In our latest Learn 101 livestream session, we gathered an esteemed panel of crypto experts to share insights on the current meme coin wave. Learn more here.

 have surged in both variety and popularity, partly due to their community-driven nature and the broader public's growing familiarity with digital currencies. This lively segment of the cryptocurrency market is thriving, with several notable coins capturing the attention of investors and enthusiasts alike.

livestreams, providing you with comprehensive expertise and insights from leading figures in the crypto industry in case you miss the livestream.

, which took place on May 2, 2024, we gathered Web3 Evangelist Dirk Pennings along with Ivan Lee, Senior Product Comms Specialist at Bybit, to dissect the burgeoning meme coin market with Sabrina Chua, Crypto Evangelist and SEO Editor from Bybit, moderating the discussion.

 in 2013, introduced as a playful alternative to more traditional cryptocurrencies. This sector gained significant momentum due to high-profile endorsements and a strong sense of community among its participants. Dogecoin, for instance, has seen sustained interest and is often dubbed the “king of meme coins” for its substantial market cap and iconic status within the crypto community​​.

discussion, the panel explored the unique appeal of meme coins by highlighting these cryptocurrencies’ community-driven nature and the significant potential for returns when balanced against their inherent risks.

“I think it’s very popular because it’s community-driven,” said Pennings, noting the democratic aspect of meme coins. Without any venture capitalists, presale investors or other investors, the “whole community is equal” in collaboratively pushing the brand forward in the crypto space, helping participants feel that they’re “part of something.” This inclusivity fosters a strong sense of belonging and participation among investors.

Lee agreed, contributing his perspective that the allure of meme coins is related to their high risk/reward ratio. He gave an example: “For those people who missed out on Bitcoin when it was trading below $1,100 or 

 when it was $10, they’re not going to get 100x or 500x from just investing in Bitcoin or Ethereum, at least not in the short term. But for meme coins, especially if you catch them early, there is this potential.”

The panel also noted the evolution of meme coins from their predominant presence on the Ethereum blockchain to their burgeoning launches on the 

 blockchain during the 2024 bull run. This shift has been largely attributed to Solana's lower transaction fees, which enhance the accessibility and attractiveness of meme coins on its platform. 

Pennings further highlighted a significant shift in the pattern of meme coin launches during bull runs, observing that in past crypto bull runs, we’ve typically seen meme coins launching toward the end as a kind of climax. However, the 2024 bull run has been distinctively initiated by the launch of meme coins. This inversion in trend suggests a growing influence and earlier integration of meme coins into market dynamics, marking meme coins as potential catalysts for broader market movements rather than mere followers of existing trends.

The panel delved deeper into the proliferation of meme coins on the Solana blockchain as evidenced by their notable trading volume and volatility. Lee emphasized that numerous coins were attracting attention due to their market dynamics, also noting that many are “getting a lot of trading volume and volatility” recently. 

Pennings was candid about the fundamental nature of meme coins, suggesting that their creators should embrace and clearly communicate that these coins are primarily for entertainment: "They’re just a meme, trying to be funny," he stated, stressing the importance of maintaining these coins’ transparency and identity without necessarily seeking practical utility.

Lee added to this sentiment by advising against pretentiousness in the meme coin sector. He finds it intriguing that some meme coins are experimenting with mechanisms such as buybacks to influence their market value, signaling a shift in how developers might be trying to sustain interest and longevity in their projects.

The panel addressed the inherent risks tied to meme coins, such as high volatility and the threat of 

Each member of the panel then shared tips on how investors can better protect themselves from crypto scams. Pennings emphasized the importance of portfolio diversification, echoing the age-old wisdom of not putting all your eggs in one basket, and stressing the significance of securing profits. He explained that, while a meme coin’s price has the potential to go higher, it could also plummet to zero and wipe out your initial investment. 

Lee provided practical advice on managing risk, highlighting the speculative nature of meme coins and the critical importance of measured, cautious investment strategies when it comes to speculative investments: "Control your leverage, set a 

 and only invest what you can afford to lose.".

Closing the discussion, Sabrina Chua highlighted the necessity of thorough research before making any investment. "It’s important that you 

 before investing in any financial product," she urged, noting that you can rely on community feedback and clear project objectives to guide your decisions. 

