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

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.