Bybit, the world’s leading cryptocurrency exchange by trading volume, is revolutionizing decentralized finance (DeFi) access with its new industry-first liquidity farm integrated into Bybit Alpha. This groundbreaking feature removes barriers for mainstream crypto users to directly participate in on-chain yield farming while using their Bybit accounts. No external wallets or key management are required, eliminating technical complexity and saving time.
The new liquidity farm utilizes the Concentrated Liquidity Market Maker (CLMM) model, allowing eligible Bybit users to become liquidity providers (LPs). By providing liquidity on-chain, they can access diverse DeFi yield opportunities with unparalleled ease and efficiency. They do so without leaving the comfort of their Bybit account.
“Bybit Alpha’s liquidity farm represents a paradigm shift in how users access DeFi,” said Emily Bao, Head of Spot at Bybit and Founder of Byreal. “We’re taking the technical complexity out of DeFi participation, allowing millions to participate in new yield opportunities and unlock their full potential.”
Key Features and Benefits:
* **Industry-first Integration:** The first CEX to offer integrated liquidity farming without requiring external wallets or private key management.
* **High Yield Potential:** APYs potentially ranging from 100% to 600%, based on pool incentives and trading activity.
* **Smart Earning Mechanism:** Users can stake directly from their Bybit Unified Trading Account (UTA) to provide on-chain liquidity, earning trading fees proportional to their share of active liquidity. No lock-up periods allow users flexibility to deposit and withdraw anytime.
* **Advanced Asset Screening:** Users benefit from Bybit Alpha’s rigorous risk controls and early access to high-potential tokens.
How it works: The CLMM model helps LPs allocate funds within custom price ranges, instead of spreading them thin across all possible prices. They earn primarily through trading fees distributed proportionally based on each LP’s share of active liquidity at the exact price of each trade. This dynamic earning model rewards strategic positioning and capital efficiency.
Getting started with Bybit Alpha’s liquidity farm is simple. Users can choose from available pools supporting USDT, USDC, SOL, or bbSOL from their Bybit UTA to stake. After selecting their price range and capital amount, they can turn their idle assets into a passive income generator. They can withdraw at any time, receiving returns in USDT, USDC, SOL, or bbSOL.
Transparency is key with real-time position tracking available on the Alpha Assets page, allowing users to closely monitor performance and make informed decisions. Registration is required. Terms and conditions apply; visit [Link to Eligibility Rules] for details about qualification and eligibility.
Bybit Alpha provides a high level of transparency with real-time position tracking available on the Alpha Assets page, allowing users to closely monitor performance and make informed decisions.
About Bybit:
Bybit is the world’s second-largest cryptocurrency exchange by trading volume, serving a global community of over 70 million users. Founded in 2018, Bybit is redefining openness in the decentralized world by creating a simpler, open, and equal ecosystem for everyone. With a strong focus on Web3, Bybit partners strategically with leading blockchain protocols to provide robust infrastructure and drive on-chain innovation.
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