Bybit Raises BTC Staking Yield by 50% to 1.2% APR

Bybit has upgraded its BTC staking Vault through a new partnership with Function (FBTC), increasing the guaranteed annualized return from 0.8% to as much as 1.2%.

The move gives Bitcoin holders another option to generate returns on their holdings while the cryptocurrency trades in a relatively narrow range.

45-Day Fixed-Term Vault

The upgraded BTC Vault offers eligible users a fixed 45-day term, with a guaranteed minimum return. Unlike variable-rate products, the yield does not fluctuate during the subscription period.

The product does not allow early redemption and comes with a maximum subscription limit of 200 BTC. Users can also choose to automatically renew their position when the term ends, allowing the principal and earned returns to move into the next cycle.

Partnership With Function

Bybit said its partnership with Function, the protocol behind FBTC, expands its efforts to connect users with opportunities across the decentralized and traditional finance sectors.

The company is positioning the product as a way for BTC holders to put otherwise idle assets to work while retaining a fixed-term structure and predictable returns.

The upgraded BTC Vault is now available through Bybit On-Chain Earn. Eligibility requirements and other terms and conditions apply.