Categories: Finance

Bybit Earn: Phasing Out of DeFi Mining

As some of you may already know, we’ve been actively refreshing our Bybit Earn offerings in the recent months.

While it excites us greatly to bring you new and improved features to take your crypto experience to the next level, it’s also with a heavy heart that we’ll be phasing out DeFi Mining.

From Aug. 15, 2022, 8AM UTC onwards, traders will no longer be able to participate in DeFi Mining, as the page will be removed to make way for bigger and better staking products. Rest assured that users still holding staked assets past the deadline will have their assets automatically unstaked upon the completion of the staking period.

Please take note of the following dates:

Aug. 15, 2022: DeFi Mining will cease operation

Sep. 5, 2022: Dispatch of earnings from the final day

Aug. 25, 2022, 10AM UTC: DeFi Mining will be removed from the Bybit Earn page

Users can still access their DeFi Mining orders via the assets page.

That said, if you’ve yet to try our new additions to the Bybit Earn lineup, now’s the perfect time! Check out our range of Earn products:

1. Liquidity Mining gives you low-risk rewards of up to 50% APY.

2. Dual Asset is a short-term trading tool that gives you higher returns in low-volatility markets.

3. Shark Fin, our latest addition, is a principal-guaranteed product that allows you to capitalize on the expansion and contraction of volatility for a chosen crypto asset.

Ready for the next chapter of Bybit Earn?

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