#Bybit #Dubai #UAE #DeFi #Real Farmer

Bybit Enhances Real Farmer with Social Referral Feature

In a significant upgrade, Bybit, recognized as the world’s second-largest cryptocurrency exchange by trading volume, has announced the expansion of its flagship product, Real Farmer. This new feature aims to infuse a social element into the copyfarming process, ultimately transforming how users engage with their liquidity management strategies.

The Evolution of Real Farmer

Real Farmer, which functions as a live, on-chain leaderboard, provides users with real-time insights into the liquidity positions of top liquidity providers (LPs). It allows them to learn from these leaders and replicate effective strategies immediately. This latest enhancement, however, introduces a robust social referral mechanism, fueling user growth and interaction through cooperative engagement.

Leveraging the capabilities of Solana, a leading DeFi ecosystem known for its rapid growth, Real Farmer now empowers users to invite friends to join them in farming, copy strategies together, and benefit from shared earnings. Referral rewards are directly tied to the activities of referees, including copied strategies, added liquidity, and generated trading fees, marking a significant step forward in community-driven finance.

Partners and Community Engagement

The updated Real Farmer was revealed at the Crypto Content Creator Campus (CCCC), a global event organized by Bybit that brings together builders, creatives, and ecosystem partners. Supported by notable Solana partners, this campaign encourages users to participate more deeply in the DeFi space and offers a transformed yield farming experience, enriched by the referral program where liquidity position rewards can see boosts of over 10%.

How the New Feature Works

Under this newly established system, users can refer friends to copy their success in farming. Each new farmer who joins through a personalized referral link contributes to benefits for the referrer, enhancing the potential rewards based on the activities performed within the platform.

Moreover, Bybit is promoting liquidity provision this season by offering up to 100% fee giveback on eligible Real Farmer positions. Here’s how the Real Farmer season operates:
1. Open a Position - Start by joining selected Byreal liquidity pools highlighted for the Real Farmer Season, such as SOL–USDC or bbSOL–SOL, to begin accruing trading fees alongside boosted yields.
2. Refer Others - Share a personalized link to bring new farmers on board. Every participant who registers through your link amplifies your referral rewards.
3. Showcase Your Achievements - Leverage your Statistics Card to showcase your performance and referral earnings generated from your liquidity positions.

Community-Driven Initiatives

To kick off this initiative, Bybit has launched a “Superteam Earn Quest” encouraging content farmers to share strategies, memes, and community narratives, earning additional rewards for their contributions. Both the Real Farmer Referral Program and the new season have officially gone live, inviting users into a collaborative DeFi experience like no other.

As Emily Bao, the Founder of Byreal and Head of Spot at Bybit, stated, “Real Farmer's new Referral program represents the evolution of DeFi participation. We’re not just enabling yield farming but creating a social copy-and-earn experience where everyone—users, creators, and partners—can cultivate growth together on Solana.”

In summary, the expansion of Real Farmer with its social referral feature stands as a beacon of innovation in the decentralized finance landscape, promoting a communal approach to liquidity provision that rewards collaborative efforts and strengthens user engagement.

To learn more about this endeavor and to participate, visit Bybit's official site.