What is Bybit Reward Services?

Bybit Reward Services is an investment product on Bybit Earn that fixed product terms with competitive and guaranteed APRs. The product supports BTC, ETH, USDC and other popular coins. 

What is the fixed-term product?

The staking period and APR are fixed when you purchase a product plan. Both the principal and the yield will be automatically distributed to your Funding Account on the yield distribution date.

Will there be any other fees?

No. The management fee charged by Bybit is already reflected in the APR.

 

 

 

Is Identity Verification required for Bybit Reward Services?

Yes. Users will need to complete individual Identity Verification Lv. 1 or Business KYC in order to purchase Bybit Reward Services. Please click here to complete Identity Verification.

 

 

 

Can I purchase Bybit Reward Services products using subaccounts?

Yes, you can purchase flexible and fixed-term products using subaccounts.

Which type of account do I need to use for Bybit Reward Services?

You have the option to utilize assets from your Unified Trading Account or Funding Account for staking. 

Are there any staking amount limits?

Yes. You can view the minimum and maximum amount limit from the order zone. Please note that your current staking amount cannot exceed the maximum limit.

 

 

 

What is the effective staking amount?

The effective staking amount refers to the number of coins you’ve staked that are currently being calculated for yield. After subscription, yield on your Reward Services Assets will start accruing from the next hour and will be distributed to your Funding Account on a daily basis at UTC+0:30. Assuming that you’ve staked 20,000 USDC at 10AM UTC on June 1, your effective staking amount will be updated to 20,000 USDC, one hour after that, at 11AM UTC on June 1.

How do I calculate my daily yield?

Let's take a look at calculating yields for fixed-term product.

 

Fixed Term Products

Formula

Your Total Yield = the number of coins you've staked × (APR for the staked coin/365) × staking period

 

Example

Let’s say that Alice stakes 20,000 USDC on June 1 for a fixed term of seven days, and the estimated APR for USDC is 9%. Starting at 12AM (midnight) UTC on June 2,  calculations for Alice’s daily yield will begin automatically — rounded to the nearest integer. When the fixed term product ends at 12:30 AM (midnight) UTC on June 9, 34.52 USDC (20,000 x 9% / 365 x 7) will be auto deposited to her Funding Account, along with the principal of 20,000 USDC.

 

When will my yield be calculated and deposited to my account?

Fixed Term Products:

Calculations for your yield will start on the next day (T+1) after you’ve staked the coins, and will be deposited in total to your Funding Account at 12:30 AM UTC on the yield distribution date.

Can I compound my yield?

Fixed Term Products: Currently, compounding is not supported in Fixed Term Products. As fixed term yield will not be automatically reinvested to generate additional yield, you must manually make a new stake for Bybit Reward Services.

 

Note: To make a new stake, the minimum stake amount must be fulfilled.

 

 

 

Will re-staking of my yield be regarded as a new stake order?

Fixed Term Products: This will be considered a new stake order. Please note that the minimum stake amount must be fulfilled.

 

 

 

Am I guaranteed to obtain my yield even if the crypto asset’s market value decreases?

The yield received by users will be determined according to APR, which varies based on market conditions. However, users who purchase fixed term products will receive a fixed APR.

 

 

 

When can I unstake the coins I've staked?

Fixed Term Products: You cannot unstake your staked coins once the product plan is effective. Your principal and yield will be credited into your Funding or UTA/Spot Account on the yield distribution date. 

Can I partially unstake my assets?

Fixed Term Products: You cannot unstake your staked coins once the product plan is effective.

 

 

 

Can I stake more assets if the plan I initially staked is sold out?

No. You are unable to stake more assets if the plan is sold out. However, it will be available again, and there will be more capacity for traders to stake their assets if someone withdraws from the rewards service pool.

 

 

 

 

Will I continue to receive the yield if the Reward Services plan I’ve staked is sold out?

Yes. You will still receive the yield based on your staked assets until the plan expires.