As meme coins grow in number and complexity, it’s crucial to understand their trends, the technology behind them and community involvement. These elements not only define the current meme coin landscape, but will also shape its future trajectory.

As part of the livestream, Bybit is holding an 

 that offers you a chance to participate in our pop quiz and earn a share of a 1,000,000 

 prize pool. The event period is through May 9, 2024, 12PM UTC.

Stay tuned for more discussions on the dynamic world of cryptocurrencies — and don't miss our next session on May 16, 2024, 8AM UTC, where we delve into the 

For those who missed the live interaction, remember to engage with us during our livestreams for a chance to win prizes and have your questions answered by experts. Visit our 

Intermediate

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Learn Live ICYMI: Riding the Meme Coin Wave of 2024

Kamino is an ecosystem of decentralized finance protocols that focuses on lending, liquidity provision and leveraged liquidity. Learn more in this article.

 products has resulted in numerous useful services for consumers. Decentralized finance (

) providers are often more accessible and convenient than traditional finance institutions. To explore the benefits of DeFi finance, check out Kamino. This blockchain-based lending system makes it fast and easy for people to borrow funds or earn interest with their portfolios. You can find out how Kamino works and see if it's right for you by reading this article. 

 is an ecosystem of decentralized finance protocols. The Kamino system focuses on lending, liquidity provision and leveraged liquidity. Compared to other DeFi lending systems, Kamino stands out due to its concentrated liquidity market and built-in exchange services.

Kamino started as a liquidity provision service onthe 

. It began attracting attention due to its simple, one-click lending services, and users requested that Kamino support more and more lending options. Eventually, the Kamino team decided to branch out and create their own complete system of lending products.

Unlike many other crypto projects that lend liquidity and leverage, Kamino doesn't have a single founder running the entire system. Instead, the project includes a diverse group of team members who live in several different European countries. Kamino's team includes software engineers, marketing advisors, cryptocurrency experts and more. 

Kamino's mission is to provide users with the easiest possible way of offering or receiving liquidity. During Kamino’s early forays into blockchain finance systems, its team noticed that liquidity provision was often confusing and overly complicated. Users had to log in to multiple services, follow lengthy processes and lend or borrow money without knowing exactly what the results would be. 

Kamino aims to provide clarity by offering easy lending liquidity and leverage services, and to provide transparent analytics that clearly tell users how much they'll earn by providing liquidity and how much they'll pay in interest rates. Ultimately, its team believes their liquidity provision services will revolutionize the blockchain field and make providing liquidity much easier.

The Kamino system is divided into two separate protocols that each have their own specific method of operation.

 (DEX) pools with two tokens. Lenders deposit their target asset in a pool, and receive afungible 

 as the receipt for their deposit. The automated system then compounds all rewards and interest rates associated with a user's fund and gradually increases the value of each lender's kTokens. Because kTokens are also standard 

 (SPL) tokens, people can use them across the Solana system while they’re waiting to cash in their kTokens and collect their initial tokens.

 is the newer system that powers the rest of Kamino's offerings. The K-Lend system uses a concentrated liquidity mechanism to help liquidity providers earn yield. All lender tokens are converted to a single pool of funds that borrowers can withdraw from, and a decentralized matchmaker helps distribute the target asset to the right borrower at the correct time. This creates a more efficient system with higher earning rates whether you borrow highly correlated or soft-pegged assets. 

A polylinear interest rate curve allows lenders to earn yield at a steady rate, and to cash out whenever they want. The K-Lend system uses a comprehensive set of algorithms and 

 to track interest and risk, so all users are treated fairly.

Kamino's secure DeFi product suite has a whole host of useful tools. The following are Kamino’s main features.

 is a service for leveraged borrowing whereby the underlying assets being borrowed also function as the collateral assets for the loan. Users pay a borrow 

 instead of having to pay fees, and if the borrow APY becomes higher than the yield for a set period of time, the loan is liquidated. As long as the borrow interest rate remains lower than the yield, users eventually get to cash out their loans and profit from the assets.

