In this article, we'll go through how you can use bbSOL on RateX.

RateX has emerged as a groundbreaking platform on the 

 blockchain, tailored for investors looking to leverage yield trading of synthetic yield tokens (YT). This guide will walk you through the process of using 

 (bbSOL) on RateX to maximize your investment strategies through innovative trading mechanisms and yield-optimization tools.

 distinguishes itself as the world's first leveraged yield exchange built on Solana, offering a unique suite of services focused on leveraged yield trading. This 

 (DEX) allows users to trade synthetic yield tokens (YT) that represent the yield component of various yield-bearing assets (YBAs). This innovative approach provides users with the ability to speculate, hedge or enhance their exposure to yields in a highly capital-efficient manner.

Some of the key features of RateX include:

How to Use bbSOL on RateX’s Yield Trading

button of the position to be closed from the Position Panel.

2. Select the position percentage to be closed.

 button of the position from the Position Panel.

How to Use bbSOL on RateX’s Liquidity Provision

RateX’s LP mechanism allows users to deposit yield-bearing assets (i.e., assets that can generate returns), and generates Yield Token (YT) and Standard Token (ST) for trading using a Uniswap V3 like AMM. RateX LPs earn yield from three main sources:

How to Use bbSOL to earn Fixed Yield on RateX

Earning fixed yield helps holders of yield-bearing assets lock in future returns. When a user enters the earn fixed yield function and chooses to deposit their yield-bearing asset, they effectively convert a floating yield asset into a fixed yield asset.

RateX offers a sophisticated platform for traders and investors aiming to capitalize on yield movements and leverage opportunities in the 

 (DeFi) space. By using bbSOL on RateX, you can enhance your investment strategies, secure stable yields and participate in innovative liquidity mining programs.

Beginner

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How to Use bbSOL on RateX

In this article, we'll go through how you can use bbSOL on marginfi.

 (bbSOL) and looking to enhance their investment strategies, marginfi provides a robust decentralized platform on the 

 blockchain. This guide will explore how to effectively leverage bbSOL on marginfi to access innovative borrowing and lending options, embedded risk systems and comprehensive market access, all while maintaining control over your investments.

, a fully decentralized borrowing and lending protocol built on Solana, is designed to cater to a wide range of financial activities. It offers native yield opportunities, an advanced end-to-end risk engine, and dynamic risk management systems that integrate off-chain data for more informed decision-making. 

, access global borrowing and lending, or engage in sophisticated financial products, marginfi facilitates these objectives with an emphasis on security and efficiency.

The platform's standout features include:

On the Action Box, make sure you’re on the

option and proceed to select the asset you want to supply from mrgnlend’s list of supported tokens:

 to deposit your tokens into an asset pool:

in the Action Box and review the available liquidity pools of supported tokens. Then choose bbSOL.

For more information about Borrowing and Lending on marginfi, read 

Using bbSOL on marginfi opens up a plethora of opportunities for 

 (DeFi) enthusiasts looking to expand their trading strategies, optimize their asset utilization and engage with advanced financial tools on the Solana blockchain. With its strong focus on risk management and market accessibility, marginfi is an ideal platform for those seeking to maximize the potential of their bbSOL investments. 

Whether you’re a seasoned trader or a newcomer to DeFi, marginfi provides the tools and environment necessary for secure and successful financial operations.

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How to Use bbSOL on marginfi

Explore how mETH Protocol’s COOK token enhances governance, empowering users to shape Mantle’s leading Ethereum Layer 2 liquid staking platform.

Mantle Network (MNT) is one of the most innovative 

 (ETH) blockchain. In late 2023, the Mantle project debuted its mETH 

 protocol, which quickly became one of the most popular platforms for ETH staking and restaking. For nearly a year since its launch, the mETH protocol operated without a 

 of its own. The protocol's governance was largely influenced by the Mantle project and holders of its MNT token. However, the plans for mETH to have its own dedicated governance token were discussed as early as around the protocol's launch date.

Fast-forward to late October 2024, and the mETH protocol welcomed its governance asset — the COOK token. As of early November 2024, COOK is already available for eligible users to claim via several channels, including Bybit.

