Follow our detailed guide to find out how you can participate in the Bybit Wednesday Airdrop and earn free tokens!

Cryptocurrencies offer a range of ways to engage and gain rewards, with 

 being one of the most popular. Bybit introduces an exciting opportunity every week with the 

, designed to enrich the trading experience for its users. This guide provides a straightforward walk-through on how to participate in this event, ensuring that everyone — from novices to experienced traders — can easily join and benefit.

 is an exciting chance to gain free cryptocurrency tokens and enhance your trading skills. Held every Wednesday from 10AM UTC through the following Tuesday at 11:59PM UTC, this event offers Bybit users guaranteed opportunities to win valuable crypto rewards. 

Participants complete various tasks to earn Lucky Draw chances, leading to a thrilling selection process in which everyone has a shot at winning. From beginners to VIP users, the airdrop tailors its rewards to fit all levels of trading volumes and commitment.

How to Participate in Bybit Wednesday Airdrop

Interested to get started with Bybit Wednesday Airdrop? Follow our detailed guide below to learn how you can join and earn rewards!

: Log in to your Bybit account through the pop-up window. If you don’t already have a Bybit account, you may 

: Complete the tasks required to receive Lucky Draw chances. Unused chances will expire after the event. 

: After you’ve earned Lucky Draw chances, scroll to the top where you see the Lucky Draw machine. You can toggle between the 

 to receive your reward. If you have more than one Lucky Draw chance, you can choose the 

option to draw multiple rewards in one click.

Congratulations! You’ve successfully participated in the Lucky Draw and collected rewards! Please 

 that if the current stage’s rewards are exhausted, the draw for that prize pool will be paused. You can use your remaining entries in lower-tier prize pools.

Diving into the world of cryptocurrencies can be both thrilling and profitable, and the Bybit Wednesday Airdrop exemplifies this perfectly. It provides a platform where new and experienced traders alike can earn rewards regularly. With guaranteed wins each week and a variety of crypto tokens up for grabs, this event not only spices up the mid-week slump but also enriches your trading journey. Register now, participate actively and watch your crypto portfolio grow with Bybit's reliable and engaging Wednesday Airdrop!

Beginner

bybit wednesday airdrop.png

Bybit Wednesday Airdrop is a recurring weekly event that takes place each Wednesday and ends every Tuesday. Learn what it's about here!

Exploring the world of cryptocurrency can often feel like navigating through a labyrinth of opportunities. Among its most enticing aspects are 

, a popular way to reward participants with free crypto tokens. A significant player in this field is Bybit, with its recurring Wednesday Airdrop event that rewards users weekly with exclusive crypto bonuses.

In this article, we’ll explore what Bybit Wednesday Airdrop is, how it works and its benefits. Whether you're a seasoned trader or new to the crypto scene, understanding these airdrops could substantially enhance your trading experience.

 is a recurring weekly event that takes place each Wednesday from 10AM UTC to the following Tuesday at 11:59PM UTC, offering users a guaranteed chance to win cryptocurrency rewards. The process is straightforward yet engaging, ensuring participants not only gain financially but also enjoy the thrill of participation.

Upon logging into Bybit on any Wednesday, users are invited to register and participate in a Lucky Draw. This system is based on completing certain tasks, which then qualify participants for a number of draws. These tasks can range from simple referrals to trading specific volumes. Each completed task earns the user Lucky Draw chances, which are opportunities to win from a pool of the hottest coins.

The draw system is split into three tiers — 

. All users are eligible for the Basic rewards. The prerequisites for unlocking bigger prize pools are as follows:

This tiered approach allows users flexibility in choosing how much they wish to engage with the event, based on their comfort with risk and the rewards they aim to secure.

While this Lucky Draw guarantees a win, rewards are given on a first-come, first-served basis. Hence, once the week’s event prize pool has been exhausted, any remaining Lucky Draw chances cannot be used for the current event’s prize pool.

Benefits of Using Bybit Wednesday Airdrop

Bybit Wednesday Airdrop provides distinct advantages for participants. 

First, the airdrop provides an additional incentive exclusively for new users who have yet to make their first deposit. By making a first deposit of a minimum of 100 USDT during this event, these participants can secure three (3) Lucky Draw chances, which significantly boosts their chances of winning various cryptocurrencies. This feature not only welcomes new users to the crypto space, but also offers them an exclusive perk for signing up with Bybit! 

