What is Bybit On-Chain Earn?
Bybit On-Chain Earn provides convenient access to on-chain yield opportunities without requiring users to manage wallets, Gas fees, nodes, or complex on-chain operations.
It currently includes four product categories:
- Hold to Earn: Acquire and hold yield-bearing tokens while retaining the flexibility to use them in supported scenarios.
- Stake to Earn: Stake supports PoS assets and earn network staking rewards, while Bybit handles the node and on-chain operations.
- Alpha Farm: Participate in on-chain liquidity strategies and earn rewards from trading fees, protocol incentives, and other on-chain sources.
- Vault: Deploy assets into selected on-chain protocols or strategies, such as lending, staking, and liquidity provision.
Product mechanisms, APRs, redemption rules, and risks may vary.
What are the benefits of staking?
By participating in Staking, users can earn staking rewards generated by the corresponding blockchain network while helping increase network security and decentralization.
Some products distribute rewards directly, while others may reflect yields through yield-bearing token value appreciation or exchange rate increases.
Which token and protocol does On-Chain Earn support?
On-Chain Earn supports various tokens and staking protocols, each with different staking and redemption rules depending on the specific network. You can view the supported protocols and tokens from the On-Chain Earn page.
Is Identity Verification required to participate in On-Chain Earn?
Yes, similar to other Bybit Earn products, individual Identity Verification of at least a standard level is required to participate in On-Chain Earn.
For more details, please refer to the following articles:
When do returns start generating after subscription?
The return accrual time varies by On-Chain Earn product. Some products begin generating returns immediately after subscription, while others start only after the required on-chain processes—such as transactions, minting, staking, or strategy deployment—are completed.
Please refer to the corresponding product page for the specific accrual timeline.
Can I redeem my staked assets anytime?
It depends on the product. Some Flexible products allow you to submit a redemption request at any time. However, the redeemed assets may only be credited after the applicable un-bonding period or other on-chain processes are completed.
Fixed products generally require you to hold the assets until maturity. Please refer to the corresponding product page for the applicable redemption rules and processing time.
Why isn't redemption immediate?
Assets subscribed to On-Chain Earn products are deployed on blockchain networks or in on-chain protocols. As a result, redemptions may require unstaking, protocol settlement, or other on-chain processes to be completed before the assets can be credited.
The processing time varies depending on the product mechanism, network conditions, and protocol liquidity. Please refer to the corresponding product page for details.
How are APR and exchange rates determined?
The APR is generally estimated based on returns generated by the underlying blockchain network or protocol. It may be affected by factors such as staking volume, on-chain activity, protocol incentives, validator performance, and market conditions.
Unless otherwise stated, the APR displayed on the product page is for reference only and does not guarantee actual returns.
The exchange rate is determined by the product structure and the mechanism of the underlying protocol. Some products use a fixed or relatively stable exchange ratio, while others have a variable exchange rate that changes as underlying returns accrue. The actual amount of assets received may also be affected by protocol fees, Gas fees, and asset conversion rates.
What is the APR bonus on On-Chain Earn?
The APR bonus on On-Chain Earn provides users with additional yield credited directly to their Funding Account, with the following key details:
- Credit Timing: The extra yield will be credited daily at 6:00 AM UTC.
- Eligibility: To qualify, you must maintain the staking status or hold the minted token for a full 24-hour period. For example, holding the minted token from T+0 12:00 AM to T+1 12:00 AM makes you eligible for the extra yield credited at T+1 6:00 AM UTC.
- Variable APR: The bonus APR may fluctuate daily based on the prize pool and total staking amount.
- Pool-Specific Rules: Detailed rules for each staking pool can be found at the announcement center. You can click on "Learn More" to access the latest announcements for accurate and updated information.
How is the exchange rate determined for Hold to Earn?
The exchange rate depends on the specific Hold to Earn product and the mechanism of its underlying protocol.
Some products use a fixed or relatively stable exchange ratio, while others have a variable exchange rate that changes as underlying returns accrue. The actual amount of assets received may also be affected by protocol fees, Gas fees, and asset conversion rates.
Can I cancel my staking or redemption request after the order submission is successful?
No, you are not able to cancel your order once submitted. However, you can stake or redeem your token via On-Chain Earn again at any time.
Are there any fees for using On-Chain Earn?
Fees vary by product and may include Bybit service fees, underlying protocol fees, Gas fees, or other on-chain processing fees.
Please refer to the corresponding product page for the applicable fees and rates.
How are On-Chain Earn returns distributed?
Depending on the product, returns may be distributed or reflected in one of the following ways:
- Distributed periodically to your account
- Accumulated in your existing holdings
- Distributed in the form of reward tokens
- Reflected through an increase in the exchange rate of the yield-bearing token
Is there any risk associated with Bybit On-Chain Earn?
Yes, while Bybit On-Chain Earn offers opportunities to earn rewards, there are risks to consider:
- Market and Liquidity Risk: The value of underlying assets or yield-bearing tokens may fluctuate. Redemptions may also be delayed due to on-chain processing requirements or insufficient protocol liquidity.
- Blockchain and Protocol Risk: Network disruptions, validator performance issues, smart contract vulnerabilities, or protocol failures may affect returns, redemption processing, or asset security.
- Strategy Risk: Products such as Alpha Farm and Vault may be exposed to additional risks arising from their underlying strategies.
Please refer to the corresponding product page and risk disclosures for product-specific risks.