Nikolas Sargeant
In a move to elevate user engagement and reward loyal participants, ByBit has launched an event, the Staking Super Boost. This opportunity to earn elevated staking APYs is now live and will continue until 10:00 AM UTC on October 9, 2023.
How to Qualify:
Users eager to partake in the Staking Super Boost must stake their assets in designated mining pools to be eligible for the vast prize pool. The more, the merrier – there is no limit to the tokens staked. Participants staking in USDC, USDT, DAI, USDC.E, and USDT.E will all stand a chance to win enticing rewards.
Tasks & Eligibility:
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Task 1: Only amounts exceeding $1,000 staked in designated pools within a single transaction during the event will be considered for rewards.
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Task 2: Participants must maintain a minimum of $1,000 in staked assets across all designated pools for at least 7 days to qualify for rewards.
Hourly Snapshots & Investment Position:
Throughout the event, hourly snapshots of participants' investment positions will be taken, focusing solely on asset snapshots. These snapshots will include hourly statistics of the market value of users' investment positions. Post-event, a final snapshot will be taken to determine the total investment amount.
Reward Distribution:
Upon conclusion of the event, the investment amount snapshot, taken upon the completion of participants' two tasks, will be allocated proportionally to the fund pool. Rewards will be issued based on the actual amount staked by users.
ByBit is a leading cryptocurrency exchange platform committed to providing a seamless and secure trading experience. With new promotions and offers for their users, ByBit empowers traders to more easily navigate the crypto market. Visit our ByBit review for more information.
