Boost Your BTC Holdings with Bybit’s New On-Chain Earn Feature
This article provides an easy-to-read summary and insights based on the latest Bybit announcement.
Bybit is excited to announce the strengthening of its partnership with Mantle Network, a significant step in growing the Mantle ecosystem within Bybit’s platform. This collaboration is geared towards promoting sustainable growth across both CeFi and Web3 spaces.
Alongside this partnership, Bybit is offering an exclusive opportunity for you to grow your BTC holdings through On-Chain Earn. This feature, powered by the Function BTC (FBTC) protocol, allows you to stake your BTC for a fixed 45-day term and watch your investment grow with a 1.15% guaranteed APR. Plus, the new Auto-Reinvest feature has been added for your convenience!
Product Details
- Subscription currency: BTC
- Interest currency: BTC
- Protocol: Function (FBTC)
What’s New?
- APR has been raised from 1.0% to 1.15%
- Individual cap has been increased from 100 BTC to 200 BTC
- Total product cap expanded from 1,000 BTC to 1,250 BTC
- The brand new FBTC On-Chain Earn Auto-Reinvest feature is now available! Your principal and rewards can automatically roll into a new plan at maturity for uninterrupted earnings.
How to Participate
- Visit Bybit On-Chain Earn
- Stake your BTC during the event period
- Hold your BTC for 45 days to receive your principal + 1.15% APR interest upon maturity, with the brand new added convenience of Auto-Reinvest!
Terms and Conditions
Please be aware that users must complete Identity Verification Lv. 1 to be eligible for this event. Participants are required to commit to the full staking period; early redemption is not allowed. All participants must strictly adhere to Bybit Terms of Service. Bybit reserves the right to disqualify any participants who engage in dishonest or abusive activities, including but not limited to bulk account registrations to farm additional bonuses and any other unlawful, fraudulent or harmful activities. Bybit reserves the right to modify the terms of this event without notifying users in advance. Bybit reserves the right to the final interpretation of this event. If you have any questions, please contact our Customer Support team.
Insights
Bybit’s strengthened partnership with Mantle Network and the introduction of the On-Chain Earn feature indicate a move towards more investment options for users. The guarantee of a 1.15% APR on BTC staked for a fixed 45-day period is an excellent way for investors to grow their holdings passively. The addition of the Auto-Reinvest feature provides an extra level of convenience for users, as it enables seamless roll-over of earnings into a new plan. As always, it’s essential for anyone interested in this opportunity to read and understand the terms and conditions thoroughly, ensuring they are comfortable with the requirements and potential risks involved.
