Bybit, a virtual currency exchange, provides access to spot, futures, NFT, and staking markets as well as an asset management service called liquidity mining. By using this, you can earn a set yield just by depositing your assets. Please note that, of course, no investment is 100% perfect, so we cannot guarantee that you will make a profit.
Overview of liquidity mining
Liquidity mining is one of the services provided by Bybit Asset Management. Users have the potential to earn profits just by depositing their assets. No complicated trading techniques are required. However, as explained above, the value is fluid and fluctuates at the time of settlement, so we do not guarantee that you will earn 100% of the reward. Loss of principal is also possible. Please note the following points. Check out our frequently asked questions and terms of use.
automatic operation
Since liquidity mining is automated, difficult techniques and knowledge are no longer required. Profitability can be secured by automatic operation. In liquidity mining, you can earn an annual interest rate of 5 to 20% or more just by depositing the specified currency.
| Bank | liquidity mining | |
| annual yield | 0.001％〜0.11% | 0.9％〜38.1％ |
| Account opening conditions | Yes | No |
| Impermanent Loss | No | Yes |
| flexibility of time | during business hours | anytime |
Impermanent Loss
Impermanent loss refers to a change in the power relationship between two assets included in a position, resulting in a rebalance and a final loss. Due to these risks, it is not always possible to win. When investing, you may lose your principal and may be forced to take a loss cut.
leverage
It is possible to apply leverage in liquidity mining. Liquidity mining allows up to 3x leverage. However, this leverage also comes with risks. If the price drops sharply, you will lose.
1 type of token
Bybit’s liquidity mining is designed so that if you deposit one type of token, it will automatically convert half to the other currency. Therefore it is very comfortable.
liquidation risk
With leverage, there is risk. When you use leverage, you are spending more money than you own. There is a risk of liquidation due to currency depreciation. If liquidation occurs, you will lose all your own funds.
Compatible with 9 types
Liquidity mining currently supports the following nine types.
| BTC/USDT | 3.5%～10.5% |
| ETH/USDT | 7.8%～23.4% |
| BIT/USDT | 2.5%～7.6% |
| AVAX/USDT | 15.0%～45.1% |
| DOGE/USDT | 29.4%～88.3% |
| DOT/USDT | 12.6%～37.8% |
| MATIC/USDT | 16.7%～50.3% |
| SOL/USDT | 22.0%～66.1% |
| XRP/USDT | 5.3.%～16.0% |
No need to look at charts
The good thing about liquidity mining is that there is no need to watch charts all day like discretionary traders do. It will operate automatically, so you can leave it alone. Therefore, it is not an investment method that requires trading techniques, so you can deposit your money with great peace of mind.
Cancellation is possible at any time
The good thing about liquidity mining is that you need to deposit money, but it has the advantage that you can release it at any time. There is no lock period, and unlike staking, there is a high degree of freedom, so users can unlock it at any time at their discretion.
You can deposit even small amounts.
With liquidity mining, you can start with a minimum investment of around $100 for all stocks. Therefore, you can start with an extremely small amount, so there is almost no risk. Anyone can easily start asset management.
KYC
In order to participate in liquidity mining, you must be at identity verification level 1 or higher. Anyone with identity verification level 1 will be able to participate.
How to start liquidity mining
To start liquidity mining, you must first open an account at an exchange. The details are explained below, so please complete the account opening first. The market is volatile, so be careful when placing orders and depositing. Even in finance, virtual currency derivatives have high volatility and may undergo large fluctuations, so be sure to check the news when holding them for either the long or short term. useful.
After that, please log in first. Select “Finance” → “Asset Management” → “Liquidity Mining”.
Please select liquidity mining from the asset management item in the upper menu. Press the Add button for the item you want to provide liquidity.
Finish by entering the funds information used to provide liquidity. Just press the add button and you’re done. Earnings will be transferred automatically. However, virtual currencies fluctuate, so there is risk and you may incur losses. Please note that you may not necessarily be able to get a yield and there may be a disadvantage that you may lose your principal.
Pool selection: Select currency pair
Currencies Under Pool: Select Pairs or Single Currencies
Quantity: Adjusted to be a 1:1 price ratio
Leverage: Set when applying leverage
How to end liquidity mining
The way to terminate liquidity mining is simple. You can cancel by accessing the liquidity mining page, selecting the “Liquidity” tab, and clicking [Delete]. The screen will change and you can cancel by clicking [Delete liquidity]. Liquidity mining is finished and you can receive your virtual currency.
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