Auzzi Shopping

Men's Weekly

.

Bybit Launches Optimized ETH Staking Ahead of Ethereum’s Shanghai Upgrade

  • Written by Auzzi Shopping

DUBAI, United Arab Emirates - Media OutReach - 31 March 2023 - Bybit, the world's third most visited crypto exchange, launched its new Web3 Staking Pool today, enabling users to take advantage of the exchange's uncomplicated ETH staking options in time for Ethereum network's much anticipated Shanghai upgrade.



The staking pool drastically simplifies the process of adding liquidity to premier decentralized finance protocol Curve Finance from 11 steps to just three and saves transaction fees, too. The added benefits could lead to an ETH staking APR of up to 6.5%. And Bybit users don't even need to buy ETH as the product can be accessed using BTC, USDT and USDC balances.

According to Ben Zhou, co-founder and CEO of Bybit, "By introducing our Web3 Staking Pool via a dedicated landing page, we are making it easier for users to interact with decentralized finance and gain more rewards for their assets. Essentially, we are offering single-sided staking, which boosts the APR of ETH."

"The highly liquid and trading-integrated ETH staking options we will be rolling out around the time of Ethereum's Shanghai upgrade will open up many new opportunities for our users," Zhou added. "By offering convenience and transparency, our users will gain more control over how they manage their funds and grow their wealth in the Web3 era."

Ethereum's Shanghai upgrade is also the theme of two special trading events hosted by Bybit. Both events kick off on April 4th at 10:00 am (UTC) and run until April 21 and 25, respectively.

Firstly, the ETH Shanghai Upgrade Trading Bash opens the door for Bybit users trading any ETH-related derivatives (perpetuals, inverse or futures contracts) to share in a total prize pool of 450,000 USDC. Secondly, by entering Bybit's Supreme Scorer 2023, users have the chance to predict the price movement of eight different ETH-related trading pairs and share in the 80,000 USDT bonus pool.

Bybit is proud to offer Web3 integrations that create a simple, streamlined user experience and bring next level opportunities and products to institutions, crypto-natives and newcomers alike.

More from Bybit

Hashtag: #Bybit #EthereumShanghai

The issuer is solely responsible for the content of this announcement.

About Bybit

Bybit is a cryptocurrency exchange established in 2018 that offers a professional platform where crypto traders can find an ultra-fast matching engine, excellent customer service and multilingual community support. Bybit is a proud partner of Formula One's reigning Constructors' and Drivers' champions, the Oracle Red Bull Racing team, esports teams NAVI, Astralis, Alliance, Made in Brazil (MIBR), and Oracle Red Bull Racing Esports, and association football (soccer) team Borussia Dortmund.

For more information please visit:

For updates, please follow:










Today's Features at Auzzi

When to Call a Gutter Cleaning Pro: A Homeowner's Checklist

Most homeowners know they should clean their gutters - the tricky part is knowing exactly when. Leave it too long and you're dealing with blockages, overflow, and potential water damage. Get...

Why Hose Manufacturers Australia Play A Crucial Role In Industrial Efficiency And Reliability

Behind every smooth-running industrial operation lies a network of components working quietly but critically in the background. Among these, hoses are often overlooked, yet they serve as t...

Why Buying Ceiling Fans Online Is The Smartest Way To Upgrade Your Home Comfort

Creating a comfortable home environment is like fine-tuning a symphony where every element plays its part. Among these elements, ceiling fans quietly deliver both function and style, keepi...

How to Wipe Your iPhone Before Selling It (And Why It Matters)

Selling your iPhone is a smart way to recover some value, especially if you’re planning an upgrade. But before you pass it on, there’s one step that shouldn’t be rushed - wiping your...

Eastwood Tutoring Supporting Students With Personalised Learning And Strong Results

Every student carries a different rhythm when it comes to learning, some grasp concepts quickly, while others need a little more time and clarity. In a competitive academic environment, ha...

Accountants Melbourne Helping Businesses Stay Financially Strong And Compliant

Numbers tell stories, not the loud kind, but the quiet, revealing ones that shape decisions, growth, and stability. In a fast-moving business environment, working with accountants MelbourneÂ...

What to Look For When Browsing a Caravan and Camping Sales Event

Attending a caravan and camping sales event can be one of the most rewarding ways to explore what the market has to offer, with a wide range of models and configurations on display under o...