Secondly, the airdrop operates on a first-come, first-served basis, ensuring that every participant has a fair chance at winning as long as they act promptly. This approach guarantees a 100% win rate for those who meet the participation requirements within the event’s time frame, making it an appealing opportunity for users seeking certain rewards.

Another significant benefit is the exposure to a variety of crypto tokens. Participants have the chance to win different cryptocurrencies — including some of the hottest coins in the market at the moment — which can diversify their portfolios without mandating any purchase. This exposure is especially valuable for new users who wish to familiarize themselves with the dynamics of different cryptocurrencies in a risk-free manner.

Finally, since Bybit Wednesday Airdrop is a recurring event, users can look forward to receiving weekly crypto rewards as long as they register and participate in the event every Wednesday.

Bybit Wednesday Airdrop offers a fun and engaging way to earn free crypto while familiarizing yourself with Bybit's offerings. In just a few simple steps, you can dive into the exciting world of crypto rewards every week. 

 and register for our Bybit Wednesday Airdrop to secure sure-win rewards today! 

Bybit Wednesday Airdrop: Weekly Rewards and Crypto Bonuses

Learn about all of the VIP-only benefits you can enjoy on Bybit Finance, such as competitive interest rates and instant OTC settlement up to $10M.

The Bybit VIP Program offers a unique opportunity to stand out within the community while enjoying an array of exclusive benefits. Perks like trading fee discounts, Bybit Card cashback boosts, instant OTC settlements, competitive interest rates and priority customer support elevate your trading on Bybit. These advantages not only enhance your service experience on the platform, but also maximize your profitability and provide greater flexibility.

In this article, you ‘ll learn about the Bybit VIP Program and all of the VIP-only benefits you can enjoy on Bybit Finance.

 is an exclusive program that rewards the crypto market's most esteemed traders with an enhanced service experience and VIP-only benefits. These perks help you increase your profitability and add flexibility to your strategies. As an avid trader, you can 

 by maintaining high trading volume, account equity level or borrowing activity. Learn more in 

What VIP Benefits Can Traders Enjoy With Bybit?

By being a member of this exclusive club, you can take advantage of a range of Bybit VIP-only benefits, including the following:

In the following sections, we'll take a closer look at the most important VIP benefits you’ll enjoy with Bybit Finance products.

 is a specialized financial solution that empowers users with the ability to manage, plan and invest digital assets. With this service, you can access professional investment strategies and a variety of portfolios to help you achieve your investment goals with zero fees.

As a VIP trader, you can enjoy multiple exclusive benefits with Bybit Wealth Management. To start with, new members of the VIP program can earn a 10% APR for Bitcoin (BTC) and a 20% APR for Tether (USDT) for three days as part of a limited offer. Meanwhile, all VIP traders (including new and existing members) can access VIP-only pools to generate yield with early redemptions and higher APRs than for standard users. Currently, the following exclusive offers are available for Wealth Management:

 to take advantage of VIP-only benefits for this Bybit Finance product.

You can also enjoy VIP-only benefits for 

. Linked to the underlying crypto assets that Bybit offers, Structured Products help you boost your potential returns in both bullish and bearish markets (subject to market conditions). Currently, you can access four different Structured Products on the platform:

As a VIP trader, you can realize the following benefits with Bybit Structured Products:

 is a Mastercard debit card that allows you to access, manage and spend your crypto conveniently, easily and securely.

Accepted by over 90 million Mastercard merchants worldwide, the Bybit Card features EMV

 3-D Secure to protect your funds, 24/7 multilingual customer support and an exciting loyalty rewards program. 

The Bybit Card also offers a 2% monthly cashback rate, which you can boost up to 10% as a member of the Bybit VIP Program. In addition to a higher cashback rate, VIP card holders also accrue more points per dollar spent (up to 50 points), with increased monthly points (up to 300,000 points) and cashback limits (up to 600 USDT).

Moreover, if you’re a VIP trader, the subscription costs of some popular trading tools and lifestyle apps — such as TradingView, ChatGPT, Netflix, Spotify and Amazon Prime — are covered. These Bybit Card rebates are subject to stated monthly limits, and are distributed in Reward Points.

 offers you an alternative way to trade digital assets. It conducts transactions directly between two counterparties outside of Bybit's ecosystem, as opposed to trades that take place on the exchange's platform. Counterparties negotiate prices, and the service provides 24/7 trading with competitive rates and zero transaction fees.

VIP traders can enjoy instant settlements of up to $10 million for their OTC trades on Bybit. 

 to take advantage of these exclusive benefits.

