In this tutorial, we’ll explore how you can complete a series of tasks in Mu Digital for the Bybit x Monad ecosystem airdrop.

In this tutorial, we’ll explore how you can complete a series of tasks on Mu Digital for the 

in the upper-right corner of the page to connect your preferred wallet (such as the Bybit Wallet). 

: You can proceed to mint muBOND with MON or USDC.

: Obtain at least one egg from the Mu Digital Easter Egg Hunt event. 

Beginner

mu digital tutorial.png

How to complete Mu Digital tasks for the Bybit x Monad ecosystem airdrop

In this tutorial, we’ll explore how you can complete a series of tasks in Cycle Network for the Bybit x Monad ecosystem airdrop.

In this tutorial, we’ll explore how you can complete a series of tasks on Cycle Network for the 

You’ll be interacting with Goose, a gamified DeFAI platform designed to make crypto investing more accessible and engaging. Built on Cycle Network’s powerful infrastructure, Golden Goose offers a seamless user experience, while Cycle Network handles the complex cross-chain processes behind the scenes.

 button at the upper-right corner of the page. 

: You can log in with your TikTok account or your wallet (such as your Bybit Wallet). 

If you choose to continue with TikTok, simply authorize TikTok to complete your registration.

If you choose to register with your wallet, simply connect your preferred web3 wallet to proceed.

: After you’ve completed your required tasks, navigate to the 

button in the upper-right corner of the page to connect your Bybit Wallet. Please 

 that this should be the same wallet you’ve used for this event.

: Once your wallet is connected, click on 

cycle network tutorial.png

How to complete Cycle Network tasks for the Bybit x Monad ecosystem Airdrop

In this tutorial, we’ll explore how you can complete a series of tasks in ChainPro for the Bybit x Monad ecosystem airdrop.

In this tutorial, we’ll explore how you can complete a series of tasks on ChainPro for the 

Task: Complete quests on ChainPro with your Bybit Wallet

 button at the top right corner of the page. 

: Sign in with your Bybit Wallet. If you don’t have a referral code, you can skip this step, but you can always add it later for boosted points.

: Once you’ve signed in, you’ll need to fund your ChainPro trading wallet. If you already have funds in your Bybit Wallet, you can click on the 

tab to fund your account from that wallet. Otherwise, click on 

tab to view available tasks to earn points. Once you’ve completed the tasks, you’ll be able to claim points.

: Bybit Wallet users get an exclusive 2x multiplier on their points!

chainpro tutorial.png

How to complete ChainPro tasks for the Bybit x Monad ecosystem airdrop

Quantoz Payments launches MiCA-compliant stablecoins—USDQ, EURQ and EURD—offering regulated digital payments and DeFi solutions within the EEA.

 have received widespread recognition and use in the crypto world, thanks to their ability to provide stability and certainty in an otherwise volatile trading environment. Assets like 

 have become the go-to tools for fiat-to-crypto and crypto-to-fiat transactions. However, for about a decade, stablecoin cryptocurrencies operated without defined regulation and oversight in the European market — which, incidentally, has always been characterized by high levels of regulatory control.

The first crypto-focused regulatory steps in the European Union (EU) were taken in 2023 when the European Parliament adopted the Markets in Crypto-Assets (MiCA) regulation. MiCA aims to provide guidance on the adoption of blockchain-based assets in the EU, and also deals with the specific topic of stablecoins. The regulation came into effect in December 2024.

Under MiCA, stablecoins and similar assets are largely defined under two categories — electronic money tokens (EMTs) and asset-referenced tokens (ARTs). One of the first companies to leverage MiCA to offer regulated stablecoin assets in the European market is the Netherlands-based Quantoz Payments, a provider of regulated, fiat-backed EMT assets — USDQ, EURQ and EURD. Backed by the euro or the US dollar, these stablecoins can facilitate payments, merchant adoption and 

 (DeFi) use cases in a compliant fashion within the EU and the European Economic Area (EEA) countries, which are the jurisdictions covered by MiCA.

 is a Netherlands-based fintech company that issues and supports the use of fiat-backed stablecoins, known as EMTs, under the MiCA regulation. 

