Skip to main content

Featured Story

Produced by Daniel Aharonoff & Mogul Media AI

PYUSD Loans and Tokenized Assets: A New Era in DeFi

Unleashing Potential: PYUSD Loans and Tokenized Real World Assets In a groundbreaking development within the decentralized finance (DeFi) sector, a Swiss-based platform, Backed, has emerged as a pivotal player by powering PYUSD loans through tokenized Treasury Bill ETFs. This innovative approach not only enhances the utility of PYUSD but also provides new avenues for users to earn yield on their deposits, thus reshaping the landscape of stablecoins and lending markets. The Mechanics of PYUSD Loans Depository Functionality : Users can deposit PYUSD, a regulated USD stablecoin issued by Paxos for PayPal, into a Morpho Blue vault. This vault supports two types of collateral: Backed's tokenized Treasury Bill ETFs Lido’s wstETH Yield Generation : Depositors of PYUSD earn yield by lending to borrowers who take out loans. This dual engine mechanism—an innovative blend of real-world yields and crypto rewards—optimizes returns across varying market conditions. Tokenized Rea
Post a Comment
Read more
Produced by Daniel Aharonoff & Mogul Media AI

Bybit Card Launches Exciting Rewards Program for Crypto Card Holders

As cryptocurrency continues to gain popularity and widespread adoption, cryptocurrency exchange Bybit has launched an enticing rewards program for its Bybit Card. This new program is designed to attract holders of other crypto cards and incentivize them to make the switch to Bybit Card. With a range of bonuses and benefits on offer, Bybit is positioning itself as a top choice for crypto card users.

Rewards Program Details

The Bybit Card rewards program is offering the first 10,000 users up to $25 in card bonuses for crypto card holders who choose to switch to Bybit Card. Here are the key details of the rewards program:

  1. Application Bonus: Users who apply for a Bybit Card through the landing page will receive $10 for a successful application.

  2. Transaction Bonus: After the first successful transaction with the Bybit Card, users will unlock an additional $5.

  3. Deposit Bonus: Depositing at least $100 for the first time on the Bybit exchange will unlock an additional $10.

  4. Referral Program: Bybit Card also offers a referral program. Referrers will receive a 20 USDT airdrop for each referral after their first transaction, while referees will get 10 USDT after their first transaction.

  5. VIP Tier Benefits: Referring new users also unlocks VIP tier benefits. VIP1 card benefits are unlocked after five referrals, VIP2 after 20 referrals, and VIP3 after 50 referrals. VIP card benefits include escalating tiers of reward points and a higher reward points cap.

  6. Trading Pack and Social Media Pack: VIP users also enjoy access to rebates through the Trading Pack and Social Media Pack. The Trading Pack offers rebates on subscriptions to professional trading tools, while the Social Media Pack offers rebates on subscriptions to Telegram Premium and X Blue.

Bybit Card Features

The Bybit Card is a crypto debit card that enables users to spend funds directly from their Bybit account in any location where Mastercard Debit is accepted. Here are some notable features of the Bybit Card:

  1. Supported Cryptocurrencies: The Bybit Card supports popular cryptocurrencies such as Bitcoin, Ethereum, XRP, and the USDT and USDC stablecoins.

  2. No Fees: The Bybit Card offers benefits such as no annual, inactivity, or card cancellation fees, providing users with a seamless and cost-effective experience.

  3. ATM Withdrawals: Cardholders can make ATM withdrawals of up to $2,000, ensuring convenient access to their funds.

With its attractive rewards program and a range of benefits, the Bybit Card is positioning itself as a leading option for crypto card users. Bybit's commitment to providing a user-friendly and rewarding experience sets it apart in the competitive cryptocurrency exchange market. Whether you're a seasoned cryptocurrency enthusiast or a newcomer to the industry, the Bybit Card offers a convenient and rewarding solution for managing and spending your digital assets.

Email Post

Comments

Post a Comment

Trending Stories