As a VIP trader, you gain priority access to Bybit's live chat customer support, ensuring your questions are answered promptly and efficiently. In addition, you can take advantage of higher daily withdrawal limits of up to $200,000 in fiat currency or 12 million USDT in crypto, and API trading limits of up to 120 trades per second. With higher limits, you can execute your strategies and manage your funds with greater flexibility and enhanced convenience.

, fulfill the program's criteria in any of the following platform activities:

If you have active VIP status at another crypto exchange, or your total MT5 trading volume fulfills Bybit's criteria, you can also get a VIP+2 upgrade. In addition to making you a VIP trader, this upgrade will also instantly elevate your VIP status by two levels.

Alternatively, you can become a Bybit VIP trader through a 20-day trial, which you can access by funding your account with $50,000. Doing so will issue a VIP Trial Card, granting you all the exclusive benefits of the program for 20 days. The VIP trial offer is only available if you haven't used a trial within the past two months.

How do I access my VIP status and benefits?

We update your VIP level every day at 6AM UTC based on your activity on Bybit's platform. Your new VIP status will be reflected in your account once you fulfill the program's minimum criteria, allowing you to enjoy the exclusive perks and benefits. To check your current VIP level, hover over your profile icon or 

Conclusion: Become a Bybit VIP Trader Today

The Bybit VIP Program rewards the very best traders in the crypto market with exclusive perks. These VIP-only benefits on Bybit Finance — ranging from discounted trading fees and high withdrawal limits to competitive interest rates and priority customer support access — enhance the overall service experience for members. As a VIP trader, you can take advantage of these perks to increase your profitability and add flexibility to your strategies.

Become a Bybit VIP trader to unlock exclusive benefits and perks and maximize your earnings. 

Intermediate

vip benefits bybit finance.png

VIP-Only Benefits on Bybit Finance: Higher APRs and Instant OTC Settlement

cmETH, mETH Protocol's composable liquid restaking token, boosts ETH yield and maximizes capital efficiency via restaking on platforms like EigenLayer and Symbiotic.

 (PoS) block validation model in September 2022, ETH 

 and liquid staking solutions have been taking the market by storm. The 

 had also decided to leverage the popularity of ETH liquid staking by launching the mETH Protocol, then known as Mantle LSP, in late 2023. In a matter of months, mETH had grown to become Mantle's leading 

 (DeFi) protocol and one of the largest liquid staking platforms in the industry.

Another development in this sphere that’s taken shape between the second half of 2023 and throughout 2024 has been the arrival and explosive growth of ETH 

 protocol, liquid restaking is notably different from liquid staking as it supports a wider range of yield generation opportunities. Having replaced liquid staking as the industry's new in-vogue “thing,” liquid restaking is gaining popularity at lightning speed. Observing the development, the mETH Protocol has decided to add liquid restaking to its arsenal with the introduction of the cmETH liquid restaking token.

 (mETH) is an Ethereum liquid staking and liquid restaking solution launched in late 2023 on the 

The protocol was launched under the name Mantle LSP and rebranded to mETH in August 2024. Originally, the protocol was purely dedicated to liquid staking, with the mETH liquid staking token (LST) as the backbone of its operations. Users can stake ETH via mETH Protocol and earn yields generated from the block validation process on the Ethereum (ETH) chain. mETH is an LST issued as confirmation of staking deposits that also accrues rewards generated from ETH staking.

 is a classic liquid staking solution that provides more flexible and affordable staking opportunities as compared to direct staking on Ethereum, where direct staking requires running a validator 

 and committing 32 ETH (slightly over $100,000) as collateral. mETH-based liquid staking, however, is possible with no hardware resources committed to the network and only a 0.02 ETH (less than $70) minimum investment.

In May 2024, the protocol's governance community passed a proposal to add liquid restaking (covered in the section below) to the platform's product line. The protocol subsequently launched the cmETH liquid restaking token (LRT) to support this new functionality. Introduced in late October 2024, cmETH acts as a deposit confirmation token that accrues rewards from ETH liquid restaking.

Along with the introduction of the cmETH LRT, the mETH Protocol also introduced its governance token, 

Liquid restaking represents an evolution of liquid staking, which became popular after Ethereum's move to PoS block validation in September 2022. 

 protocols let users stake ETH funds and earn yield without the need to meet Ethereum's quite nontrivial financial and technical minimum requirements for running a validator node. 

