Earn More With Bybit Liquidity Mining.
Bybit liquidity mining to create higher income
The new product Bybit liquidity mining is officially launched. If you have already experimented with staking products and are interested in exploring the field of decentralized finance (DeFi), then liquidity mining is an advanced option. With a few simple steps, you can claim the DeFi service benefits of your existing Bybit wealth management account.
The latest version further simplifies the operation, making it easier for you to make full use of the cryptocurrency assets on hand, earn passive income, and avoid idle funds. Sound like a good way to upgrade your investment strategy? Try it now!
What is Bybit liquidity mining?
Bybit liquidity mining provides a variety of liquidity pools based on the Automated Market Maker (AMM) model. Each pool includes a token pair that users can easily and quickly exchange within the pool. In addition, if you store tokens in the liquidity pool, that is, when you increase liquidity, you are a liquidity provider (LP), and the fee for the pool to exchange tokens is your income.
If you are a liquidity provider, you can earn passive income from idle assets. If you are a trader, you can benefit from shorter trading times and low slippage from large liquidity pools.
Why use Bybit liquidity mining?
- Long-term stable income
- If you happen to be in the investment window period and you are not afraid of short-term price fluctuations, then liquidity mining is an excellent choice for you. Sit back and enjoy the high annualized income of the liquidity pool without checking market trends every day.
- Leveraged high yield
- Use leverage tools to magnify your gains! The platform provides up to 5 times leverage to meet the different risk preferences of traders. Simple to operate, lowering the lever only takes seconds.
- One-click to achieve
- Bybit knows how complex DeFi can be. That’s why Bybit simplifies operations, making it easy for you to earn coins and receive money easily. Click the mouse to choose to receive benefits or reinvest to get higher returns! That’s right, it’s easy to do with just one click.
Potential risks of the liquidity mining
- Impermanent loss
- Affected by the price changes of the underlying assets, liquidity mining faces the risk of impermanent losses.
- Liquidation risk with leverage
- Although the liquidation risk of liquidity mining is lower than that of derivatives contracts, position leverage will naturally increase the liquidation risk. Only need to cover USDT to reduce leverage.
How to add liquidity?
Now that you understand Bybit liquidity mining, let’s take a look at how to manage money. Bybit simplifies the whole process, make everything clear and simple, and earn money in just a few steps.
Step 1: Go to Bybit Financial Management and click on the “Liquidity Mining” page.
Step 2: Browse and select the pool that is right for you. Tip: You might as well choose a fund pool with a high annualized rate of return
Step 3: Enter the stored value amount and adjust the leverage as required.
Note: You can add one or two tokens to the pool, whichever is easier to choose! The system will automatically rebalance the amount of the two tokens according to the current fund pool composition. Note that the higher the leverage, the higher the risk.
Step 4: Click on “Add Liquidity” followed by “Confirm” and you’re done!
Once done, you can easily manage your positions on the “My Liquidity” page. You can also add liquidity, remove liquidity, exchange tokens, claim and reinvest income, and reduce liquidity.
It’s so easy to get financial benefits, come and experience it!
Please check Bybit official website or contact the customer support with regard to the latest information and more accurate details.
Bybit official website is here.
Please click "Introduction of Bybit", if you want to know the details and the company information of Bybit.
Comment by Hans
April 24, 2024
as I am trading here various assets, for me it's the most important feature. i mean, flexibility in tradable markets. i alternate trading styles, meaning that sometimes I trad...