Bybit, the world’s second-largest crypto exchange by trading volume based in UAE, has integrated USDe, a groundbreaking reward-bearing stable margin collateral, into its platform.
This integration marks a significant milestone in empowering traders to efficiently manage their collateral while unlocking rewards and earning yields.
This strategic integration between Bybit and Ethena represents a forward-looking move that seeks to reshape the stablecoin landscape in the cryptocurrency industry. Bybit’s adoption of Ethena’s USDe introduces a new paradigm in trading rewards and collateral management.
Ben Zhou Co-founder & CEO Bybit
“We are thrilled to announce this partnership with Ethena, aligning great minds to drive industry innovations. Enabling USDe integration on Bybit offers us unparalleled strategic advantages in fostering and shaping a more vibrant and resilient crypto ecosystem. We look forward to the groundbreaking developments this partnership will bring, and the positive impact it will have on our users and the broader crypto community.”
“Ethena’s integration with Bybit is a significant step in driving use cases for USDe. Offering USDe as collateral on Bybit which is one of the most important derivative venues in all of crypto will unlock USDe’s next wave of growth, further challenging the existing stablecoin hegemony with a tailored product purpose-built for crypto-natives,” said Guy Young, CEO and Founder of Ethena Labs.
Key highlights of the campaign:
Enjoy a daily airdrop of up to 20 percent APR with USDe exclusively, coupled with a remarkable 90 percent collateral value ratio (CVR).
Users can effortlessly accumulate rewards by simply holding USDe, eliminating the need for staking or locking mechanisms.
Users will receive their rewards daily at 6 AM UTC directly into their Funding accounts, without any minimum holding requirements.
Users can buy and sell with zero fees across both USDe/USDT and USDe/USDC spot pairs.
