Bybit Boosts BTC Staking Yield by 50%
Bybit, the second-largest cryptocurrency exchange by trading volume, has upgraded its BTC staking Vault product through a partnership with Function (FBTC). The move raises the guaranteed annualized return on Bitcoin (BTC) staking from 0.8% to up to 1.2%, a 50% increase.
The upgrade comes as Bitcoin continues to consolidate around the $80,000 level after rebounding from roughly $62,600 in August. Bybit's On-Chain Earn platform now offers a fixed-term staking solution with no option for early redemption and a subscription cap of 200 BTC.
Users can opt into automatic renewal upon maturity, allowing both principal and accrued returns to roll seamlessly into the next staking cycle without manual reinvestment. This structure is designed to provide Bitcoin holders with a straightforward way to generate yield on idle holdings while maintaining predictable, fixed-term commitments.