This is the broadest level of service available to users. People can use it to borrow a debt asset when they need extra funds, or to lend an asset temporarily to earn interest from other users. The decentralized matchmaker can use the 

 feature to power other aspects of Kamino. This feature supports the ability to borrow highly correlated or soft-pegged assets, and fees are adjusted to accommodate the market value of each asset.

 will allow Kamino users to purchase options. Instead of just borrowing and lending crypto assets, people will be able to enter contracts to buy or sell crypto at certain prices. With Kamino's Long/Short feature, users will potentially be able to profit whether the crypto market moves up or down.

 provide similar services to its Borrow/Lend, but are a little simpler to use. Through Solana, users can access one-click liquidity solutions, provide liquidity to help the Kamino market run smoother and earn yield in return for their services.

 are a reward system that incentivizes people to use Kamino. Users earn at different levels, based on their collateral assets, debt asset rates and leveraged staking. They can then use these points to participate in token 

Kamino has already gone through a lot of changes since it was first founded a few years ago, morphing from a Solana-specific device into a broad protocol with multiple features. In the spring of 2024, Kamino will focus on launching its new token system. Kamino has already run one airdrop, and plans to find more ways of promoting its token in the future. 

The project doesn’t have a defined road map, but its team has expressed their desire to prioritize community growth in the future, with plans to include more community leadership and possibly create a 

. Long-term plans include running funding programs for developers and providing grants to people who build Kamino services. 

Eventually, they hope to provide a full suite of DeFi products, all of which promote the Kamino mission of easy and convenient DeFi service.

Kamino has recently announced its plans to launch the KMNO governance token. Users can stake KMNO to earn rewards, such as Kamino points, and can eventually use their tokens to vote on decisions for the protocol. KMNO has an initial circulating supply of 

 and a total supply of 10 billion. Here's how these tokens will be distributed:

 will increase slightly but remain fairly low, reaching $0.18 by the end of 2024, $0.38 by 2027 and $0.62 by 2030. CoinCu is more positive, 

 that KMNO will reach $1.36 by the end of 2024, $1.45 by 2027 and $4.98 by 2030.

Looking to trade Kamino tokens? Bybit now offers the KMNO/USDT Spot trading pair. To get started, you’ll first need to create a Bybit account, fund it with cryptocurrency and navigate to the 

To celebrate this listing, Bybit is holding an 

 where you can win from the 3,750,000 KMNO Airdrop Bonanza, being held from May 2, 2024, 10AM UTC through May 23, 2024, 8AM UTC.

Kamino Finance consistently ranks as one of the 

, so it's certainly worth watching. In many cases, this sort of popularity leads to excellent prices for the project's associated crypto. Though the crypto is still very new, it's already acquiring a lot of buzz and racking up some decent pre-trade volume.

However, any time you're considering investing in a new crypto, it's necessary to be cautious. These new coins can be quite volatile, and it can take some time to see what their actual value is. Make sure to 

 market conditions before purchasing KMNO or any other cryptocurrency.

Kamino's secure DeFi product suite has already managed to capture many users. It appeals to expert liquidity providers by offering niche features, such as transparent analytics, but Kamino is also attracting lending novices with its easy-to-use interface. 

This project's clever design and its Solana integration have helped it become a leader in the DeFi lending world. Though KMNO is still fairly new to the crypto market, Kamino's expertise might help its crypto token become extremely popular.

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Kamino (KMNO): Unifying Lending, Liquidity and Leverage

Tensor (TNSR) is revolutionizing Solana's NFT trading infrastructure with innovative features and a community-focused model, becoming the second-largest NFT marketplace on Solana.

Tensor, an NFT marketplace built on Solana (

), created quite a buzz after the Tensor Foundation announced that rewards worth over $200 million for its season one, two and three airdrops were available for claim.

, TNSR, which generated over $640 million in trading volume within seven hours or so of its launch.

Such success is synonymous with the incredible performance of various projects within the Solana ecosystem, especially 

 that have raked in millions of dollars in trading volume upon launch.

So, what’s the hype around Tensor, and what does it bring to the crypto space?

Tensor is an on-chain marketplace built on Solana whose traders and creators can buy, sell and trade 

Tensor is the second largest Solana NFT marketplace after 

NFT enthusiasts can easily and conveniently 

 and manage their assets with Tensor’s innovative platform. Tensor has adopted a similar rewards model as 

), whereby users receive tokens distributed through 

Launched in July 2022, Tensor was created to offer traders deep liquidity and swift transactions for NFT trading, along with the opportunity to earn rewards.

