Bybit Increases BTC Staking Yield to 1.2% APR Through Partnership With Function
Bybit, the world's second-largest cryptocurrency exchange by trading volume, has raised its guaranteed annualized return on BTC staking from 0.8% to as much as 1.2%, a 50% increase. This enhancement is part of Bybit On-Chain Earn’s partnership with Function (FBTC), offering users fixed-term returns through the upgraded BTC Vault product. The new solution provides eligible users with a guaranteed minimum return over a 45-day term, with no early redemption option and a subscription cap of 200 BTC. Upon maturity, participants can choose to automatically renew their staking cycle without manual reinvestment. This offering aims to provide predictable yield generation for BTC holders during periods of market consolidation. The partnership expands Bybit's engagement in the DeFi and TradFi convergence space, enhancing user access to diverse digital asset opportunities.
Tickers: $FBTC
Topics: Bybit cryptocurrency DeFi Function (FBTC) staking