SHUI plans to become the first DeFi protocol to support the Hong Kong dollar stablecoin AxHKD

03/08 07:09

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On March 8th, SHUI, the liquidity staking protocol on Conflux, announced its exploration of the application scenarios for AxHKD, a native Hong Kong dollar stablecoin supported by Conflux. SHUI will also be one of the first Conflux ecology projects to support Hong Kong dollar stablecoins.

SHUI is a Conflux ecology LSD protocol incubated by BlockBooster, providing one-stop CFX staking services. The protocol was launched on the mainnet on February 8th, and its TVL has exceeded $1.8 million. Currently, the platform is conducting CFX staking incentive activities, and approximately $5,000 worth of stablecoins will be distributed to staking participants.

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