SHUI, the liquidity staking protocol on Conflux, announced that it is exploring application scenarios for AxHKD, the native Hong Kong dollar stablecoin powered by Conflux. SHUI will also be the first batch of Conflux ecological projects to express support for Hong Kong dollar stable coins.
SHUI is the Conflux ecological LSD protocol incubated by BlockBooster, providing one-stop CFX staking services. The protocol was launched on the mainnet on February 8, and TVL now exceeds $1.8 million. The platform is currently conducting a CFX staking incentive campaign, and stablecoins totaling approximately $5,000 will be distributed to staking participants.