The project carried out its first season of airdrops in September 2022, followed by a second season in March 2023, attracting a considerable number of participants. During the second season, activity on the platform briefly surpassed that of Magic Eden, as users increased activity while targeting the rewards.

NFT creators can also use the platform to add or remove NFT mints, and even to change the descriptions of the NFTs they’ve created. The platform also has a launchpad for Solana NFTs, such as pNFTs and compressed NFTs.

Tensor supports its creators through enforced royalties, whereby the buyer (taker) pays the royalties, a marketplace fee and the listed price. However, a collection can include optional royalties so the buyer can choose the rate of royalty they wish to pay.

 NFT collection, which consists of 10,000 NFTs that target Tensor’s die-hard community. By becoming a Tensorian NFT holder, you unlock various benefits, such as 

, becoming part of the Tensor community, and receiving rewards and exclusive merchandise. 

Following are the key features that are part of building the NFT infrastructure on Tensor.

Tensor AMM (also known as TensorSwap) is Tensor’s automated NFT marketplace, where trading NFTs is automated and has advanced order types. Think of it as an automated market maker (

), like those used in DeFi, but for NFTs instead of fungible tokens.

Unlike traditional NFT marketplaces, such as Magic Eden or 

, TensorSwap allows you to get paid. You can configure your maker fees and earn rewards for activities on the platform, especially setting orders. Best of all, you get to keep all the fees from your completed market orders. Additionally, TensorSwap helps to auto-manage your NFT portfolio by making sure you buy low and sell high in order to counteract emotionally charged trading.

Tensor Price Lock is an innovative feature that lets you 

 NFT prices by locking them in for seven days. When using this feature, you can be a taker (the one who buys a price lock) or a maker (the one who funds the price lock). Introduced on Jan 22, 2024, this feature allows those who fund price locks (in a similar way as liquidity providers in DeFi) to earn Tensor rewards from their NFTs.

Shared escrow is an innovative feature on Tensor that provides you with a capital-efficient way to bid for NFTs. You can place multiple bids, such as collection bids and trait bids, using the same pool of SOL tokens.

In order for the bid to remain fillable, you need to ensure that it’s less than or equal to the balance available on your shared escrow account. You can also activate purchase caps to set limits to the number of NFTs a particular order buys, protecting your shared escrow balance from being depleted.

YOLO Buy is a feature that lets you bid on your favorite NFT by placing a nonrefundable fee, which is a percentage of the listed fee. By placing more bids, you stand a better chance of winning the NFT, with up to 75% odds. The winner is determined through a free spin, whereby even those who lose the bid receive Tensor rewards. When an NFT is purchased through YOLO Buy, the maker (person who listed the NFT) receives 1.5% more from the purchase.

TNSR is Tensor's governance token, used to empower the community that manages key protocols on the platform. By holding TNSR, you can vote on various proposals, including those in the Tensor DAO that governs the proposal process. As a TNSR token holder, you also receive discounts on the platform, such as fees reduced by 25% if you list an NFT using TNSR.

TNSR has a total supply of 1 billion tokens. As with BLUR’s tokenomics, most of its total supply has been reserved for the community to power the airdrops program. The TNSR token allocation is as shown below:

You can buy Tensor on Bybit through its Spot trading platform as a 

 Spot trading pair, or on Bybit’s Derivatives platform as a USDT Perpetual contract (

 was $0.86, a 61.3% drop from its ATH of $2.23 on Apr 8, 2024, and an 15.8% increase from its ATL of $0.74 on May 1, 2024.

Price prediction experts are quite bullish on the future for TNSR. According to CoinCodex, TNSR’s price 

, though it sees a slight reduction to a high of $3.51 in 2030. Price experts on DigitalCoinPrice 

 on TNSR, believing the token will hit $$2.17 in 2025 and increase to $6.34 by 2030.

While these price predictions appear bullish, they aren’t a guarantee of TNSR’s future price. We highly recommend you 

 before investing in Tensor or any other altcoins.

Tensor has quickly become the second-largest NFT marketplace on Solana through its innovative approach of using blockchain technology to trade NFTs, and its community-focused model of rewarding members through airdrops.

Its innovative features, such as Price Locks and the TensorSwap AMM, could be game changers for the way NFTs are traded. As more liquidity continues to flow back into Solana, Tensor will be among the top projects to watch.

