Bybit Simplifies Staking with Launch of On-Chain Earn

Bybit, the world’s second largest cryptocurrency exchange by trading volume, is excited to introduce the Bybit On-Chain Earn feature that expands user access to Proof-of-Stake earning models (Proof-of-Stake) with additional benefits.

The new feature provides a seamless staking experienceeliminating technical complexities. Additionally, it gives more users direct access to staking opportunities through the Bybit platform. Starting October 30, users of Bybit can unlock a new way to earn cryptocurrency rewards with On-Chain Earn.

One of the main drawbacks of staking for users is the hassle of managing multiple technical layers and gas fees. Apart from that, it also requires advanced technical knowledge on the part of individual stakers. They are expected to be equipped with the hardware and knowledge to manage and deploy nodes.

“Bybit On-Chain Earn will redefine the staking experience, removing complexity and opening the doors to a stream of CeFi users to participate in the decentralized future. This launch marks a step towards a revolution in how people interact with blockchain technology, combining simplicity with opportunity. At Bybit, we are committed to creating an inclusive space and empowering users to become active contributors to the blockchains in which they participate.”

Joan Han, Director of Sales and Marketing at Bybit.

Bybit makes staking accessible to everyone with On-Chain Earn

“With the launch of On-Chain Earn, we aim to bridge the gap between decentralized experiences and centralized users. At the same time, we are eager to collaborate with a broader range of projects within the ecosystem, working together to create a ‘Crypto Ark’ that provides robust and complete access to the world of digital assets.”

Jerry Li, Head of Financial Products at Bybit.

• Staking with ease: With Bybit On-Chain Earn, users can take advantage of Bybit’s sophisticated platform and infrastructure. The service allows users to stake top-tier cryptocurrencies from ETH to SOL with just a few clicks, and without needing to painstakingly manage the technical aspects.
• Contributing to decentralization with possible gains: Users can also benefit from the market surge while contributing to the security and decentralization of the blockchain through Bybit On-Chain Earn. By staking a blockchain of your choice, users will be contributing to the protocol simply by participating.
• CeFi x DeFi Opportunities: The product is uniquely positioned to support the transition of centralized finance (CeFi) users into the decentralized finance (DeFi) space, allowing them to start their exploration into DeFi in the friendly and familiar environment of Bybit. The ease of access to both avenues offers cryptocurrency believers more diversification opportunities. Additionally, Bybit users can also enjoy competitive APRs and additional benefits such as airdrops and other rewards.

About Bybit

Bybit is the second largest bitcoin and cryptocurrency exchange in the world by volume of operations, serving more than 50 million users. Established in 2018, it is a professional platform where cryptocurrency investors and traders can find an ultra-fast matching engine, 24/7 customer service, and multilingual community support.

Bybit is a proud partner of the Oracle Red Bull Racing team, reigning champions of Builders and Drivers of Formula One.

For more information, visit Bybi websiteand their social networks:

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