Since then, Huobi Wallet will pay more attention to overseas markets, hoping to increase the proportion of overseas users to more than 50%.
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Huobi Wallet Layout Staking
In September last year, Huobi Wallet was officially launched. At present, the team has nearly 20 members. It has been involved in the Staking field since the second quarter of 2019, returning Staking profits to users.
I personally feel that the Staking business is more attractive than the previous DApp. Therefore, the business department of Huobi has also made some input.
The staking business of the wallet is slightly different. We hope to help users exercise their voting rights, and the number of users and assets in the wallet actually have nothing to do with the exchange.
In the past, Huobi Wallet has made a lot of investment in EOS and Tron, and has supported the voting and DApp of EOS and Tron ecological main chain currencies before.
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Why Choose Staking
For ecological users, Staking can obtain continuous staking income and give them a strong sense of participation and voice.
When we were doing wallets in the past, the daily activity may not be so ideal. After launching the staking business, the daily activity has doubled. Every day, users entrust and pledge through the Huobi Wallet to obtain pledge income.
We believe that the future market size of Staking is huge. POS can better balance security, TPS and decentralization in microfinance scenarios. It is estimated that the POS consensus network will reach a scale of 8 billion US dollars in the future.
In addition, the Staking method will enable members of the POS consensus community to have a closer relationship and can quickly establish an ecology.
The relationship between wallets and staking is that wallets are indispensable to POS, and staking is a rare opportunity for wallets.
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Huobi Wallet Staking Future Planning
We will support high-quality projects like Ethereum and TRON, which represent the future direction of development. In addition, as I said, we do not do staking business just for profit. We are more optimistic about participating in community governance through staking and interacting with community members. These are the key directions of Huobi Wallet in the future.
Huobi Wallet will support more staking currencies in the future, including the pledge of Polkadot, ADA, and Ethereum. In the future, around the Ethereum ecosystem, it will also support the pledge of IOTex, LOOM and other currencies.
Huobi Wallet hopes to cooperate with more high-quality projects. In terms of project selection, Huobi Wallet will pay more attention to the technical and conceptual characteristics of the project; when selecting project partners, Huobi Wallet hopes to choose a company with a higher degree of decentralization, stronger R&D capabilities, and stronger community governance capabilities. team.
In the future, Huobi Wallet will integrate more deeply into the community and actively participate in on-chain governance, not only as a node of the project side, but also to help the project side manage the community. Huobi Wallet will give full play to the advantages of the wallet in the ecology by supporting the main chain DApp, tokens, etc.
In addition, Huobi Wallet will pay more attention to overseas markets, hoping to increase the proportion of overseas users to more than 50%, which currently accounts for about 30%.