MiCA — which was adopted by the European Parliament in May 2023 and came into effect in December 2024 — defines the regulation of blockchain-based assets and technology in the European Economic Area (EEA). Quantoz Payments is a subsidiary of Quantoz N.V., a software development company based in Utrecht, the Netherlands. Established in 2015, Quantoz N.V. identified the potential for regulated stablecoins in the European market well before the introduction of MiCA, and launched Quantoz Payments in 2021.

Quantoz Payments received an Electronic Money Institution (EMI) license from 

 (DNB), the Dutch central bank, which allows the company to offer services in the area of digital assets payment and management. The company specializes in offering stablecoins backed by established fiat currencies — the euro and the US dollar. 

Quantoz Payments maintains fiat reserves for its stablecoins via an independently managed entity, Stichting Quantoz. The independent nature of Stichting Quantoz ensures that the fiat reserves of the company’s stablecoins are adequately protected, and satisfy the necessary regulatory requirements.

Stablecoins offered by Quantoz Payments fall under MiCA’s definition of EMTs. In the section below, we’ll cover the precise differences between the two stablecoin types defined by MiCA, and why the assets offered by the company are classified as EMTs.

Quantoz Payments is one of the first and major providers of regulated EMTs within the EEA, which includes the EU’s 27 member states plus Iceland, Liechtenstein and Norway.

The Quantoz Payments project is funded by a group of investors that includes the London-based VC firm Fabric Ventures LLP, one of the leading 

 (CEX) platforms; Kraken; and Tether, the company behind USDT, the world’s most widely used stablecoin. As of early 2025, Quantoz Payments offers two euro-backed EMTs (EURQ and EURD) and one US dollar–backed EMT (USDQ).

Stablecoins, electronic money tokens (EMTs) and asset-referenced tokens (ARTs)

Stablecoins — crypto assets pegged to a major, established digital or fiat asset — have been part of the crypto trading scene for more than a decade. Many stablecoins are pegged to the US dollar, either by maintaining sufficient reserves of the greenback or by using some algorithmic mechanism that should, at least in theory, ensure their tight peg to the USD. For instance, the world’s top two stablecoins by trading volume, USDT and USDC, are both pegged to the dollar by holding fully backed reserves of it. Other stablecoins might maintain a peg to the euro, British pound sterling or some other popular fiat currency. You may also find stablecoins pegged to popular precious metals, such as gold or silver.

However, when the MiCA regulation was adopted in 2023, the specific term "stablecoin" wasn't featured in it to refer to a regulated asset. Instead, MiCA defines two types of assets usually referred to as stablecoins: EMTs and ARTs.

Under MiCA, an electronic money token (EMT) is a crypto asset that’s pegged to a single fiat currency. In contrast, an asset-referenced token (ART) is an asset that maintains a peg to multiple currencies. As such, the term stablecoin has no legal meaning under the EU’s primary crypto regulation; it’s now all about EMTs and ARTs.

MiCA also specifies a third category of crypto assets besides EMTs and ARTs: "other crypto assets." This category is essentially a catch-all for cryptocurrencies that don't track the price of a single asset or multiple assets — i.e., any non-stablecoin crypto.

All three cryptocurrencies offered by Quantoz Payments — EURQ, USDQ and EURD — fall under the definition of EMT. Notably, the stablecoins offered by Quantoz Payments qualify for EMT status since the company is registered in the EU as an authorized EMI. This means that the coins are recognized within the EEA as compliant assets. The recognition creates opportunities for using USDQ, EURQ and EURD in payment solutions, DeFi applications and other use cases within the EEA. As such, these assets can be used by traditional finance and retail entities in the region for their crypto-based operations.

In contrast, stablecoin assets provided by issuers who haven’t obtained an EU-based EMI license don’t typically enjoy the same status. In other words, while these assets might technically fall under the definition of an EMT or ART, they aren’t recognized in the EEA as fully compliant. This is the case, for example, with Tether’s USDT. Technically speaking, USDT satisfies the characteristics of an EMT. However, since Tether hasn’t obtained an EMI license anywhere in the EEA area, its USDT stablecoin isn’t recognized as an EMT under MiCA.

USDQ is a Quantoz-issued EMT backed by US dollar reserves. It maintains a tight 1:1 peg to the dollar. Quantoz holds 102% US dollar reserves for USDQ in order to comply with regulatory requirements and ensure rate stability. An 

 (ETH) in November 2024, just a month before the MiCA regulation fully became effective throughout the EEA.

