Bybit: Liquidity Mining: 6 New Liquidity Pools!
We’re thrilled to announce the addition of 6 new liquidity pools to our Liquidity Mining platform!
In case you haven’t heard, Bybit Liquidity Mining supports up to 3x leverage, allowing you to multiply your earnings with up to 50% APY on the following pools:
- AVAX-USDT
- DOGE-USDT
- DOT-USDT
- MATIC-USDT
- SOL-USDT
- XRP-USDT
What’s more, you can choose to add or remove liquidity at any time! So flexible, so easy.
What is Liquidity Mining?
Liquidity Mining is our latest offering in the decentralized finance (DeFi) space. Here, you’ll find that we carry a variety of liquidity pools based on the automated market maker (AMM) model. Each pool contains a pair of tokens, allowing for quick and easy swaps within the pools. Additionally, when you deposit your tokens into our liquidity pools — i.e., add liquidity — you become a liquidity provider (LP), and will be entitled to yield, derived from swap fees in the pool.
As an LP, you’ll get crypto exposure while saving the other half of the assets in stablecoin. In this case, you can enjoy the rising price and reduce the risk of the price dropping, while gaining from the high APY — without having to check in on the markets daily.
Learn more about Liquidity Mining here.