Launched in December 2023, mETH — previously known as Mantle LSP — is the largest 

 (DeFi) protocol on the Mantle L2 chain dedicated to Ethereum liquid staking and restaking. Users who lock their Ether (ETH) funds on the platform are issued Mantle Staked Ether (mETH) tokens, the primary liquid staking token (LST) of the protocol. mETH works as your deposit receipt, and accumulates the rewards accrued from ETH staking. The value of each mETH token is made up of the original principal amount plus the rewards earned.

 services. Users can use the cmETH liquid restaking token (LRT), which is exchangeable with mETH at a ratio of 1:1, to earn additional yields across a number of DeFi protocols within the wider Ethereum ecosystem, all while simultaneously earning their base liquid staking rewards through mETH.

Another cryptocurrency on mETH is the recently launched COOK — mETH Protocol's governance token.

 (EVM)–compatible scaling solution. Like many other popular L2 networks, the key aim of the Mantle project is to provide a more scalable and affordable alternative to direct transacting on Ethereum’s 

. Mantle was launched in July 2023. The mETH protocol, which was introduced five months later, is the key project among Mantle's ecosystem initiatives. It's now by far the most dominant DeFi protocol on Mantle, and is one of the leading restaking protocols in the industry, with a 

 (TVL) of nearly $1.25 billion (as of Nov 6, 2024).

Mantle offers developers a flexible environment in which to launch solutions featuring high security, great scalability and low costs. It achieves these benefits thanks to a modular approach, with each layer — execution, consensus and data availability — controlled by different components and network actors.

Right around the launch time of the mETH protocol, the Mantle community discussed the potential of introducing a future governance token. On Oct 29, 2024, the COOK token was launched as mETH's governance cryptocurrency. Holders of COOK are eligible to vote on the strategic direction and changes to the protocol.

 crypto with a maximum and total supply of 5 billion. It's been deployed as an 

 asset on Ethereum’s Layer 1. Users who would like to move COOK to other blockchain platforms, including Mantle, can do so using a bridging solution provided by the LayerZero cross-chain interoperability protocol.

Of COOK's total supply of five billion, 15% is reserved for allocation via four ecosystem initiatives as follows:

COOK is available on Bybit's Spot market as a swap pair with USDT (

). You can also take advantage of Bybit's campaign dedicated to the token, running from Oct 29, 2024, 8AM UTC to Nov 12, 2024, 8:59AM UTC

The introduction of Mantle’s COOK token as mETH Protocol's governance asset is likely to boost community participation in the protocol. mETH is already a leading liquid staking solution within the wider Ethereum ecosystem, and the new COOK token may further boost the protocol's standing. For liquid staking enthusiasts, COOK represents a great way to acquire a say in mETH's development and overall direction.

Intermediate

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mETH Protocol (COOK): Transforming Governance in Liquid Staking on Mantle Network

Consumer crypto is an industry that involves incorporating blockchain technology into consumer goods. Learn more about it in this article.

 was first introduced, it was primarily a financial and technical concept. People initially believed that blockchains would be used for things like online payments and financial investments. While crypto certainly has financial and technological applications, there has also been a huge amount of growth in other sectors. Research shows that one of the leading uses for crypto is actually consumer goods. If you're interested in keeping up-to-date with crypto trends, explore this guide to learn about the rise of consumer crypto.

Consumer crypto is an industry that involves incorporating blockchain technology into consumer goods. Examples of consumer crypto can range from NFT-branded collections for sneakers to coffee rewards programs that use blockchain tokens.

Consumer crypto started back in 2014, when the crypto market first exploded, and began to really take off when the 

 (NFTs) in 2017. While most people were focused on trading on crypto exchanges, businesses began taking note of NFTs’ potential. Early examples of consumer crypto include Overstock's Bitcoin integration in 2014, and the first-ever fashion NFT in 2019.

 technology became the next big thing of 2021, there’s been an explosion in consumer crypto. While it was previously a notable incident whenever a company released their crypto or blockchain features, now it's more unusual to have a big brand that doesn't have some sort of crypto tie-in. Countless leading brands — including Coca-Cola, adidas and McDonald's — have some sort of consumer crypto feature. 

