What is Bybit Launchpool?

Bybit Launchpool allows you to simultaneously stake multiple crypto to earn project tokens for free, and the staked tokens can be redeemed at any time. Launchpool supports various tokens for staking such as MNT, USDT, USDC, project tokens, etc., depending on the specific project. The Terms and Conditions for the Bybit Launchpool shall be reviewed and updated regularly.

Who is eligible for Bybit Launchpool?

Only users who have completed the Individual Identity Verification requirement are eligible. Please note that enterprises do not qualify for the event. You can click here to complete the verification. Institutions and users from restricted countries/regions are not allowed to participate.

How can I participate in Bybit Launchpool?

Simply go to the Launchpool homepage and click on Register to participate in the relevant project. After successful registration, you can proceed to stake and earn tokens for the selected project.

Can Subaccounts participate in Launchpool?

No, Subaccounts cannot participate.

How is my daily yield calculated?

The system will take a snapshot of the user's staked amount at a random minute of every hour during the staking period, and calculate the user's average staked amount daily based on the snapshots taken during the day. The random minute used in the snapshot will be revealed daily after 12 AM (midnight) UTC.

 

The user's daily Launchpool yield will be automatically calculated based on the proportion of their average staked amount relative to the total staked amount of all users.

 

For example, if Bob stakes a USDT token to earn a new token β:

Bob's daily β yield = (Bob's average daily staked amount in the USDT pool / total staked amount of all participants in the USDT pool) × daily β reward pool.

 

Daily random hourly snapshot example:

Assume that Bob staked 1,000 USDT at 8:30 AM UTC on Oct 31 and did not make adjustments until 12 AM (midnight) UTC on the following day, Nov 1.

The system's hourly snapshots on Oct 31 were taken at the 20th minute of every hour. Bob's daily average staked amount would be recorded as follows:

12:20 AM UTC: 0 USDT

1:20 AM UTC: 0 USDT

2:20 AM UTC: 0 USDT

...

8:20 AM UTC: 0 USDT

9:20 AM UTC: 1,000 USDT

10:20 AM UTC: 1,000 USDT

...

10:20 PM UTC: 1,000 USDT

11:20 PM UTC: 1,000 USDT

The daily average staked amount based on hourly snapshots = [(0 × 9) + (1,000 ×15)] / 24

= 625 USDT.

When will I receive my Launchpool yields?

After the system calculates the daily average staked amount for all users, the rewards will be distributed to the user's Funding Account within a few hours after 12 AM (midnight) UTC each day. Please note that there may be a slight delay in the distribution of yield. You will only receive a yield if it’s greater than or equal to $0.01 equivalent.

How can I check the snapshot results/snapshot time?

In the initial phase of Launchpool, we will announce the previous day's random hourly snapshot times for specific Launchpool projects through the live chat window after the daily snapshot ends. We will continue to optimize the display to provide a better experience for all users.

How can I check my staked amount?

You can view your Current Staked Amount in the Launchpool staking history. The current staked amount refers to the amount staked in the token pool at the time of checking, and it is not the same as the snapshot result.

I am a VIP user. Are there any additional advantages when participating in Launchpool?

VIP users participating in Launchpool will enjoy a higher estimated Annualized Percentage Rate (APR). For specific differences in the estimated APR, please refer to the respective product landing page.

When can I unstake the tokens I've staked?

Your staked tokens can be unstaked anytime. They will be automatically credited to your Funding Account immediately once unstaked. To unstake, please head to the staking records on the Launchpool page.

Can I unstake the tokens I've staked once the staking period ends?

No, once the staking period ends, the Unstake button will be unavailable, and your staked amount will be returned automatically. Please note that there may be a slight delay in returning your staked amount.

Can I compound my yield?

Currently, compounding is not supported. Your daily yield will not be reinvested automatically to generate additional yield. Instead, you must make a new deposit manually on the Bybit Launchpool. However, unstaking will affect your average staked amount, reducing the yield you receive.

How is the estimated APR calculated?

The estimated Annualized Percentage Rate (APR) is the sum of the estimated APR from each pool, which is derived from the total number of tokens staked to the pool by all respective participants. Please note that the higher the total number of tokens staked to a pool, the lower its estimated APR will be.

How can I participate in the "Launchpool Referral" to earn rewards?

During the new Launchpool event, you can generate your exclusive invitation link code by clicking on Share. Friends who register and participate in the Launchpool project using your invitation link/code during the event period will be considered successful referrals for the new Launchpool event.

 

Each successfully referred friend can bring you additional rewards at the end of the Launchpool event. The rewards will be airdropped to your Rewards Hub after the end of the Launchpool event and you can claim them through your Rewards Hub. Please refer to the details on the Launchpool page for the breakdown of rewards.