AI Summary
Show More
Quickly grasp the article's content and gauge market sentiment in just 30 seconds!
Bybit Lending is a cryptocurrency lending service that allows lenders to earn lucrative yields on idle cryptocurrencies. The accumulated cryptocurrencies in the asset pool will be lent to borrowers based on hourly interest. Bybit uses state-of-art technology to match lenders' and borrowers' liquidity needs while ensuring the safety of users’ funds with a comprehensive risk management system.
Bybit loan borrowers can borrow additional crypto assets when they provide a requested amount of collateral based on the loan terms. In the meantime, they’ll have to pay interest for the loan. The interest will be shared by the lenders from Bybit Lending in the form of an attractive APR to reward them for depositing their funds in the asset pool. This unique system ensures that everyone participating in the platform is rewarded fairly, creating a win-win situation for both borrowers and lenders.
Bybit Lending’s APR is calculated with the following formula: