#Bybit #Dubai #UAE #Function Bitcoin #BTC APR

Bybit's Enhanced On-Chain Earn Program

In a significant move reflecting the growing evolution of decentralized finance, Bybit, the world's second-largest cryptocurrency exchange, announced an enhancement to its On-Chain Earn program. This upgrade marks a pivotal moment for bitcoin (BTC) holders, providing them with an increased annual percentage rate (APR) of 2%, up from the previous 1.15%. The change comes through an expanded partnership with Function Bitcoin (FBTC), a forward-thinking protocol that enhances Bitcoin's functionality.

Understanding the Upgrade

The newly implemented features create a more efficient environment for users, turning BTC from a simple hold into an actively yield-generating asset. This transition leverages advanced decentralized finance (DeFi) protocols, allowing for optimized returns while maintaining the core principles of security and decentralization.

Key Features of the Enhancement:

• - APR Increase: The latest update raises the BTC earning potential notably by 74%, appealing to a broad spectrum of investors.
• - Expanded Capacity: Bybit has increased the total cap from 1,250 BTC to 2,000 BTC, paving the way for a larger number of participants to engage in the staking process.
• - Optimized Yield Strategies: Bybit introduced enhanced yield optimization methods through DeFi protocols, which boost capital efficiency and return rates.

Fixed and Flexible Returns

Unlike traditional financial instruments that fluctuate according to market conditions, Bybit's On-Chain Earn assures fixed returns for its users. This is particularly beneficial for stakers who seek stability during volatile market conditions. The staking process is straightforward, with eligible Bybit users able to stake their BTC under the following terms:

• - A fixed 45-day staking period guaranteeing a 2% APR.
• - An auto-reinvest feature that facilitates seamless compounding of both principal and rewards.
• - All deposits and interest payments are denominated in BTC, enhancing user comfort and predictability.

Simplified Staking Process

Bybit's On-Chain Earn feature stands out by significantly reducing the complexities associated with conventional staking procedures. Users no longer need to manage gas fees or node operations, allowing them to stake popular Proof-of-Stake tokens with just a few clicks. By combining a frictionless staking experience with competitive APR offerings, Bybit empowers its users while maintaining a robust and secure platform.

About Function Bitcoin (FBTC)

Function Bitcoin is a next-generation BTC protocol that integrates a hybrid consensus mechanism with smart contract capabilities. This innovative approach ensures a more secure and decentralized environment while granting users improved yield opportunities. The collaboration between Bybit and FBTC reinforces bybit's dedication to creating an open and equal ecosystem within the blockchain landscape.

A Bright Future in Decentralized Finance

Bybit continues to redefine finance by merging traditional financial structures with decentralized models. With over 70 million users globally since its establishment in 2018, Bybit focuses on fostering a Web3 environment. By strategically collaborating with leading blockchain protocols, it aims to provide a robust infrastructure that drives on-chain innovation.

In conclusion, Bybit's enhancement to its On-Chain Earn platform, coupled with the partnership with Function Bitcoin, sets a new standard in the cryptocurrency staking landscape. With secure custodial solutions, comprehensive tools, and an intuitive user experience, Bybit stands as a bridge between traditional finance and the decentralized world, opening new avenues for crypto enthusiasts and investors alike. Discover the future of decentralized finance at Bybit.com.

Media Inquiries

For further information, media inquiries are welcome through the Bybit Press contact channels. Stay updated by following Bybit across various social media platforms including Discord, Facebook, Instagram, LinkedIn, Reddit, Telegram, TikTok, X, and YouTube.