Nikolas Sargeant
Bybit Launchpool has introduced Celestia (TIA), described as a modular data availability network. Users can deposit TIA on Bybit and stake it to receive a portion of 25,000 TIA until November 14, 2023, at 10 AM UTC.
Bybit is a cryptocurrency exchange platform established in March 2018. It has gained popularity in the digital asset trading space for its user-friendly interface, variety of trading products, and security features. You can read more about it in our ByBit review.
The process involves staking TIA tokens on the Bybit Launchpool to earn more TIA tokens. The TIA Pool, which opens after TIA deposits are supported on Bybit and closes on November 14, 2023, at 10 AM UTC, has specific parameters. These include a committed token of TIA, a pool size of 25,000 TIA, a minimum staking amount of 100 TIA, and a maximum staking amount of 2,000 TIA.
The daily yield is calculated based on the amount of TIA staked by all participants and the daily TIA prize pool. Yield accrual begins the day after staking (T+1) and is auto-deposited to the Funding Account one day after the calculation period (T+2), refreshed daily at 12 AM (midnight) UTC. Staked assets can be withdrawn at any time, but no yield will be generated on the day of withdrawal.
Celestia (TIA) is defined as a modular data availability network tailored to scale securely with user numbers, aiming to facilitate the launch of individual blockchains for a broad range of users.
