Bybit Launchpool allows you to stake and earn tokens for free. The tokens you've staked can be unstaked anytime. The current Launchpool project allows you to stake BIT and/or the new token to earn BIT, the new token and USDT bonus simultaneously. The Terms and Conditions for the Bybit Launchpool shall be reviewed and updated regularly.
1. Who is eligible for Bybit Launchpool?
Only users who have completed the individual KYC L1 requirement are eligible. Please note that enterprises are not eligible for the event. Users from restricted countries are not allowed to use the Bybit Launchpad.
You can click here to complete the verification.
2. How is my daily yield calculated?
Your daily yield depends on the number of BIT and/or the new token you've staked to each pool in proportion to the total number of BIT and the new token staked to each pool by the respective participants. Once staked, your daily yield will be automatically calculated.
When you stake a new token "β" (hypothetically):
Your daily yield (BIT and β) = (the amount of β you’ve staked to the β pool / total number of β staked to the β pool by the respective participants) * daily BIT prize pool + (the amount of β you’ve staked to the β pool / total number of β staked to the β pool by the respective participants) * daily β prize pool
When you stake BIT:
Your daily yield (BIT and β) = (the amount of BIT you’ve staked to the BIT pool / total number of BIT staked to the BIT pool by the respective participants) * daily BIT prize pool + (the amount of BIT you’ve staked to the BIT pool / total number of BIT staked to the BIT pool by the respective participants) * daily β prize pool
If you stake both BIT and β, your yield will be the sum of the two calculations above.
Calculations for your yield will start on the next day (T+1) after you’ve staked BIT and/or the new token, and will be deposited daily to your ByFi Account starting one day after the calculation period (T+2). No yield will be generated on the day you unstake your staked tokens. Your yield will be refreshed daily at 00:00AM UTC.
Example
Let’s say that Alice stakes 1,000 BIT and 3,000 β to the BIT pool and β pool on Nov. 10, 2021. The total number of BIT and β staked by the participants of each pool is 100,000 BIT and 200,000 β on the same day. Starting at 00:00AM UTC on Nov. 11, 2021, Alice’s daily yield will start to be calculated automatically. Shortly after 00:00AM UTC on Nov. 12, 95.24 BIT and 357.15 β will be deposited to her ByFi Account assuming that Alice doesn’t unstake her staked tokens before this time.
Alice's yield from the BIT pool:
38.10 BIT and 142.86 β = (1,000 BIT / 100,000 BIT) * (80,000 BIT / 21 days) + (1,000 BIT/ 100,000 BIT) * (300,000 β / 21 days)
Alice's yield from the β pool:
57.14 BIT and 214.29 β = (3,000 β / 200,000 β ) * (80,000 BIT / 21 days) + (3,000 β / 200,000 β ) * (300,000 β / 21 days)
Alice's total daily yield for Nov. 10 amounts to 95.24 BIT and 357.15 β .
Alternatively, no yield will be credited to her ByFi Account at 00:00AM UTC on Nov. 12, 2021, if Alice decides to unstake all her staked tokens before this time. If Alice decides to unstake 1,000 BIT only, she will still receive 57.14 BIT and 214.29 β on Nov. 12, 2021.
If Alice stakes an extra 1,000 BIT to the BIT pool on Nov. 11, 2021, the yield she receives at 0:00AM on Nov. 12 will still be 95.24 BIT and 357.15 β . The yield derived from her second staking will be credited to her ByFi Account shortly after 00:00AM on Nov. 13, 2021.
Your last daily yield and staked tokens will be auto credited to your account two (2) days after the event ends. Please note that there may be delays in the depositing of yields earned. You will only receive a yield if it’s greater than or equal to $0.01 equivalent.
3. When can I unstake tokens I've staked?
Your staked tokens can be unstaked anytime. They will be automatically credited to your ByFi Account immediately once unstaked. To unstake, please head to “Launchpool” in “ByFi Account” under “Orders & Trades”.
4. Can I compound my yield?
Currently, compounding is not supported. Your daily yield will not be reinvested automatically to generate additional yield. Instead, you must make a new deposit manually on the Bybit Launchpool.
5. How is the estimated APY calculated?
The estimated annualized percentage yield (APY) is the sum of the estimated APY from each pool, which is derived from the total number of tokens staked to the pool by all respective participants. Please note that the higher the total number of tokens staked to a pool, the lower its estimated APY will be.
6. What is the effective staking amount?
The effective staking amount refers to the amount of BIT and/or the new token you’ve staked that is currently being calculated for yield. Assuming that you’ve staked 100 BIT at 10:00AM UTC on Nov. 10, 2021, your effective staking amount will be updated to 100 BIT at 00:00AM UTC on Nov. 11, 2021.
7. How does "Study to Earn" work?
You must click on the "Study Now" button to check out the video and answer questions via a Google form to win β for free. The cash reward will be credited automatically to your Spot Account within seven (7) working days after the Launchpool event ends. (T&C Applies)
8. How does "Share to Earn" work?
You must click on the "Share Now" button to share the Launchpool event via social media, and submit a screenshot or the URL linked to your post via a Google form. The cash reward will be automatically credited to your Spot Account within seven (7) working days after the Launchpool event ends. (T&C Applies)
9. How does "Stake to Earn" work?
You must click on the 'Stake Now' button in Bybit Launchpool to join the staking. All participants have to complete KYC (L1 Verification) in order to join the Launchpool. Enterprises and users from restricted countries are not allowed to participate. (T&C Applies)