Bybit Launches First CEX-Integrated Liquidity Farm on Bybit Alpha

  • The new liquidity farm enables qualified Bybit users to become liquidity providers (LPs) and get access to a variety of on-chain yield opportunities.
  • The first CEX of its kind to provide integrated liquidity farming without the need for private key management or external wallets.

Bybit, the second-largest cryptocurrency exchange in the world based on trading volume, is thrilled to announce the debut of the first centralized exchange (CEX) integrated liquidity farm on Bybit Alpha. By allowing users to engage in on-chain yield farming straight from their Bybit accounts—no wallet or key setup, no gas fees needed—this innovative functionality removes conventional DeFi obstacles.

Using the Concentrated Liquidity Market Maker (CLMM) concept, the new liquidity farm enables qualified Bybit users to become liquidity providers (LPs) and get access to a variety of on-chain yield opportunities with previously unheard-of simplicity and efficiency without ever leaving the CEX.

Locking in DeFi Opportunities on the CEX

“Bybit Alpha’s liquidity farm represents a paradigm shift in how users access decentralized finance (DeFi),” said Emily Bao, Head of Spot at Bybit and Founder of Byreal. “By removing the technical complexity that has traditionally kept mainstream crypto users away from DeFi, we’re opening the door for millions to participate in new DeFi yield opportunities.”

Key Features and Benefits

  • Industry-First Integration: The first CEX of its kind to provide integrated liquidity farming without the need for private key management or external wallets.
  • High Yield Potential: Annual percentage yields (APY) might be anywhere between 100% and 600%, depending on trading activity and pool incentives.
  • Smart Earning Mechanism: Users may earn trading fees based on their share of active liquidity by directly staking from their Bybit Unified Trading Account (UTA), which provides on-chain liquidity.
  • Unmatched Flexibility: Users have complete control over their positions and are free to deposit and withdraw at any moment.
  • Advanced Asset Screening: Bybit Alpha’s stringent risk controls and early access to high-potential tokens are additional advantages for users.

How It Operates

By allowing LPs to invest their assets within certain price ranges rather than distributing them over all potential prices, CLMM revolutionizes the way LPs make money. Trading fees, which are allocated proportionately according to each LP’s share of active liquidity at the precise price of each transaction, are the main source of earnings. Capital efficiency and strategic positioning are rewarded by this dynamic earning model.

Bybit Alpha’s liquidity farm is easy to get started with. To stake and farm, users just need to choose among pools that support USDT, USDC, SOL, or bbSOL from their Bybit UTA. Users may convert their idle assets into a source of passive income after deciding on their pricing range and capital amount.

Users have the ability to redeem their holdings at any moment and earn returns in USDT, USDC, SOL, or bbSOL. With real-time position monitoring accessible on the Alpha Assets page, Bybit Alpha offers a high degree of transparency, enabling customers to keep a close eye on performance and make wise choices.

Registration is required. Terms and conditions apply. Users may visit The first CEX Liquidity Farm: Explore farming and other DeFi options on Bybit Alpha for information on eligibility and qualification requirements.

Source: https://thenewscrypto.com/bybit-launches-first-cex-integrated-liquidity-farm-on-bybit-alpha/