Business Daily Media

Men's Weekly

.

Top Cryptocurrency Exchange Bybit Offers Up to 30% APY on Its New Liquidity Mining Pools

DUBAI, UNITED ARAB EMIRATES - Media OutReach - 19 May 2022 - Bybit, a cryptocurrency with the second largest BTC Futures exchange by open interest, launched its new Liquidity Mining on May 19, 2022.



Bybit users will have access to three liquidity pools: Bitcoin (BTC), Ether (ETH), and BitDAO (BIT), all paired with Tether (USDT). The pools will allow users to deposit funds and earn up to 30% APY, with even higher rewards available when using up to 3x leverage.

Liquidity providers in all 160 countries where Bybit operates will be able to add one or both sides of the liquidity pair. The pool will automatically rebalance the assets and minimize the risk of impermanent loss. Liquidity providers will earn rewards in USDT that can be credited to their accounts or reinvested in the pool to increase rewards.

Bybit's Liquidity Mining pools are based on a revamped automated market maker (AMM) model. Users can add liquidity to earn yield derived from trading fees. They can also add leverage to increase their share of the pool and maximize their yield. The liquidity pools will also allow Bybit users to swap between assets without needing to leave the platform and with minimal slippage.

Our leverage feature allows users to access greater yields using their funds as collateral. Users can manage risks and safeguard themselves against excessive losses with multi-layered liquidation protocols to ensure safety and fairness across all Bybit trades, every step of the way.

We also have strategies to lock in profits and limit losses based on market movements, real prices that protect users against market manipulation, and an insurance fund that helps to protect traders from negative equity and significant losses beyond a trader's position margin.

"We are very excited about the opportunities Bybit's Liquidity Mining will open up for all Bybit users. As traders ourselves, we understand the importance of having a diversified trading and investment strategy optimized for earning passive income on your assets. To that end, our products offer some of the best yield-earning opportunities in the market today on one of the most reliable trading platforms out there. This marks another milestone in sharing growth opportunities with our community who believe in a future of DeFi and personal financial freedom," said Ben Zhou, co-founder and CEO of Bybit.

Apart from an opportunity to gain returns with a low barrier to entry, one added benefit of liquidity mining is community building through trust. It incentivizes asset holders to be more involved in the community and play more active roles.

Bybit's Liquidity Mining pools join other stellar products as part of their Bybit Earn range catering for investors of varied risk appetites. The range includes Dual Asset, which allows users to deposit their preferred asset and lock in an attractive yield; and Flexible Savings, which can serve investors as saving accounts for cryptocurrencies and feature safe, predictable yield payments.



About Bybit

Bybit is a cryptocurrency exchange established in March 2018 that offers a professional platform where crypto traders can find an ultra-fast matching engine, excellent customer service and multilingual community support. The company provides innovative online spot and derivatives trading services, mining and staking products, an NFT marketplace as well as API support, to retail and institutional clients around the world, and strives to be the most reliable exchange for the emerging digital asset class. Bybit is a proud partner of Formula One racing team, Oracle Red Bull Racing, esports teams NAVI, Astralis, Alliance, Virtus.pro and Oracle Red Bull Racing Esports, and association football (soccer) teams Borussia Dortmund and Avispa Fukuoka.

For more information please visit:

For updates, please follow Bybit's social media platforms on









#Bybit

News from Asia

Oi Wah Achieves Net Profit of 55.9 million with Improved Net Interest Margin in FY2025

Demonstrating Financial Stability, Proposed Final Dividend of HK$0.81 cents per share, Exploring Overseas Market to Diversify Income Source HONG KONG SAR - Media OutReach Newswire - 27 May 2025 - ...

AEON Bank One-derful Anniversary

Rewards Customers with 8x AEON Points, Real Cashback, Grand Prizes and Neko Missions Gamification KUALA LUMPUR, MALAYSIA - Media OutReach Newswire - 28 May 2025 - AEON Bank, Malaysia's pioneer Isl...

Bitcoin is now a 'safe-haven coin' of the crypto market, Octa broker says

KUALA LUMPUR, MALAYSIA - Media OutReach Newswire - 28 May 2025 - According to Coinbase's April 2025 Monthly Outlook, the total crypto market capitalisation (excluding Bitcoin) has fallen by 41% fr...

ALE Announces New Executive Vice President of Global Sales and Marketing

SINGAPORE - Media OutReach Newswire - 28 May 2025 - Alcatel-Lucent Enterprise, a leading provider of secure networking and communications solutions that enable organizations and industries to acc...

A Standout Celebration Series: Galaxy Music Gala: 'A Musical Journey from Monaco to Macau' Triumphs

Honouring 30 Years of Bilateral China – Monaco Diplomatic Ties and Cultural Exchange with GEG Concert Extravaganza MACAU SAR - Media OutReach Newswire - 28 May 2025 - On May 21, the Galaxy Interna...

APR Advances in Vietnam with Sustainable Textiles as Viscose and Lyocell Take Centre Stage

APR introduces its sustainably produced Viscose and Lyocell by Sateri fibres to the Vietnamese market SaigonTex 2025 represents APR's largest presence in Vietnam to date, reinforc...

9MFY25 Results: Hong Leong Bank Delivers Solid Business Performance

The Bank is confident that the Malaysian economy will remain resilient amidst the ongoing external headwinds KUALA LUMPUR, MALAYSIA - Media OutReach Newswire - 28 May 2025 - Hong Leong Bank Berh...

Alpha Augmented Services Expands Global Network with Strategic Partnership in China

24/7 customer support across all time zones Tailored solutions for international logistics hotspots Alpha Augmented Services accelerates global expansion strategy ZU...

Last Call! Global Startups to Get on Board EPIC 2025

Don’t Miss Out on the Million-dollar Opportunity at Asia’s Most Dynamic Ecosystem HONG KONG SAR - Media OutReach Newswire - 28 May 2025 - The 9th Elevator Pitch International Competition (EPIC 202...

Vinfast showcases the VF 6 right-hand drive for the first time at IIMS Surabaya 2025

SURABAYA, INDONESIA - Media OutReach Newswire - 28 May 2025 - VinFast has announced its participation in the Indonesia International Motor Show (IIMS) Surabaya 2025, where it will feature the larg...

The quiet majority: why marketers need to cater to low intent shoppers

When shoppers are browsing online, whether for a new phone, holiday, or pair of shoes, they usually know exactly where they stand. Sometimes they’...

Lack of Salary Transparency is Costing Businesses Top Talent, Says Recruiters

As end-of-financial-year reviews approach, new research reveals a growing disconnect between Australian employers and employees on the issue of sa...

Sleep Soundly, Knowing Your People Are Paid Right: Navigating the Complexities of Modern Payroll

The Role of Modern Payroll Modern payroll systems are essential to any organization's financial infrastructure in today's rapidly evolving business...

Tariffs for dummies: Getting to grips with the business of exporting goods and services

It pays to understand how the international taxation system works before you start selling abroad. Take a glance at the business news just now an...

Deputy Unveils Enterprise-Grade Analytics+ to Power Smarter Workforce Decisions for Shift-Based Businesses

Deputy, the world’s leading workforce management platform for shift work, today announced the global launch of Deputy Analytics+, a next-generatio...

UNSW startup accelerator offers $200K to the next generation of Australian deeptech unicorns

UNSW Founders, Australia’s most recommended startup accelerator, has partnered with fund manager Luminary Partners to invest $200,000 each into 18...

Sell by LayBy