There are many factors contributing to this increase in consumer crypto:

What do all of these changes mean for the typical consumer? The rise of consumer crypto has allowed blockchain technology to be integrated into almost every aspect of daily life. People who were completely unaware of the cryptocurrency market 10 years ago now think nothing of playing a web3 game or using an app that stores their information as on-chain data. In addition to creating more profit-making opportunities for businesses, the seamless integration of consumer crypto has helped to increase crypto adoption. 

To get a better understanding of how consumer crypto has worked its way into everyday life, it's useful to take a look at some examples. The following examples demonstrate some ways that major brands have added blockchain technology to their products and services.

The Starbucks rewards program is a popular app that rewards people with points for purchasing beverages at Starbucks. Recently, the brand decided to 

 for its members. People can turn in their rewards points for NFTs or digital assets, and the convenient app lets them hold digital assets without needing a crypto wallet.

Of course, NFTs are one of the easiest ways to produce a consumer crypto. Countless food, fashion, technology and fitness companies have released their own lines of NFTs. Coca-Cola is a great example of how an NFT can become a great ad campaign: the company released a line of 

 on International Friendship Day 2021 that celebrated togetherness and friendship. The auction winner also received a Smeg refrigerator full of Cokes.

Another great example of a branded NFT launch is the Budweiser NFT collection. The novel thing about this collection was that Budweiser went out of its way to make purchasing and holding an NFT easy. Instead of needing a crypto wallet, users could go to a URL on the Budweiser site and buy an NFT with either cryptocurrency or a credit card. Currently, this collection has a 

Luxury fashion brand LK Bennett™ has launched a fun new program that offers cashback in the form of crypto. Customers who use the company's QR payment system receive 

 on every purchase. This program is part of a collaboration with Mode, an open-banking payments platform.

Sportswear/footwear giant adidas has chosen to combine cryptocurrency with physical products so its brand can appeal to both crypto fans and streetwear collectors. The company has offered an 

 package that released an exclusive hoodie alongside a blockchain address. This allowed consumers to obtain both a rare adidas item and a rare digital collectible.

Is consumer crypto likely to stick around? Industry experts predict huge growth in blockchain-based marketing and services. The blockchain business market is currently worth $6.63 billion, and is 

 by 2030. As cryptocurrency adoption increases, there will be more ways for the cryptocurrency industry to incorporate itself into other parts of daily life. The consumer crypto field is especially likely to see growth in these fields.

One of the main trends to watch for is an increase in companies that accept Bitcoin and other digital assets. As cryptocurrency becomes a valid form of investment, there’s less concern about it retaining its worth. More and more businesses are starting to allow crypto as a payment option, and there's a real demand for more crypto integration in online payments. 

While consumer crypto does include fields like marketing and customer retention, the area with the biggest growth is the entertainment industry. Web3 gaming alone is predicted to 

 worth of revenue by 2030. Now that consumers have begun to realize how entertaining blockchain gaming and social media are, there's a lot of interest in designing new crypto entertainment products.

Increasing numbers of businesses are discovering that the only thing stopping users from exploring crypto is technological insecurity. Many people see crypto wallets and other blockchain technology as confusing, which has kept them away from it. Businesses are beginning to solve this issue by focusing more on accessibility and ease of use. Modern consumer crypto is likely to lean away from high-tech mechanisms such as private crypto keys for crypto owners. Instead, more crypto companies are leaning toward account-driven technology, which users are familiar with from Web 2.0 design.

Consumer crypto provides an exciting new way to explore applications of crypto ownership. By turning crypto tokens into game items, consumer reward points and other features, brands can easily incorporate blockchain technology into their business. Ultimately, the rise of consumer crypto is a highly promising sign for the blockchain industry — and in addition to increasing crypto adoption, the added utility for coins may help to stem some issues with price volatility.

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A Look at Consumer Crypto Over the Years

Bybit Learn

Live ICYMI

In our latest Learn 101 livestream session, we gathered an esteemed panel of crypto experts to share insights on how to master technical analysis.

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 plays a critical role in making timely and well-informed crypto investment decisions. Identifying indicators that align with your trading style and goals is important. In addition, these indicators must be used in conjunction with independent market research, as well as a deep understanding of macroeconomics.

