Dubai, United Arab Emirates, September 17th, 2024, Chainwire

Bybit Web3, the Web3 arm of Bybit, is thrilled to announce its participation in the World Series of Trading (WSOT) 2024, the world’s longest-running crypto trading competition. From Oct. 1 to Oct. 30, 2024, the WSOT 2024 DEX Wave will challenge participants to trade on-chain as part of their push to win big in the WSOT competition. It also marks the world’s first DEX talent competition by democratizing the space, inviting participants to choose the next Web3 star project from an astounding lineup of over 100 groundbreaking initiatives all on one arena.

For event details, users can visit here: Calling All Web3 Projects: Shine in WSOT DEX Wave!

Ride the DEX Wave with 100+ DeFi Partners Across Top Chains and Tracks

The WSOT 2024 seamlessly integrates Bybit Web3’s DEX Pro platform, enabling participants to tap into a vast array of DeFi projects and tokens. From memecoins and DeFi to GameFi and beyond, this in-depth trading journey is powered by over 100 innovative partners and pioneering decentralized initiatives like Yescoin, Bonk, Citizen, Navi Protocol, Blackcardcoin, and Character X. With the largest number of ecosystem partners in the sector, the DEX Wave chapter of this year’s WSOT gives the Web3-curious a snapshot of what Bybit Web3 has to offer. 

The frictionless experience of trading on centralized (CEX) and decentralized (DEX) portals on Bybit brings together the depth of centralized platforms with the autonomy and diversity of decentralized exchanges, offering WSOT participants the chance to trade in the most exciting markets in the world. It’s more than just a competition — it’s an invitation to experience the entire blockchain ecosystem.

Crown Next Web3 Star and Share a 1,000,000 MNT Prize Pool: the First Web3 Idol Competition

Capturing the best of emerging Web3 projects, the inaugural WSOT DEX Wave puts the emphasis back on the community by introducing a voting mechanism. As traders compete in the DEX Waves competition, they earn points, which they can use to vote for their favorite Web3 projects. Participants will share a 1 million MNT prize pool through interacting with the projects and taking a chance at a lucky draw. The traders with the highest point scores can enter a daily draw to win a share of a 200,000 MNT prize pool.

The Web3 projects that win the most votes will receive extra support from Bybit, including CEO mentorship, prime listing opportunities and marketing support.Together, the WSOT community and Bybit are shaping the future of Web3 to bring out the potential of rising stars in Web3 and building the trading infrastructure necessary for the decentralized financial system. 

“The DEX Wave is an invitation to be part of the future,” said Emily Bao, Head of Web3 at Bybit. “In the rapidly evolving landscape of Web3, this event is our way of empowering traders to discover, engage, and excel in the decentralized economy. The stakes are high, but the rewards are even higher. We’re excited to see who will rise to the challenge.”

For more information, users can visit WSOT 2024 DEX Wave and prepare to embark on an unforgettable journey.

#Bybit / #TheCryptoArk / #WSOT2024

About Bybit

Bybit is the world’s second-largest cryptocurrency exchange by trading volume, serving over 40 million users. Established in 2018, Bybit provides a professional platform where crypto investors and traders can find an ultra-fast matching engine, 24/7 customer service, and multilingual community support. Bybit is a proud partner of Formula One’s reigning Constructors’ and Drivers’ champions: the Oracle Red Bull Racing team.

For more details about Bybit, users can visit Bybit Press. 

For media inquiries, users can contact: media@bybit.com

For more information, users can visit: https://www.bybit.com

For updates, users can follow: Bybit’s Communities and Social Media

Discord | Facebook | Instagram | LinkedIn | Reddit | Telegram | TikTok | X | Youtube

Contact

Head of PR
Tony Au
Bybit
tony.au@bybit.com

New York, NY, September 17th, 2024, Chainwire

• tBTC on EigenLayer offers users new restaking opportunities to earn rewards as Bitcoin demand outpaces other crypto markets 
• EigenLayer’s adoption of tBTC spotlights tBTC’s role as one of the most decentralized assets for securely growing the BitcoinFi ecosystem 

Threshold Network, the DAO behind tBTC, the first decentralized asset bridging Bitcoin and Ethereum, announced that EigenLayer, the restaking protocol built by Eigen Labs, has officially started accepting tBTC deposits, making tBTC the first incentivized bitcoin asset on EigenLayer.

