Bybit launches liquidity-mining pools with up to 30% annualised yield

The cryptocurrency exchange Bybit announced the launch of liquidity-mining pools, according to the platform’s press release.

добавила three pools: for Bitcoin (BTC), Ethereum (ETH) and BitDAO (BIT) in a pair with the stablecoin Tether (USDT). Liquidity providers contribute both assets, or one — with automatic conversion.

Users can employ up to 3x leverage. Bybit estimates that annualised liquidity mining with leverage yields up to 30%.

The instrument operates under the automated market-maker (AMM) model. Pool liquidity providers share trading commissions from each trade. The exchange pays profits in USDT.

\”We understand that users want to earn passive income from their assets. Liquidity mining pools are another step in the development of the crypto community. We believe in the future of DeFi and personal financial freedom,\” said Bybit CEO Ben Zhou.

Bybit is a platform for trading crypto assets and derivatives, as well as for staking, DeFi mining, NFTs and P2P trading.

According to analytics service CoinMarketCap, Bybit ranks third among crypto exchanges by derivatives trading volume. 

Earlier, Bybit launched Bitcoin options trading.

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