USDQ has numerous use cases, including the following:

USDQ is listed on a limited number of exchanges. It’s 

, via the USDQ/USDT and BTC/USDQ swap pairs, for Bybit users in the Netherlands. For these users, USDQ is a great alternative to USDT since it allows them to conduct stablecoin-based crypto operations that are fully compliant with European laws.

EURQ is a euro-backed EMT offered by Quantoz Payments. It was launched on the Ethereum 

 alongside USDQ. The token’s use cases and operational mechanism are nearly identical to those of USDQ. The only exception is that EURQ is pegged to and backed by the euro fiat currency, instead of the US dollar.

EURD is another euro-backed EMT issued by Quantoz Payments. It was actually the first stablecoin asset launched by the company, back in October 2023. While EURQ and USDQ are Ethereum-based tokens, EURD is issued on the 

To obtain EURD, users need to send a fiat deposit to the Quantoz Foundation’s bank account. The foundation then notifies Quantoz Payments, and the company issues the requisite amount of EURD and sends it to the user's 

. Companies can create these wallets via the 

, available on the Google Play Store and Apple Store.

The EU's MiCA compliance and regulatory oversight rules have drastically changed European digital asset markets, including the niche of stablecoins. Sensing the opportunity, Quantoz Payments quickly identified the potential of compliant EMTs in Europe. In the space of slightly more than a year, between late 2023 and late 2024, the company launched all three of its EMT assets — USDQ, EURQ and EURD. Organizations in the region can now use these tokens to conduct their crypto-based transactions in a compliant way while also ensuring the financial stability of their funds and transfers.

Intermediate

usdq.png

Quantoz Payments: Introducing MiCA-compliant stablecoins USDQ, EURQ and EURD

Bybit Learn

Crypto

Explainers

EigenLayer is an Ethereum restaking protocol. Its restaking process lets people earn additional rewards and continue to use their staked assets. Learn more.

2401-T16454_Skinny_Banner_for_Blog_and_Learn_Row_53_728x90.png

Skinny_Banner-1600x400.webp

 tokens requires users to lock away their tokens for long periods of time. EigenLayer hopes to revolutionize the staking industry with a more convenient form of staking, a 

 that lets people earn yield from staked ETH while still being able to use their funds. How does this unique staking protocol work? Check out this guide to learn all the details about EigenLayer and its native restaking tokens. 

 is an Ethereum restaking protocol. Compared to traditional ETH staking, EigenLayer's restaking process lets people earn additional rewards and continue to use their staked assets, while developers can also use EigenLayer's staking to secure their own projects.

, an information sciences professor at the University of Washington. During his time researching information sciences and 

 applications, Kannan became interested in exploring novel liquid staking platforms and methods of handling network security. In 2021, he founded EigenLayer alongside several other coworkers from the University of Washington's Blockchain Lab. 

 from Blockchain Capital and Andreessen Horowitz for their mission.

The EigenLayer protocol aims to provide more utility for all types of users in the Ethereum network. For people who hold ETH tokens, EigenLayer aims to improve the capital efficiency of their staked assets. Through its liquid restaking protocols, users can stake tokens without having their assets locked behind layers of 

. EigenLayer hopes its liquid restaking token will incentivize more people to stake tokens.

Unlike some other liquid staking platforms, EigenLayer also aims to use its liquid restaking protocol as a way to enhance security. With more stakers available, developers have more opportunities to secure their networks. They can build anything they like and be confident that EigenLayer's stakers are providing robust network security. In the long run, EigenLayer hopes this will create a free and open marketplace where developers can buy pooled security and promote their projects to interested users.

EigenLayer functions as a support layer between the Ethereum network and its users. It consists of a set of node validators, just like Ethereum has, who agree to temporarily stake tokens as collateral and then verify transactions. Users who don’t wish to run a full node can still contribute to restaking pools that will be used to operate nodes on the EigenLayer network. In exchange for their staked tokens, they get liquid restaking tokens that they can then use for other services while they wait for their staked tokens to be unlocked.