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Tensor (TNSR): Revolutionizing Solana's NFT Trading Infrastructure

A Solana ETF is a type of exchange-traded fund that offers a way for investors to gain exposure to the Solana ecosystem without directly owning SOL tokens.

The U.S. Securities and Exchange Commission (SEC) 

) on Jan 10, 2024 electrified the cryptocurrency community, 

. This landmark decision has opened the floodgates for speculation about the introduction of spot ETFs for other leading cryptocurrencies. Several issuers have already 

, a rising star in the blockchain arena, could also be a prime candidate for its own spot ETF. This article examines the feasibility of a Solana Spot ETF in the wake of Bitcoin’s ETF success. Explore the potential of a Solana Spot ETF while considering the lessons learned from Bitcoin’s ETF journey and the unique aspects of Solana’s blockchain technology that could influence its own spot ETF approval.

A Solana ETF is a type of exchange-traded fund that tracks the price of Solana's native cryptocurrency, SOL, offering a way for investors to gain exposure to the Solana ecosystem without directly owning SOL tokens.

A Solana ETF, if approved, would function as a regulated investment fund that follows the price of Solana’s native token, SOL, by directly holding these tokens in its underlying basket. The ETF would be traded on stock exchanges, so investors could buy and sell shares of the fund, just as they would with stocks. The value of the ETF shares would fluctuate with the market price of SOL tokens, providing investors with exposure to Solana’s performance without the need to directly purchase or store the cryptocurrency.

The mechanics of a Solana ETF would involve several key components:

The establishment of a Solana ETF would depend upon regulatory approval. This requires the ETF issuer to demonstrate that the fund meets all legal and regulatory standards, including those related to investor protection and market integrity. The SEC’s stance on cryptocurrency ETFs has been cautious, but the recent approval of Bitcoin Spot ETFs has set a precedent that could pave the way for other cryptocurrencies such as Solana.

The current landscape of Solana ETFs is filled with anticipation and a few options for those eager to get in. While there aren't any official Solana ETFs approved yet in the U.S., there's a lot of talk about the possibility. People are particularly hopeful following the SEC's approval of Bitcoin Spot ETFs, whose funds directly hold BTC.

Although the exact timeline for approval remains uncertain, experts believe that Solana could hit the crypto spot ETF market in 2024. They're keeping a close eye on the SEC's decision regarding potential Ethereum Spot ETFs, 

, which could set a precedent for Solana ETFs.

In the meantime, investors looking to get a piece of the Solana action can turn to products such as 

 (VSOL), which are available in certain regions. In Canada, 

 is getting ready to launch a Solana Spot ETF, which could be the first of its kind in North America.

The excitement around Solana ETFs comes from the blockchain's increasing adoption, its technological advancements and its attractiveness as an investment. Nevertheless, getting ETF approval is anything but straightforward, as the market needs clear structures to support them and there are numerous regulatory hoops to jump through.

Still, with the growing interest in crypto ETFs, there's a reasonable chance of Solana ETFs becoming a reality soon. When they do, they'll offer investors a new way to tap into Solana’s exciting blockchain platform.

Chances of Solana ETF Applications Being Approved

As mentioned above, approval for Solana ETFs depends upon a few key factors, including the regulatory landscape. Right now, it seems like getting the green light for a Solana ETF in the U.S. might be a long shot. Tellingly, no company has yet applied for one to the SEC.

Instead, all eyes are on Ethereum. Several companies, including big names like Franklin Templeton and 

s. The SEC is expected to decide on these applications this year, a decision that could hold sway over the fate of Solana ETFs.

However, there's a twist: The SEC sees Bitcoin differently because of its 

 (PoW) consensus mechanism, whereas Ethereum and Solana are both 

 blockchains, making approval trickier. The SEC is still investigating whether Ether (ETH) is a security, which would open up additional compliance requirements for the asset.

 because it aims to play a similar role in the blockchain world. It boasts compelling features, such as fast transactions and low fees. Therefore, if Ethereum gets the thumbs-up, it may bode well for Solana, too. The anticipation is that if a Solana ETF gets the go-ahead, it could see a wave of inflows, much as Bitcoin did.

What Will It Mean If a Solana ETF Application Is Approved?

