Newland is a decentralized protocol launched by Huobi Pool based on the Heco chain, specifically designed to provide lending liquidity for miners, with a mission to empower mining and dedicated to building a more interconnected financial market for various tokens in the DeFi world.

Newland users can deposit assets such as HT, HPT, USDT, HUSD, HBTC, ETH into its smart contracts to earn interest income from lending, or collateralize deposited assets to borrow different assets for mining; according to the shares of deposits and loans, users can respectively receive HPT rewards.

Newland is the first product in the HPT Finance series. As an important move for HPT into the Defi field, the HPT Finance series will offer more diversified decentralized protocols and services for Defi miners, such as mining aggregators, continuously expanding the use cases of HPT and enhancing its long-term value. All revenue from the entire product suite, including Newland, will be used for HPT buybacks and destruction.

HuobiPool Token, as a tradable crypto digital entitlement certificate, allows HuobiPool Token holders to deeply participate in the future development of Huobi Pool. HPT has become an essential part of HT (Huobi Global Points) and is now the most critical cornerstone of Huobi Global Points.