What is Bybit EU Reward Services?
Bybit EU Reward Services is a product on the Bybit EU Earn platform, designed to help anyone start earning from their idle crypto assets. You can choose between Flexible Term products, that tend to offer more flexibility, and Fixed Term options, for which higher Annual Percentage Rates (APR) are typically offered. Currently, BTC, ETH, USDC and other popular coins are supported.
What are Flexible Term and Fixed Term products?
Flexible Term: The Flexible Term products allow you to earn daily yields while retaining flexibility and liquidity over locked assets. There is no lock-up period, which means you're able to request redemption of your assets at any time.
Yields are calculated on an hourly basis on the type and amount of asset invested and are automatically credited to your Funding Account daily at 12:30 AM UTC. Please note that the APR is a floating rate and may vary depending on the asset and market conditions.
Fixed Term: The Fixed Term products typically provide higher APR in exchange for locking up your assets for a set period, with predetermined redemption dates. Yields are generated through Savings (loan activities). More details are available on the product page.
Both the APR and term duration are fixed at the time of subscription. Your principal and yield will be automatically credited to your Funding Account on the yield distribution date at 12:30 AM UTC.
Are there any subscription amount limits?
Yes, the minimum and maximum subscription amounts vary by asset. You can view the specific limits when placing an order. Please note that your subscription amount cannot exceed the maximum limit or the remaining pool size, whichever is lower.
How does a drop in market price affect my expected returns?
For Flexible Term products, your return is determined by a dynamic APR that fluctuates with market conditions. The displayed APR is a live estimate, and the final amount of tokens you earn is not guaranteed.
For Fixed Term products, the APR is locked at the time of subscription, meaning the exact number of tokens you will earn is fixed.
Please note that for both products, your initial deposit and any generated returns are calculated and paid strictly in tokens, whose actual fiat value (e.g., in EUR) is subject to high market volatility and may drop significantly.
Is Identity Verification required for Reward Services?
Yes, to invest in Reward Services, you'll need to complete at least Standard Individual Identity Verification or Business Verification. You can complete the verification here. For more details, please refer to the following articles:
Which type of account can I use for Reward Services?
- Subscription: You can subscribe to Flexible Term and some Fixed Term products by using either your Unified Trading Account (UTA) or Funding Account. Please refer to the specific product page for availability.
- Redemption:
- For Fixed Term products, your principal and yield will be credited together to your Funding Account at maturity.
- For Flexible Term products, you can request to redeem your principal to either your UTA or Funding Account. However, yields are always credited to your Funding Account. For example, if you redeem your principal to your UTA, the yield will still be credited to your Funding Account.
Can I invest in Reward Services products using Subaccounts?
Yes, you can invest in both Flexible and Fixed Term products using Subaccounts.