If a Solana ETF application were approved, it would mark a significant moment for the crypto world, especially for Solana itself. 

Investors would gain the ability to effectively buy Solana's token, SOL, through a regulated investment product traded on stock exchanges. This could bring more liquidity into Solana, make its token easier to access and provide some regulatory clarity — all of which could attract larger institutional investors.

Looking at the impact of Bitcoin ETFs on the crypto market, we could see a similar rush of mainstream adoption if a Solana ETF were to be approved. Being able to invest in Solana from a typical retail or institutional brokerage account would open the door for larger inflows.

However, since the SEC is still trying to determine whether Ether is a security, it will almost certainly have ruled on this issue before approving a Solana ETF. 

The SEC's January 2024 approval of Bitcoin Spot ETFs has sparked excitement over the potential for a Solana ETF, a possibility that could make investing in the SOL token more accessible for everyone. Although no applications are in the U.S. pipeline yet, the anticipation in the industry is undeniable. Approval would mark a major milestone, with an impact potentially similar to that of Bitcoin's Spot ETF approvals — and the promise of bringing more institutional players into the cryptocurrency market.

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Solana ETF: The Next Contender After BTC and ETH Spot ETFs

Bybit Learn

Bybit Lending

Bybit lending involves matching lenders and borrowers of an asset with underlying collateralized loans to earn interest and for trading. Explore the high APR & lending.

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Crypto lending is nothing new, but it has grown into billions in 

 (TVL) on certain lending platforms in recent years. This service is favored by many traders and institutions primarily for its lending convenience and, most importantly, the versatility to earn high annual percentage yields. 

As the vulnerability of the banking system spreads, Bybit strives to provide the most reliable and transparent crypto lending services by learning from past events. Beyond our competitive hourly interest offerings, we also bring state-of-the-art risk management systems, ensuring users' assets are secured throughout the process. 

Bybit Lending uses a pool for lenders to contribute their idle crypto assets and earn high-interest payouts from borrowers. In this way, Bybit serves as the intermediary, bridging the gap between borrowers and lenders in the crypto environment. 

Fund depositors (lenders) in the lending pool earn hourly interest. The collected funds are available for traders (borrowers) to trade marginal products, or to invest in Bybit Earn products. Borrowers must deposit the required amount of collateral, depending upon the lender's terms, in order to borrow crypto assets. These loan terms are varied and can be as short as one day whenever the daily redemption is available.

Bybit Lending offers flexible deposit and redemption, meaning users can redeem anytime if the redemption window is still available. However, the lending system will enter a cool-down period once the service reaches either 100% capacity or the daily redemption limit, whereupon the withdrawal function will cease until the system refreshes every hour. 

The redeemable amount from the asset pool is calculated automatically by the system based on the Loan-to-Pool ratio, depending upon the crypto asset 

. Bybit will update the APR and interest hourly based on market conditions and the actual interest income generated by the loan amount. 

The Bybit asset pool accumulates deposits from lenders, and the built-in matching system in Bybit Lending matches borrowers' needs to a lender. In return, the lender earns APR from the pool, creating a win-win situation for participants. The funds in the pool serve as liquidity for the platform, to be used solely to support users' trading needs. 

The APR payout on Bybit Lending incentivizes lenders to earn interest income whenever they deposit funds into the asset pools available to borrowers. The APR is an adjusted payout that’s calculated hourly based on real-time market conditions. Depending upon the chosen contract and loan asset, lenders can enjoy a high APR. 

The interest rates are variable and updated every 10 minutes to reflect changes in borrowing demand, resulting in hourly payments. To ensure the safety of your assets, Bybit manages the risks of lent assets using multiple measures, such as collateral value ratios, conservative liquidation thresholds, and an Insurance Fund. 

The APR is calculated with the following formula:

 = (Total Revenue per Hour/Unredeemed Principal per Hour) * 24 * 365.

Once your funds are successfully lent out after depositing at T (rounded up to the next hour), the interest will accrue at T+1, accumulating hourly on the principal amount. Upon redemption, the accumulated interest will be paid along with the principal.

: Historical returns are not indicative of future returns. Bybit does not undertake to repay principal and interest or pay any other form of property income return in currency, kind or equity within a certain period of time.

Of the interest generated by the depositor's loans, Bybit retains 20% as a service fee. The depositors of the asset pool share the remaining 80%, and interest earnings will be distributed upon redemption. 

