Bybit RLUSD Rewards Jump to 21.5% APR in Ripple’s Phase 2 Push

Bybit is sweetening its offer for XRP and RLUSD holders. The exchange has rolled out the second phase of its RLUSD Hold & Earn program in collaboration with Ripple, giving users a way to collect daily payouts just for holding the stablecoin. The updated Bybit RLUSD rewards structure now offers an annual percentage rate of up to 21.5%, with no staking commitments or lock-up periods standing in the way.

Key takeaways

• Bybit launched RLUSD Hold & Earn Phase 2 in partnership with Ripple, offering daily rewards in both XRP and RLUSD.
• The program now offers up to 21.5% APR, with no staking or lock-up requirements to participate.
• Holding RLUSD for a longer stretch could potentially double a user’s earnings under the program.
• The initiative is designed to boost liquidity and user engagement around Ripple’s RLUSD stablecoin.
• The first phase of the program had already surpassed $50 million in assets under custody, according to a release distributed via PR Newswire, setting the stage for the expanded second phase.

Bybit Launches RLUSD Hold & Earn Phase 2 With Ripple

Bybit’s RLUSD Hold & Earn Phase 2 builds directly on a first phase that already pulled in more than $50 million in assets under custody, according to a PR Newswire release. That early traction appears to have convinced both Bybit and Ripple that a bigger push was worth making. The Bybit Ripple partnership now centers on rewarding users simply for parking RLUSD on the exchange, rather than requiring them to lock funds away or commit to fixed terms.

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