Bybit Launches Web3 Pledge Pool with ETH Pledge Option Before Ethereum Shanghai Upgrade
It is reported that the Cryptocurrency Exchange Bybit announced the launch of a Web3 pledge pool that supports the ETH pledge option before the upgrade of Ethereum Shanghai. It is
It is reported that the Cryptocurrency Exchange Bybit announced the launch of a Web3 pledge pool that supports the ETH pledge option before the upgrade of Ethereum Shanghai. It is understood that its service does not require users to hold ETH, but can access the product using BTC, USDT, and USDC balances. （newsghana）
Bybit Launches Web3 Pledge Pool with ETH Pledge Option before Ethereum Shanghai Upgrade
With the increasing popularity of cryptocurrencies, the demand for secure and reliable crypto exchanges has significantly increased. Bybit, a leading cryptocurrency exchange, has announced the launch of a Web3 pledge pool that supports the ETH pledge option before the upgrade of Ethereum Shanghai. This move has been welcomed by the crypto community, as it offers a more flexible and accessible option for investors interested in staking their assets.
What is Bybit?
Before diving into the details of the Web3 pledge pool, let us first understand what Bybit is. Bybit is a cryptocurrency exchange that offers trading services for popular digital assets like BTC, ETH, XRP, and more. It was founded in 2018 and has quickly risen to become one of the most trusted trading platforms in the market.
What is a Pledge Pool?
A pledge pool is a mechanism that allows crypto investors to earn rewards by staking their digital assets. In simple terms, it is a way for investors to contribute to the security and stability of a blockchain network, and, in return, earn profits in the form of staking rewards.
Bybit’s Web3 Pledge Pool
Bybit’s Web3 pledge pool is a welcome addition to the crypto market, as it offers a more accessible option for investors interested in staking their assets. With this service, users do not need to hold ETH to access the product; instead, they can stake their BTC, USDT, or USDC balances. This is a significant advantage for investors who do not want to convert their assets into ETH or hold different types of assets.
Advantages of Bybit’s Web3 Pledge Pool
There are several advantages of using Bybit’s Web3 pledge pool. Firstly, it offers a more flexible and accessible option for investors interested in staking their assets. Secondly, it provides an easy way for investors to earn rewards without having to hold different types of assets. Finally, it is a secure and reliable option, backed by Bybit’s reputation as a leading cryptocurrency exchange.
Conclusion
The launch of Bybit’s Web3 pledge pool with the ETH pledge option before the Ethereum Shanghai upgrade is a significant development for the crypto market. It offers a more accessible and flexible option for investors interested in staking their assets and provides a secure and reliable platform for doing so.
FAQs
Q: What is a cryptocurrency exchange?
A: A cryptocurrency exchange is a platform that allows users to buy, sell, and trade digital assets.
Q: What is staking?
A: Staking is the process of holding digital assets in a wallet to support the security and stability of a blockchain network and earn rewards in return.
Q: What is Ethereum Shanghai?
A: Ethereum Shanghai is an upcoming upgrade to the Ethereum network that aims to improve its efficiency and reduce its carbon footprint.
This article and pictures are from the Internet and do not represent Fpips's position. If you infringe, please contact us to delete:https://www.fpips.com/20134/
It is strongly recommended that you study, review, analyze and verify the content independently, use the relevant data and content carefully, and bear all risks arising therefrom.
Recommended articles
-
The Mysterious Connection between Platypus, Axis Infinity, LianGo Protocol, and Circle USDC.