*Please note that historical returns are not indicative of future returns. 

Users of Bybit Lending can earn passive income in multiple ways. Here are some of the strategies traders can consider. 

 Borrow From Liquidity Providers to Lend on Bybit

Bybit Lending is a good investment vehicle for traders who want to hold onto their crypto for asset appreciation without selling their crypto, at the same time letting their money do the heavy lifting for a passive income. 

The high APR payout on Bybit allows investors to earn sustainable passive income from our platform. One option is that a participant can access liquidity from other crypto liquidity providers and lend the crypto on Bybit. Traders can borrow crypto assets from crypto platforms of their choice via OTC lending or crypto loans. These borrowed funds can be repurposed by depositing them as a lender on Bybit Lending to earn lucrative APR with a flexible redemption environment. 

: We do not endorse any financial advice, external platforms or services throughout this content. They are facts obtained from credible sources for educational purposes only.

Traders looking to maximize their profits can look through the token list available on the Bybit Lending platform to determine the crypto asset with the highest demand from borrowers based on its APR. The higher the demand, the higher the APR provided. Traders who have idle cryptocurrencies can then choose to exchange their cryptocurrencies for these assets (if they don’t already have them) and participate in their respective lending pools to reap the rewards of the high APR. By keeping an eye on the token list and only participating in lending pools with the highest APR, traders will be able to maximize their profits.

 assets from one platform to another. For example, a trader could borrow USDT at 5% APR and lend USDT at 5.5% APR, yielding 0.5% of the profit margin. Arbitrage opportunities are common strategies, but lending and borrowing rates are dynamic, meaning traders must be alert to catch these opportunities quickly. 

Bybit Lending offers high interest payouts for lenders on certain coins, to be paid hourly starting an hour after you’ve successfully deposited with Bybit Lending. 

Loans contributed to asset pools are immediately made available for borrowers. Bybit Lending guarantees that all depositors can redeem funds at their discretion, with successful redemption credited immediately. 

We utilize comprehensive risk management systems and high-security technology to secure your assets, ensuring your lent assets stay safe. 

Bybit Lending Sign-Up: Step-by-Step Guide

Becoming a lender on Bybit Lending is a straightforward process. Here’s a step-by-step guide to help you get started. 

Once logged in to your Bybit account, you can navigate to the menu and click on 

(UTA) asset page, where you can access the 

 function by logging in to your Bybit Spot wallet. 

: Bybit Lending is currently only available on the Bybit App (4.16.0 and later) and Lending on Bybit Web will be released soon. Stay tuned for the updates.

 to access the complete list of available crypto assets. Then, enter the amount you'd like to lend from your available account balance. Agree to the terms and conditions to proceed with your 

Once you've verified all of your details, click on 

 to finalize your transaction. Bybit’s team will process the request, which should take less than five minutes to confirm the purchase.

You’ll be prompted with a notification to confirm your purchase. Then, you can again access the 

page to preview bonus details, including redemption limit, estimated APR yields and your loan utilization rate. There’s also an 

 breakdown so you can check your hourly income details. 

To ensure the safety of lent assets, Bybit employs comprehensive risk management measures, including collateral value ratios, liquidation thresholds, and an Insurance Fund. With Bybit Lending, investors can confidently grow their cryptocurrency holdings, knowing their assets are fully protected throughout the lending process.

How is the APR in Bybit Lending determined?

The APR in Bybit Lending depends on the Loan-to-Pool ratio and increases/decreases along with supply and demand. This APR is refreshed every 10 minutes, and interest is accrued every hour.

Bybit Lending offers the safest, most flexible and transparent lending environment for lenders and borrowers to access crypto in seconds. Whether you're using them for margin trading or yield arbitrage purposes, our products are customized to suit your preferences. Traders should do their due diligence when investing in financial products, and only invest based on what they can afford to lose, as all investments come with risks. 

: The above content is strictly for educational purposes only. This is not financial advice. Should traders intend to use the products, please seek professional advice before investing. This content will be used for translations. In any case of translation inaccuracy, the English version will prevail. 

Bybit Lending: A Complete Walkthrough to Crypto Lending

Grab Up to 5,000 USDT in Rewards

Grab Up to 5,000 USDT in Rewards