Bybit Launches LBTC On-Chain Earn Party Featuring 100,000 BARD Token Prize Pool

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Coindoo

2025-11-17 16:01

Ai Focus

Dubai, UAE, 17th November 2025, Chainwire

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17 November 2025

16:01

Dubai, UAE, November 17th, 2025, Chainwire

Bybit, the world’s second-largest Cryptocurrency

Cryptocurrency is a modern digital asset and method of exchange that relies on blockchain technology and is protected by cryptography, ensuring the assets can't be forged. Essentially, cryptocurrencies serve as alternatives to traditional currencies like the euro, dollar, yen, and others. Unlike electronic bank money, the key distinction is that cryptocurrency operates in a decentralized system, with no central authority controlling it.

" >cryptocurrency exchange by trading volume, is thrilled to announce the launch of the LBTC On-chain

Transactions that are recorded and verified on the blockchain.

" >On-Chain Earn Party, a limited-time event celebrating the debut of LBTC on its On-Chain Earn platform. The campaign offers participants the opportunity to share a prize pool of 100,000 BARD tokens by minting new LBTC during the promotional period.

The event runs from November 14, 2025, at 10:00 a.m. UTC through December 13, 2025, at 11:59 p.m. UTC. Eligible participants who stake BTC to mint LBTC through Bybit On-Chain Earn during this time will be included in hourly snapshots used to determine their share of the BARD rewards.

LBTC, or Lombard Staked BTC, is a liquid staked Bitcoin (LST) issued by Lombard Finance and backed 1:1 by Bitcoin. Supported by a decentralized alliance of 14 major digital-asset institutions, LBTC holds a 60 percent share of the Bitcoin LST market, making it the largest in the category. Its yield is generated via Babylon Labs’ Bitcoin Staking

Staking involves actively participating in transaction validation (similar to mining) on a PoS-based blockchain. Users who hold the minimum required balance of a specific cryptocurrency can validate transactions and earn rewards. These rewards are set by the network and are then sent to the user’s wallet.

" >Staking Protocol, which enables holders to earn staking rewards while preserving the value of their underlying BTC.

Bybit’s integration of LBTC aims to simplify on-chain Bitcoin staking by removing technical barriers. The exchange provides users with direct BTC-to-LBTC minting and LBTC-to-BTC redemption, allowing them to maintain Liquidity

The ability to quickly convert a digital currency or token into another asset or cash without affecting its price.

" >liquidity while participating in staking activities. Both retail and institutional users can benefit from this streamlined experience through Bybit’s centralized exchange interface.

During the campaign, only newly minted LBTC amounts—calculated as total minted minus total redeemed—will be eligible for reward snapshots. The daily balance is determined by the lowest hourly snapshot within each 24-hour period. All BARD token rewards will be distributed to participants’ Funding Accounts three days after the event concludes.

Disclaimer: Participation requires completion of Bybit’s Level 1 Identity Verification. The event is subject to the platform’s Terms of Service, and certain jurisdictions may be restricted from participation in accordance with regulatory guidelines.

#Bybit / #CryptoArk / #IMakeIt

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