7:00-12:00 Keyword: Platypus, Axis Infinity, LianGo Protocol, Circle USDC
Summary of important developments at noon on February 19
Interpretation …
-
Yearn Finance was hacked for approximately $11.6 million
According to reports, according to PeckShield monitoring, today\’s loss, Yearn Finance yUSDT, was hacked for approximately $11.6 million. As mentioned earlier, hackers used an error
-
Millions of Ethereum Wallets Hold Less than 0.0005ETH: Why This Matters
According to reports, on-chain data shows that approximately 40 million Ethereum wallets hold less than 0.0005ETH. Due to the gas fee of 20gwei requiring approximately 0.0005ETH, i
-
TeraWulf Launches First Nuclear-Powered Bitcoin Mining Facility in the United States
It is reported that the Nautilus Cryptomine facility of TeraWulf, a Bitcoin mining enterprise (the first nuclear-powered Bitcoin mining facility in the United …
-
Understanding LVMH’s Plan to Use NFTs for Real Estate Sales
On April 23rd, French luxury goods giant LVMH (Louis Vuitton) held its 2023 shareholders\’ meeting in the Carrousel du Louvre in Paris. Group Chairman/CEO Bernard Arnault stated at
-
OKX NFT Market Supports One-Click Order Placement to Blur
On April 25th, it was reported that the OKX NFT market has supported one click order placement to Blur, becoming an NFT aggregation trading platform that supports both placing orde
-
SingularityNET’s Cardano Pledge Portal to Launch Beta Next Month
On February 24, SingularityNET announced on Twitter that the Cardano pledge portal of the project will launch a beta version next month. The team plans to laun…
-
Institutional Investor’s Smart Crypto Trading Strategy
On March 3, Lookonchain tweeted that an institution accumulated 7669 ETHs ($12 million), 83815 AAVEs ($6.37 million), 919998 UNIs ($5.74 million) and 86976 COM…
-
Orbs Secures $10 Million Investment to Develop Cryptocurrency Infrastructure
It is reported that Orbs, a cryptocurrency infrastructure developer, will raise US $10 million from DWF Labs. Orbs plans to continue to develop its infrastructure to increase adoption, including on the Ethereum Virtual Machine (EVM) chain and Open Network (TON). Orbs recently started to build the first non-EVM Layer 1 on TON. Orbs, a developer of encryption infrastructure, will raise $10 million Analysis based on this information:Orbs, a cryptocurrency infrastructure developer, has secured a US $10 million investment from DWF Labs. The company aims to further improve its infrastructure and increase adoption rates, particularly on the Ethereum Virtual Machine (EVM) chain and Open Network (TON). The recent development of the first non-EVM Layer 1 on TON highlights the company’s commitment to providing more options for users and developers alike. This investment represents a significant milestone for Orbs as it paves the way for the development of more advanced infrastructure for cryptocurrencies. With the rise of digital currencies, there is a…
-
Table of Contents
According to reports, the NFT lending agreement ParaSpace will charge a fee starting from May 1, 2023, including a 3% fee for APE pledge. This fee will be charged when Claim reward
-
Wemade’s Blockchain Game Platform Token Approved for Korean Cryptographic Exchange
On February 17, it was announced that the blockchain game platform owned by the Korean game giant Wemade announced that the WEMIX 3.0 native token had been app…
-
The Growing Circulation of TRC20-USDT: What You Need to Know
According to official news, the circulation of TRC20-USDT exceeded 43.1 billion, setting a record high. The number of accounts held by TRC20-USDT has exceeded 21.58 million.
The ci -
FTX Creditor Committee Issues Warning to Users
On March 31, the FTX creditor committee said, \”If you believe that your account balance on the FTX exchange is positive and net, but you have not yet received a unique customer cod
-
Why does Japan have restrictions on buying and selling Bitcoin
Why does Japan buy and sell Bitcoin? According to the latest data from Coinmarketcap, between December 1, 2017 and April 20, 2018, the number of BTC/JPY on the Japanese exchange was 90000. Since 2014, with more and more institutional investors entering the Cryptocurrency market, the price of Bitcoin has been rising. Between July and August 2020, the total transaction volume of the global crypto market exceeded $6 billion. Since early November 2019, Bitcoin has skyrocketed from over $4000 to over $8000. Why does Japan buy and sell Bitcoin There are two reasons: one is the economic recession caused by the COVID-19 epidemic, the other is the inflation caused by the increased demand for the central bank digital currency (CBDC); Thirdly, the Japanese government believes that there are currently no plans to issue any digital assets Are there any restrictions on purchasing Bitcoin in Japan? Bitcoin is considered a payment method and asset in Japan. According to the Law on Virtual…
-
EU Urges Rapid Implementation of Capital Rules for Banks Holding Encrypted Assets
It is reported that the EU administrative department said that if Europe wants to avoid missing the globally agreed deadline, it must rapidly implement the cap…
-
#Cryptocurrency Trading Platforms: A Closer Look at Voyager’s Transfers and Withdrawals
According to reports, according to Twitter Cryptographic KOL Remains Monitoring, over the past ten days (March 12 to March 22), Voyager has transferred cryptocurrencies worth appro