Bybit Increases BTC On-Chain Earn Yield to 1.2% via Function

Bybit has upgraded its On-Chain Earn program in collaboration with Function (FBTC), raising the annualized yield for BTC staking to 1.2% from the previous 0.8%. The program features a 45-day fixed term with a personal subscription limit of 200 BTC. Users can opt for automatic renewal upon maturity, allowing principal and interest to roll over into the next cycle. Participation requires Level 1 KYC verification, and early redemption is not permitted during the staking period.