Bybit Launches BYUSDT, Enabling Easy Earn Assets to Serve as Trading Margin While Maintaining Yield (12 Dec)
Launch of BYUSDT: Bybit has introduced BYUSDT, a proprietary token for VIP users that allows them to convert USDT Flexible Easy Earn balances into trading margin while still earning yield, maintaining a 1-to-1 claim on their USDT.
Yield Mechanism: The yield for BYUSDT follows the same structure as USDT Flexible Easy Earn, with rewards accruing hourly and distributed daily in BYUSDT to users' Unified Trading Accounts.
Trading Competition: A BYUSDT Trading Competition with a prize pool of 700,000 USDT will commence on December 15, with specific eligibility criteria and rules governing the event.
Regulatory Disclaimer: BYUSDT may face availability restrictions in certain jurisdictions due to regulatory requirements, and users are advised to review full terms and conditions.
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