When users stake funds with liquid restaking protocols, they’re issued LSTs as confirmation of their deposits. These LST assets can be further used within the DeFi ecosystem on various protocols to earn additional yield. For instance, 

 (LDO) — the most popular liquid staking protocol deployed on Ethereum — provides users with the stETH LST, which represents the underlying principal-staked ETH. While your original ETH earns staking yield through Lido, you’re free to use stETH on various DeFi lending and borrowing protocols or swap pools to generate additional yield.

In June 2023, the EigenLayer protocol first introduced the concept of 

. With liquid restaking, you’re issued an LRT asset as a receipt for your original staked ETH funds. The LRT can then be reused for staking and other yield-generating DeFi activities on other platforms to secure their operations. At first glance, liquid staking using LSTs and liquid restaking using LRTs look similar, as both allow you to use an asset issued as your ETH deposit receipt on other platforms for additional yield.

However, there are significant underlying differences between the two concepts. LSTs cannot be reused on additional platforms beyond Ethereum for staking to secure their 

. Instead, these assets can only be utilized in liquidity pools, lending solutions and other DeFi apps that are detached from the underlying validation/staking process on a given chain or protocol.

In contrast, LRTs are assets that can be reused beyond Ethereum’s 

 to secure through staking the operations of Layer 2 chains, 

, data availability (DA) layers and other solutions servicing the broader Ethereum ecosystem. Additionally, similar to LSTs, LRTs can typically be reused in liquidity pools, lending protocols and other DeFi solutions not responsible for the underlying security of a blockchain platform or service. In other words, liquid restaking/LRTs offer a significantly wider choice of platforms and reuse modes than liquid staking/LSTs.

What Is mETH Protocol’s Liquid Restaking Token (cmETH)?

cmETH is mETH Protocol's value-accumulating receipt token for liquid restaking. It's a composable liquid restaking token designed to support the new restaking function on the platform. Thanks to its use of the 

 OFT (Omnichain Fungible Token) standard, it has native-level multi-chain functionality. By committing your ETH funds to restaking via mETH Protocol, you can be issued the cmETH LRT. Similar to mETH, which is used for liquid staking, cmETH roughly tracks the price of ETH, and typically trades at a slightly higher rate than Ether, due to accumulating yields.

The protocol uses several liquid restaking providers 

 as well as associated Actively Validated Services (AVS) to put your ETH funds to use, secure a variety of chains and protocols, and deliver you competitive APY rates from liquid restaking. As solutions and services on blockchain platforms that are being actively monitored and adjusted to ensure their efficiency and security, AVSs contrast with fully automated blockchain services, which are based more on a "set and forget" premise.

 limitation. As a typical LRT asset, its total supply in circulation will fluctuate based on the amount of ETH committed to liquid restaking via the protocol. As of Nov 25, 2024, the token's total circulating supply stands at 

cmETH and mETH represent mETH Protocol's liquid restaking and liquid staking tokens, respectively. To enjoy liquid restaking opportunities, you can convert your mETH to cmETH at a ratio of 1:1. An advantage of cmETH over mETH is the wider choice of yield-bearing options. mETH is typically used to access staking yields from supporting Ethereum's block validation mechanism. It can also be used on a variety of liquidity pools on Mantle Network, decentralized money markets and the Mantle Network 

cmETH creates opportunities to secure a variety of chains, protocols and solutions within the Ethereum ecosystem via EigenLayer, Symbiotic, Karak and various AVSs, something that’s not possible with mETH and liquid staking. As such, cmETH provides a wider array of options and potentially better yields than with mETH, due to the variety of available choices.

 as a swap pair with USDT. Until Nov 29, 2024, you can also take advantage of Bybit's 

 campaign to grab a share of the 10 million COOK prize pool. To be eligible for the rewards, new users who sign up on Bybit and complete identity verification need to accumulate a deposit volume of at least 0.1 cmETH, or deposit 100 USDT and trade 100 USDT worth of cmETH via their first trade with their Bybit account. Existing users can also qualify for COOK rewards by trading at least 500 USDT worth of cmETH, with the chance to earn more by higher trading volume.

By introducing the cmETH token, mETH Protocol has entered the game of liquid restaking. Using this new service, mETH users can now generate yield rates and achieve capital efficiency that the standard liquid staking service may not be able to match. If you’re a DeFi user interested in new liquid restaking options, the cmETH token from mETH Protocol may deserve your serious consideration.

cmeth.png

mETH Protocol (cmETH): Effortless Cross-Chain ETH Restaking

Bybit Learn

Trading

Key current market drivers include remarks from U.S. Federal Reserve officials, U.S. economic data released in October 2024 and decisions from the Bank of Japan. 

