Bybit Web3 Staking Pools: Earn Up to 6.5% APR in Just 3 Steps 😎

We’re thrilled to announce the latest addition to our ecosystem — Bybit Web3 Staking Pools!

In particular, our ETH/stETH staking pool is now locked, loaded and ready for take off. Now, you have even more ways to earn passive income and grow your crypto assets with up to 6.5% APR.

What is the ETH/stETH Staking Pool

The ETH/stETH Staking Pool is the first of many Web3 Staking Pools to come. It is an Ethereum-based liquidity pool that allows users to stake their tokens and earn returns without any opportunity cost.

The pool is designed with a low slippage and low fee algorithm, and has been integrated with the Compound protocol and yearn.finance to generate more returns for liquidity providers.

Why Stake on Bybit Web3

💂🏼‍♀️ Bybit Web3 offers a secure and convenient staking experience, with just three easy steps to start earning.

✅ You can stake BTC, ETH, stETH, USDT and USDC with low slippage and low fees to maximize your returns.

🔥 Our integration with the Compound protocol and yearn.finance ensures that you earn enhanced yield as the liquidity pool generates more returns for liquidity providers.

New to staking? Learn more about staking and liquid staking here and here.

How to Stake on Bybit Web3

Staking on Bybit Web3 is as easy as 1-2-3. The ETH/stETH pool now supports five (5) tokens for single-side staking: USDT, USDC, BTC, ETH, stETH.

Note: You'll need a Bybit Wallet to proceed. If you don't have one yet, you can create one here.

Step 1: Select the ETH/stETH pool on the Web3 Staking page

Step 2: Enter your desired staking token, staking amount, and preferred network speed (and fee)

Step 3: Click Confirm to submit your request

Once your request is processed, you can sit back and watch your portfolio grow up to 6.5% APR! 🤑

Click here for a step-by-step guide on how to stake on Web3. Please note that only redemptions for ETH/stETH, ETH and stETH are currently supported.

With the Ethereum Shanghai upgrade upon us, staking on Web3 offers an exceptional opportunity for you to contribute to the growth and liquidity of the Ethereum ecosystem — all while earning passive income.

Here are some other ways you can tap on opportunities from the Shanghai upgrade:

Get Ready for the Ethereum Shanghai Upgrade: Your Essential Packing List

Wanna learn more about the upgrade? Check out our Learn articles below:

Ethereum Shanghai Upgrade: Can ETH Prices Soar Again?

Ethereum Price Prediction: How To Trade ETH Post-Merge

Providing liquidity to Staking Pools can have benefits, but there are potential risks to consider. These risks include potentially lower returns than holding individual assets, and the possibility of the value of your assets decreasing after they are added to the pool. Please carefully consider these factors before becoming a liquidity provider.