EigenLayer also has a system of actively validated services that connect to its 

 (LRT) protocols. These include all of the sidechains, oracles, bridges and other virtual machines running on EigenLayer. The actively validated services can connect to EigenLayer's node operators to obtain security for their own projects. This allows them to build fully 

-compatible objects that benefit from EigenLayer's additional security.

EigenLayer's LRT protocols offer various methods for interacting with the Ethereum ecosystem. 

 is the process of taking Ether (or other tokens) and redirecting them to secure nodes on a separate network. The EIgenLayer protocol provides many rewards for those who decide to participate in this form of staking. Native restakers must operate an Ethereum validator node and pay 

 to participate in native restaking. However, they earn additional rewards because they play such an essential role in maintaining network security. 

 gets its name from its ability to provide stakers with liquid assets. Instead of having all your assets locked away behind EigenLayer's smart contracts, you receive liquid restaking tokens that can still be traded. This liquid restaking ensures that you can still use your staked tokens if you need them. 

EigenLayer's liquid restaking service is fairly straightforward. Users connect their wallets, get their account approved and then choose the token they wish to stake. Stakers can delegate their tokens to specific liquid staking providers if they prefer to support a specific project within the EigenLayer ecosystem.

 is a data availability store built on EigenLayer. It uses rollups and bridges to create a scalable method of storing data. Any project, no matter the size, can use the EigenDA data availability layers to bundle its data into compact, easily storable segments called “blobs.” EigenDA operators use the EigenLayer staking system to store blobs and handle storage requests. Users can then submit data to the data availability layers, store it there for as long as necessary and request the data whenever they need to use it.

. EIGEN is a utility token that will be used to pay fees, handle transactions and manage staking. Users who wish to claim EIGEN will need to earn points by using the EigenLayer ecosystem for things like staking or development. They can then exchange these points for a set amount of EIGEN. All EIGEN will be non-transferable until an undisclosed time in the fall of 2024.

Last year, EigenLayer began finalizing its plans for its mainnet. After successfully running a testnet, EigenLayer is now focusing on opening its full network to the general public. The team is in the process of conducting a 

 that releases node operator sign-ups, user staking and 

 (AVS) launches on a progressive schedule.

In the latter half of 2024, EigenLayer will move to launching its economics system, which will create different payments for different features, thus ensuring the EigenLayer system collects enough funds to keep the ecosystem running. Once the entire system is self-sufficient, EigenLayer will then focus on ecosystem development and encourage more users to try out the mainnet and staking system.

 is an essential part of managing the EigenLayer network. It’s a multi-use token that people can use to pay for security features, collect staking rewards and more. There will be a total supply of 1.6 billion EIGEN tokens, locked during the first year and then gradually released over the following two years at a monthly rate of 4%. 

Though EIGEN tokens aren't for sale yet, 

 allows you to start investing in this exciting token already. To get started, you’ll first need to create a Bybit account, then fund it with cryptocurrency and navigate to the Bybit 

EIGEN’s debut has been one of the most hotly anticipated token launches in the Ethereum community. There’s been enormous demand for liquid restaking providers, and EigenLayer's open-market system and additional rewards greatly appeal to crypto enthusiasts. EigenLayer’s Restaking Collective also has many highly reputable crypto experts on its team, and has managed to attract millions of dollars worth of funding. Overall, EIGEN is certainly likely to have a higher price than that of the average crypto startup. 

However, keep in mind that it's impossible to predict how well a crypto will perform based on its project history and technological features. Any new crypto token will feature inherent volatility, and unexpected issues (such as bad news or a poorly managed airdrop) can cause prices to drop suddenly. If you want to invest in EIGEN, make sure to use 

 and exercise caution before you purchase Eigen or any other crypto coin.

Thanks to EigenLayer's smart contracts, the restaking process has become much easier for members of the Ethereum ecosystem. Being able to get a liquid restaking token in exchange for staked ETH improves users' capital efficiency. At the same time, EigenLayer's liquid restaking protocols also enhance security and make it easier for new developers to secure their personal networks. Ultimately, all of these valuable services make the EigenLayer token an exciting crypto to watch.

EigenLayer (EIGEN): Introducing Liquid Restaking for Boosted Yields

Grab Up to 5,000 USDT in Rewards

Grab Up to 5,000 USDT in Rewards