EN_2409-T35020_Learn_Read_to_Earn_728x90.png

Key_Market_Drivers_During_WSOT_2024_1.png

Key_Market_Drivers_During_WSOT_2024_2.png

Key_Market_Drivers_During_WSOT_2024_3.png

Skinny_Banner-1600x400.webp

WSOT 2024 will take place from Oct 10, 2024, 10AM UTC through Oct 31, 2024, 10AM UTC. This article outlines the key price drivers during this period and offers insights on leveraging these factors for potential gains.

What Will Some Key Drivers of the Crypto Market Be During WSOT 2024?

Although there are no scheduled Federal Open Market Committee meeting in October 2024, comments from central bankers in response to economic data releases could still create significant market fluctuations. Since economic indicators are published, the way central bankers interpret these figures can influence investor sentiment and expectations about future monetary policy. Any signals regarding interest rates, inflation concerns or economic growth can lead to volatility, impacting asset prices across various markets, including cryptocurrencies. 

Following the Bank of Japan's (BoJ) interest rate decision on Sep 19, 2024, Bitcoin and Ether experienced significant price surges. This reaction can be attributed to the market's perception that a hawkish stance from the BoJ — meaning the central bank is likely to raise interest rates or maintain a tight monetary policy — could negatively impact broader risk on assets.

Inflation and economic growth remain key concerns for market participants. A soft landing — defined by slowing inflation coupled with robust economic growth — would be particularly advantageous for risk-on assets such as cryptocurrencies.

In this scenario, the likelihood of aggressive interest rate hikes diminishes, fostering a stable environment that supports consumer spending and business investment. This stability could increase demand for cryptocurrencies as they become more attractive to investors seeking higher returns.

It's important to monitor key events, during which protocols and communities typically announce new products or developments.

With the U.S. presidential election scheduled for November 5, 2024, polls and new policies from Donald Trump and Kamala Harris may provide the market with insights into what to expect following the election.

Since the launch of Bitcoin Spot ETFs in January 2024, BTC's correlation with macroeconomic factors has strengthened, suggesting that traders now view BTC more as a risk-on asset. This growing correlation means that BTC is often setting the pace for market movements, even outside traditional trading hours, and aligning closely with U.S. equities when markets are open. As cryptocurrency becomes increasingly influenced by broader market sentiment, grasping this sentiment is essential for anticipating the next phase of the 

As Bitcoin and other cryptocurrencies increasingly act as risk-on assets, their reactions to the Federal Reserve's rate-cutting cycle are likely to mirror those of the S&P 500. In past non-recessionary cycles, initial market declines have often occurred before the increased liquidity from rate cuts starts to boost spot prices. In contrast, recessionary cycles — excluding the unique case of COVID-19 — tend to see extended downturns in the returns of riskier assets, driven by broader economic vulnerabilities.

In past election cycles, we have noticed a minimal connection between the political landscape and Bitcoin (BTC) prices. Consequently, historical price movements are not reliable indicators of future performance. However, as Bitcoin has become more mainstream, political influences on its price are increasingly evident in the 2024 derivatives data.

This relationship is visible in the chart above, with BTC’s spot price rallying soon after the probability of a Trump election win from 60% to above 70% on Jul 13, 2024. Also plotted is the date that Joe Biden dropped out of the race and endorsed the eventual Democratic candidate, Kamala Harris, on Jul 21, 2024. Notably, this didn’t result in any immediate reaction in BTC spot prices or Trump’s winning probability, as Harris’s chance of taking the nomination grew steadily over the following months.

Moreover, the irregularities in the implied volatility term structure, which indicates the price premium for specific options, suggest that the market anticipates significant price fluctuations immediately following the election. It’s particularly noteworthy that, while BTC has shown a strong correlation with U.S. equities, especially the S&P 500, the skew in the term structure presents a conflicting perspective: it appears bullish for BTC but bearish for U.S. equities. This discrepancy is surprising, given the strong and growing correlation between these asset classes.

Tune in for our weekly derivative insights as we help you sail through the market volatility at 

What Are Key Market Drivers During WSOT 2024 and How to Sail Through Them

Grab Up to 5,000 USDT in Rewards

Grab Up to 5,000 USDT in Rewards