Bybit increases BTC staking yield to 1.2% APR through Function partnership

Bybit, the world’s second-largest cryptocurrency exchange by trading volume, has partnered with Function (FBTC) to upgrade its BTC staking Vault product. The upgrade increases the guaranteed annualized return from 0.8% to 1.2% APR, representing a 50% increase for the offering.

The new staking solution provides a guaranteed minimum return, distinguishing it from variable-rate products. Eligible users can subscribe to a fixed 45-day term with no option for early redemption, subject to a subscription cap of 200 BTC. Upon maturity, participants have the option for automatic renewal of both principal and accrued returns.

This partnership aims to expand Bybit’s presence in the convergence of decentralized and traditional finance by providing more yield opportunities for Bitcoin holders.