Cryptocurrency exchange Bybit has announced a significant upgrade to its On-Chain Earn program, boosting Bitcoin’s annual percentage rate (APR) from 1.15% to 2%. This enhancement is powered by the innovative Function Bitcoin (FBTC) protocol, which offers enhanced functionalities and security for BTC users. 🙌
Bybit’s On-Chain Earn upgrade transforms BTC from a passive asset to an active yield generator. Leveraging optimized DeFi protocols, it delivers higher returns while maintaining security and reliability. The key improvements include:
* **Increased APR:** The APR has been raised from 1.15% to 2%, representing a significant 74% increase in earning potential.
* **Expanded Capacity:** The total cap for BTC staking has increased from 1,250 BTC to 2,000 BTC, accommodating growing user demand.
* **Optimized Strategies:** New yield optimization through DeFi protocols enables higher capital efficiency.
**How Bybit On-Chain Earn Works:**
This service allows users to stake their BTC with a guaranteed 2% APR, paid out as fixed returns over a 45-day period. Features like Auto-Reinvest allow for seamless compounding and ease of use. The platform also provides user-friendly access to high-yield staking through intuitive interfaces, without requiring complex blockchain management.
**Bybit’s Vision for DeFi:**
This upgrade exemplifies Bybit’s commitment to driving on-chain innovation. It simplifies decentralized finance (DeFi) by providing users with a frictionless experience and competitive returns. The platform allows individuals to participate in shaping the future of blockchain networks while benefiting from accessible staking options.
**For More Information:**
To learn more about Bybit On-Chain Earn, visit [link to official website].