Bybit introduces Dual Asset Mining (Uniswap V3) on ByFi Center.
Dual Asset Mining on Bybit
Dual asset mining is now online, with an annualized rate of return as high as 90%!
ByFi Mall officially launched the dual asset mining (Uniswap V3) business! As a short-term investment product, dual asset mining will become a new channel for you to obtain high liquidity and a high annualized rate of return (APY) of 90%.
Try Dual Asset Mining on Bybit
What is Dual Asset Mining (Uniswap V3)?
Dual asset mining is a non-guaranteed investment product with floating returns.
You can choose a short-term pledge period of 1, 3, 5 or 7 days according to your investment preferences.
Bybit will help you pledge your assets to the Uniswap V3 agreement to obtain liquidity support.
You can choose ETH or USDT, and the annualized rate of return will be guaranteed on the day of purchase.
The asset class you get at the time of settlement depends on the difference between the settlement price and the benchmark price *.
| Staked Asset: USDT | Staked Asset: ETH | |
|---|---|---|
| Settlement Price < Benchmark Price | Received Asset (Upon Settlement): ETH | |
| Proceeds = Staking Amount / Benchmark Price * (1+Yield) | Proceeds = Staking Amount * (1+Yield) | |
| Settlement Price > Benchmark Price | Received Asset (Upon Settlement): USDT | |
| Proceeds = Staking Amount * (1+Yield) | Proceeds = Staking Amount / Benchmark Price * (1+Yield) | |
** Benchmarking price: the spot price of ETH (priced in USDT) at the beginning of the product plan, derived from the Uniswap V3 agreement. This price will be updated on the effective date of the plan.
What is the Uniswap V3 protocol?
As the latest DeFi agreement, Uniswap V3 allows liquidity providers (LP) to set a price range for asset allocation, rather than the entire price curve.
As long as the price remains within a given range, the liquidity provider will charge a commission based on the liquidity provided.
Uniswap V3 concentrates liquidity in a more limited range and helps liquidity providers earn higher fees.
It is an improved version of Uniswap V2.
Uniswap is the largest decentralized finance (DeFi) protocol that uses automated market makers (AMM) to facilitate the exchange of cryptocurrencies.
Find out more about Uniswap V3 protocol
Advantages of Bybit Dual Asset Mining
Bybit dual asset mining allows you to conduct fast, easy, and unimpeded liquidity mining through Uniswap V3.
Bybit adopts a proprietary strategy to introduce liquidity, and at the same time reorganize and compound interest for you to ensure higher returns.
Bybit adopts the industry’s top security infrastructure and risk control measures to ensure the security of user assets to the greatest extent.
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...