Differences Between Bybit Earn Products

Introduction

Suitable For

Bybit Savings

Bybit Savings allows you to grow your earnings in an almost risk-free way. You can choose between flexible- and fixed-term products that offer competitive and guaranteed APRs.

— Risk-averse HODLers 

— Those Seeking Stable Yield

— Investors who want flexibility in arranging their assets (flexible term savings)

Liquidity Mining 

Bybit's Liquidity Mining refers to liquidity pools that are based on an enhanced automated market maker (AMM) model. 

You can add your liquidity to earn yield, and you can  use leverage to increase your share of the pool and maximize returns.

— Long-term yield seekers

— DeFi curious investors who would like to try AMM

— Those seeking trading opportunities in bearish or volatile markets

Dual Asset

Dual Asset is a short-term trading tool that you can use to boost your investment journey with higher returns and greater flexibility. 

Select between the two (2) Dual Asset products: Buy Low and Sell High based on your assessment of the market and accumulated USDT or other cryptocurrencies, aiming for a higher interest yield. 

— Users who are comfortable holding either USDT or the chosen crypto asset

— Users who wish to earn potentially higher yield or to accumulate alternative crypto assets in a downturn market

— In a low volatility market

ETH2.0 Liquid Staking

Participate in the Ethereum network's validation process with as little as 0.1 ETH through ETH2.0 Liquid Staking product. This offering allows you to stake your ETH on Bybit, with our system handling the minting process into stETH. You not only earn a daily yield based on your stETH holdings but also have the flexibility to use these tokens as collateral for trading on our Unified Trading Account or our Spot market. 

— Investors looking to stake their ETH tokens and earn passive income on idle assets.

— Investors who want to maintain liquidity and flexibility.

Double-Win

Bybit Double-Win is a non-principal-protected, short-term structured product crafted to traders to benefit from market movements beyond a predetermined range. If a settlement price at expiration falls within this range, the investment doesn't yield returns. However, if the price moves outside the range, traders receive a payoff.

— Traders looking for short-term returns

— Users anticipating strong market movements

— Ideal for hedging or leveraging against spikes in volatile markets

Discount Buy

Discount Buy is a non-principal protected product, designed for low-volatility markets. You have the opportunity to acquire a specific asset at a predetermined price on the settlement date, which is below the market rate at the time of order placement, should the Settlement Price fall within the Knockout Price and Purchase price.

— Ideal for HODLers 

— Investors aiming to capitalize on market stability

— Experienced traders or users with a higher risk tolerance

Wealth Management

Bybit Wealth Management allows users to grow their crypto assets through a professionally managed investment strategy by executing trades directly on the Bybit platform. You simply have to invest in a fund pool and our vendors will handle the rest. Bybit Wealth Management can be used in all market conditions and the Auto Reinvest function helps you easily reinvest your funds for higher returns.

— Users aim to diversify and grow their crypto assets

— Risk-averse traders looking to maximize profits while minimizing risks in all market conditions 

Launchpool

Bybit Launchpool allows you to stake a specific token and harvest new tokens for free. The tokens you've staked can be unstaked at any time, and the number of tokens you earn depends on the number of tokens you have staked in the pool. You may earn your staking currency and a new token simultaneously.

— Users who wish to harvest new assets. 

— Investors who desire asset flexibility.

Source of Yield

Principal Guaranteed

Bybit Savings

Yields are paid out of our platform revenue.

Yes

Liquidity Mining 

Yields are generated by providing liquidity to the Derivatives market within Bybit, managed by trusted third parties, which might include entities affiliated with Bybit. No on-chain activity is involved in the yield generation process.

No

Dual Asset

We deploy the subscribed assets to the Bybit Derivatives market via advanced strategies. Users' assets will be managed by trusted third parties, which might include entities affiliated with Bybit. No on-chain activity is involved in the yield generation process.

No

ETH2.0 Liquid Staking

When you stake ETH, our system automatically mints it into stETH at a 1:1 ratio. This stETH is then securely stored in your account and you start earning daily yields. On-chain activities are involved in the yield generation process.

Yes

Double-Win

and

Discount Buy

Your invested funds are actively managed by professional third-party investment institutions, engaging in strategic trading like Options and Perpetual contract trading within the Bybit platform. This structured approach not only hedges risks effectively but also aims to generate potential profits for our users.

No

Wealth Management

It involves entrusting the management of a user's staked assets to trusted third parties. These assets are traded in Spot and USDT Perpetual contracts using a risk-neutral strategy on the Bybit platform. 

Please note that Bybit doesn't dictate the trading strategy of the third party, it ensures that all trading activities comply with its stringent risk control conditions. Bybit Savings' yields are paid directly from Bybit's platform income and no on-chain activity is involved in the yield generation process.

No

Launchpool

Yields are paid out to users from the funds provided by Launchpool project owners.

Yes

Risks

Risk Level

Bybit Savings

— Users are not allowed to unstake their assets until the product plan ends (fixed-term savings).

— Like other cryptocurrencies in the market, the value of staked crypto assets will fluctuate with market conditions, and there is a possibility of the staked assets declining in value.

Low

Liquidity Mining 

— Impermanent loss.

— Liquidation risk if leverage is applied.

Medium

Dual Asset

— The corresponding return on asset value is not guaranteed due to price fluctuations.

— Users are not allowed to unstake  assets until the product plan ends.

High

ETH2.0 Liquid Staking

— ETH 2.0 Staking APR changes dynamically based on on-chain Ethereum staking rewards.

— Withdrawing stETH will forfeit the yield for that particular day.

Low

Double-Win

— Loss of principal if the settlement price ends up within the preset price range.

— Double-Win orders cannot be modified or canceled. Although early redemption is supported, the redemption value may vary from the initial investment amount.

High

Discount Buy

— If the settlement price falls below the purchase price, the settlement will continue based on the Purchase Price, resulting in the user acquiring the assets at a higher price.

— If the settlement price reaches or exceeds the knockout price, the user will receive the initial investment and APR (in USDT).

— Discount Buy orders cannot be modified or canceled.

Medium

Wealth Management

— Certain products in the service have lock-in periods upon subscription. This means subscription cancellation is not allowed at any time, and asset redemption is restricted until the settlement date.

— The yield will be determined by the locked-in APR at the time of subscription. Even if the APR increases post-subscription, the yield will continue to be based on the initially locked-in APR.

Low

Launchpool

— The value of staked crypto assets will fluctuate with market conditions, and there is a possibility of the staked assets declining in value.

Low