Bybit Enables Polkadot Staking on its On-Chain Earn Platform

Crypto exchange Bybit has expanded its On-Chain Earn platform, adding support for Polkadot (DOT) staking. This integration allows users to directly stake DOT tokens and earn passive income while contributing to the security of the Polkadot network. 2020 saw the launch of this multi-chain network, designed by Ethereum co-founder Dr. Gavin Wood, that connects various blockchains, promoting interoperability and scalability. Users can benefit from Bybit’s simplified staking process which handles technical complexities. Participants gain access to bonus APR rates through a minimum 24-hour lockup period, with daily earnings distribution to users’ funding accounts at a fixed time. Once redemption is made, interest stops accruing. To participate in the program, users must complete Identity Verification Level 1 and comply with Bybit’s Terms of Service.