Key Takeaways
- Bybit unveils a 7-day Fixed Term USDT Savings Product with an impressive 15% APR, doubling to 30% after the period.
- The product suite offers high APY savings-style options and VIP-exclusive deals, making it ideal for crypto investors.
- New users can access VIP benefits with a $25,000 deposit, including the VIP-only Fund Pool with a 9% APR return.
In the economy of today, passive income plays a crucial role. With digital assets on the go, there is no doubt that more individuals are looking to find ways to survive the bear market. To improve the situation and provide users with ease, Bybit has introduced a new solution. The leading crypto exchange has introduced a suite of passive income products for users. Let’s take a deeper look at this new solution.
A New Solution
To brighten up the cryptocurrency market’s future, Bybit has introduced an exclusive 7-day Fixed Temr USDT Savings Product. This product will include an impressive 15% APR, and the yield will double at the end of the period with extra bonuses to be paid in USDT, making the total APR 30%.
This new solution is pioneering when considering the tough market conditions. With market conditions’ challenges, this product suite is sure to benefit users.
Through this program, Bybit’s passive income products are hoped to be enhanced. The product suite also includes savings-style products with high APYs for digital assets. Moreover, users can also avail intermediate-level products like Dual Asset mining. In Dual Asset mining, VIP-level deals will open up every Friday.
To add zest to these offers, the platform has also opened doors for VIPs as they can avail 50% less than usual. New users can avail VIP access by depositing $25,000 or more during the campaign. More so, new users will also be eligible for the VIP-only Fund Pool, which has a rate of 4.5% APR. What is interesting to note here is that this pool will double interests at the end of the 30 days, giving a total 9% APR return for new VIPs.
Given Bybit’s reputation of integrating new solutions in the DeFi world, these solutions are one of a kind. In relation to these changes, Ben Zhou, co-founder and CEO of the platform, commented,
“Bybit was built in the 2018 bear market, and we are building even more intensively this time to help our loyal community and users enhance their returns during the current bear market, we are revamping Bybit Earn with simple, safe opportunities to earn yield while waiting for the next bull run.”
Press Release
With the platform positioned as a top cryptocurrency exchange, seeing what users think about this new update will be interesting. Stay tuned for more.
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