- Summary:
- Bybit Web3 works across EVM and Mantle and provides and array of opportunities for yield farmers who want to increase their Bitcoin earnings.
Bybit Web3, the Web 3 ecosystem by Bybit exchange, has announced the launch of Babylon Season, a revolutionary project that reimagines Web3 accessibility, diversity, and interoperability, The Bybit Web3’s universe has brought opportunities for users to leverage novel staking and exchanging mechanisms across EVM and Mantle chains, enabling them to increase their earnings significantly.
Starting immediately, and continuing until September 20, 2024, six leading projects—PumpBTC, Solv, B³ Network, pStake, Bedrock, and Babypie—will be participating in Babylon Season, offering generous incentives as described below:
- PumpBTC: Here, users can enjoy a 2x acceleration on points by staking as little as 0.0001 BTC. Also, they can earn 5,000,00 points by completing social tasks. One does not have to stake for this.
- Solv Protocol: This project enable users to get a 20% increase on their Solv XP.
- B² Network: The platform gives users the chance to win 8,000 USDT worth of tokens equivalent by completing one of two tasks, without having to deposit a minimum amount.
- pSTAKE Advisors: It enables users to ear 3-times their pSats holdings, and they can also earn 100,000 $PSTAKE tokens.
- Bedrock: Bedrock gives users opportunities to earn 200,000 Bedrock Diamonds.
- Babypie: Here, you can receive 50,000 MGP tokens and an extra 50% increase in bonus points.
Bybit Web3’s expansion in the Web3 ecosystem aims to give users a menu of options and accessibility to on-chain protocols. The partnership aims to provide the resources and incentives digital assets need to reach their full potential.
Thanks to an extensive network of partner projects, and interoperability across both the EVM and Mantle chains, and plenty of exclusive benefits, Bybit Web3 provides and array of opportunities for yield farmers who want to increase their Bitcoin earnings.
From a DeFi point of view, the first native yields on Bitcoin (BTC) are coming from Bitcoin Staking, and this is a significant value proposition, as it which could unleash $1.2 trillion+ in idle capital for the entire ecosystem. With this, Babylon Season presents a pivotal moment in introducing BTCfi to the general public. With features like Babylon Points and pSTAKE Points, it guarantees Bybit’s 40 million customers an excellent Bitcoin staking experience on Babylon.