, we uncover Mastering Technical Analysis.

, provides a recap of our Learn 101 livestreams, offering you comprehensive expertise and insights from leading figures in the crypto industry in case you miss the livestream.

Joining the livestream on Aug 20, 2024, were two distinguished guests: Markus Thielen, Founder of 10x Research, and Toh Shun Gui, Japan BD Manager at Bybit. Under the moderation of Sabrina Chua, Crypto Evangelist and SEO Editor at Bybit, this episode explores Mastering Technical Analysis.

Introducing the Market Sentiments — A Comprehensive Overview

Global economic events shape market sentiment and drive prices. When you know how to analyze market sentiment and volatility, you can position yourself to profit from your analysis of them. Markus Thielen illustrated this by discussing how Bitcoin’s price moved during the most recent Federal Reserve announcement. Initially, Bitcoin rallied around the announcement before seeing a sell-off. Currently, there’s once again movement in anticipation of an upcoming Fed announcement. According to Thielen, technical analysis is about looking at market structure and positioning for macroeconomic events.

Toh Shun Gui, on the other hand, said he believes that, for newcomers, it’s best not to trade when the market is choppy. He deferred to Thielen to show newcomers how to position themselves using technical analysis. Thielen stated that technical analysis allows traders to take advantage of opportunities in a time of risk or volatility by encouraging them to make unemotional decisions in times when fear is high. He uses a 21-week moving average to determine whether or not he should be active in the market at a given time.

Thielen stated that if you don’t make the right call, don’t take it personally. You don’t have to be accurate 100% of the time to make money. Instead, you need to be accurate closer to 55% or more of the time. For 

, try using a smaller amount of your portfolio. Thielen believes that there will be more value investors in the crypto market who buy the dip.

There are signals to focus on when timing market sentiment. Thielen draws attention to the 

. Using technical analysis, he discerns opportunities that begin 250 days before halving and extend 250 days after it. He also points out that the weekly relative strength index (

) eliminates noise present in the daily index, which enables you to see trends. Combining the 21-week moving average with these factors gives you a clearer picture.

Cracking the Code to Find the Best TA Combination

Thielen discussed reverse indicators when trying to crack the code. For example, when you look at the RSI both currently and in relation to the 5- or 7-day moving average, you can see momentum. In addition, you can push the moving average out on a longer time frame.

According to Toh, indicator overload can trigger poor decisions. He recommends finding a few indicators to monitor, based on your personality. Thielen reinforced this approach, remarking that confusion doesn’t enable you to make smart decisions. Find what works for you. If you like to 

, look at momentum indicators. If you’re focused on long-term growth, look at moving average indicators.

Toh pointed out that losing money is actually a valuable experience. It teaches you fundamentals, such as the speed of the market. Thielen suggested that, when finding a strategy that suits you, don’t follow a social media trader. Make decisions and learn from your experiences using indicators that match your interests. Through your own experiences, you can learn about your emotions and understand what kind of trading strategy you need to use. 

According to Thielen, you look at the 21-week moving average in real time. This needs to be taken into consideration with macroeconomic data and world events. An investor must look at the risk and reward for the current conditions. To minimize risk, he recommends using a 

 to protect against losses due to major, sudden events. You can also mitigate loss by limiting how heavily you invest, based on your portfolio value. Having a strategy decreases both stress and the risk of loss related to emotionally motivated decision-making.

According to Thielen, conflicting signals often cancel each other out. However, he added that investors must also look at the big picture in relation to trends and events. Moreover, he recommends reading insights from other experienced investors to learn how they read the signals in given situations.

Technical analysis plays a key role in identifying investment opportunities and aligning your decisions and strategies. Understanding what the indicators are and how they can help you identify opportunities is essential. Regular focus on education and making risk-managed decisions to gain real-life experience will help you apply technical analysis successfully.

This session of the Learn 101 livestream effectively highlighted Mastering Technical Analysis.

As part of the livestream, Bybit is holding an 

 that offers you the chance to participate in our pop quiz and win P2P coupons. The event period is through Aug 27, 2024, 11:59PM UTC.

Stay tuned for more discussions on the dynamic world of cryptocurrencies!

Learn Live ICYMI: Mastering Technical Analysis

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