Bybit is stoked to announce that Flexible Staking, the newest entrant to the ByFi Center, is now live.
ByFi Center Flexible Staking Table of Contents
The Promotion has ended. Please note that the information of the ended Promotions and events maybe outdated.
For the latest Bybit’s Promotions and events, please refer to its main introduction page. Bybit’s main introduction page is here.
Flexible Savings: Staking and Win
Bybit has announced that Flexible Savings, the newest Bybit Earn product, is now available.
You can staking BTC, ETH, USDT and USDC to obtain guaranteed returns of up to 5% and also withdraw the tokens in staking at any time.
And the best part is that you can start with as little as 0.01 ETH, 0.001 BTC, 50 USDC and 50 USDT.
Also, if you make your first investment in Flexible Savings, you will participate for an iPhone 13, Bonuses of up to 5 USDT and exclusive Bybit products!
Sit back, relax, and just watch your wallet balance start to grow.
What is Flexible Savings?
The Flexible Savings product allows you to stake your tokens to obtain competitive returns with low risk, with BTC, ETH, USDT and USDC, with a stable APY. The yield will be calculated automatically and deposited daily into your ByFi account.
Who can use it?
Currently, a KYC verification is not required to use Flexible Savings. It doesn’t matter if you are an expert trader or a newcomer to the crypto world, Bybit made Flexible Savings easy to use, risk-free and high-yielding for you.
- If you are new to crypto
- Flexible Savings in USDC and USDT can be your new best friend. Easy to understand plans, simple earnings, and best of all, minimal risk and volatility.
- If you are an ordinary trader
- There are only benefits and no disadvantages when it comes to earning additional returns on the assets that you plan to keep and protect in the long term; time to start flexible staking in BTC and ETH.
- If you are a trading expert
- If getting the best out of volatility is more your style, manage your assets and trading needs in one of the most robust and dynamic trading environments in the world: place and withdraw tokens in staking at any time to adapt your portfolio strategy and obtain the highest stable APY available in the market.
How is my daily performance calculated?
Your daily performance depends on the type and number of tokens you have in staking.
Your daily yield = Number of tokens in staking × (APY for the token in staking / 365)
The calculation of your daily yield will begin the day after (T + 1) that you place your tokens in staking, and it will be automatically deposited daily in your ByFi account one day after the calculation period begins (T + 2 ).
No return will be generated the day you place or withdraw your staking assets.
To find out more, head over to Bybit’s product page.
Terms and Conditions of the promotion
The Annual Percentage Yield (APY) will vary based on market conditions and internal risk management. Bybit reserves the right to update it without notifying users in advance.
To withdraw the tokens, go to ” Flexible Savings ” in “ByFi Account”, within “Orders and Trades”.
Currently, you cannot generate compound returns. Your daily performance will not be automatically rolled over to generate additional performance. Instead, you must make a new deposit in Flexible Savings.
Once the total maximum staking amount is reached, the plan for the corresponding product will be closed.
The individual staking threshold and the maximum total staking amount for each type of token will be adjusted from time to time based on market conditions and internal risk management. Bybit reserves the right to update it without notifying users in advance.
To win any of the prizes, in addition to making your first investment in Flexible Savings, you must click on the “Participate” button.
Validity to participate in the prizes: from 10 AM (UTC) on November 1 to 10 AM (UTC) on November 30.
Winners will be announced up to one week after the event ends. There may be customs charges when shipping the product that will be paid by the winner.
The promotion is not sponsored by Apple Inc.
Bybit reserves the right to disqualify any user who has dishonest or abusive behavior.
For more information, please inquire to Bybit Official Website Official Website directly. In order to participate to the Promotion, you must have a Bybit Account. If you haven't opened an account yet, please open one from here for Free.
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...