Threshold’s integration with EigenLayer underscores the BitcoinFi community’s outpaced demand for staked Bitcoin—a major shift towards maximizing the full earning power of Bitcoin for users,” commented MacLane Wilkison, Contributor to Threshold. “It is a testament to tBTC’s strength in securing the BitcoinFi ecosystem through the diversification of assets available. To date, leading protocols including Curve, GMX, and Compound, among others, have integrated the asset for its flexibility as one of most decentralized wrapped assets on the market.” 

The Threshold Network DAO, which governs tBTC, offers incentives of up to $45K in T over the first 3 months for new users who deposit tBTC into EigenLayer. With Eigenlayer, users have a new way to maximize capital efficiency: opting in to secure additional protocols through restaking. This method strengthens economic security by leveraging Bitcoin’s stability—an asset that accounts for over 50% of the total crypto market cap—and merging its long-term non-inflationary nature with the Proof of Stake (PoS) consensus model. Notably, restaking just 7% of Bitcoin’s total supply would provide the same level of economic security as Ethereum, underscoring Bitcoin’s potential as a PoS asset.

“The inclusion of Threshold’s tBTC as a restakeable asset on EigenLayer is another major step forward towards open innovation by building connectivity with the bitcoin ecosystem, broadening the scope of assets that can contribute to securing decentralized networks, and providing greater optionality and utility for AVSs and restakers,” stated Sreeram Kannan, Founder and CEO of Eigen Labs.

Following the emergence of Bitcoin staking projects like Babylon, Lombard, and Acre, EigenLayer’s adoption of tBTC is a testament to the power of Bitcoin restaking in incentivizing users to put Bitcoin to use beyond a store of value. tBTC’s ability to bridge the Bitcoin and Ethereum ecosystem makes it the optimal solution for driving the development of the BitcoinFi ecosystem. 

About Threshold Network:  

Threshold Network offers decentralized cryptography services that enhance privacy and security on public blockchains by distributing operations across independent nodes. Powered by the T token, users can stake and operate nodes to support key services like tBTC, a Bitcoin bridge, and TACo, an access control tool. By minimizing reliance on centralized entities, Threshold ensures trustless, secure, and privacy-focused solutions for decentralized applications in the evolving Web 3.0 landscape. To learn more, please visit: https://threshold.network/  

About EigenLayer: 

EigenLayer is a protocol built on Ethereum that pioneered restaking, a new primitive in cryptoeconomic security. Through a system of interconnected smart contracts, any ERC-20 token, such as tBTC, can be “restaked” to participate in not one, but any number of Actively Validated Services (AVSs) in exchange for fees and/or rewards. Operators opt into these opportunities by running additional node software and in some cases grant the EigenLayer smart contracts the ability to impose additional slashing conditions on their assets as specified by the AVS. 

Contact

M Group on Behalf of Threshold
tkaufmann@mgroupsc.com

Staking is among the most popular ways through which passive income is generated in the crypto space. It presents investors with the opportunity to increase their holdings by locking up their assets in a Proof of Stake network. In the wake of the evolution of staking, crypto staking platforms with high APYs have grown in appeal. The best among them is STAKING AI, which does not only offer high APY but superior benefits and rewards for both advanced crypto investors and complete newbies. Some of the top 4 crypto staking platforms include the following:

1. STAKING AI
2. Kraken
3. Binance.US
4. Coinbase

1. STAKING AI: Best Overall Crypto Staking Platform

STAKING AI revolutionized the staking market by offering a high-yield, user-friendly, and highly secure staking environment. From crypto newbies to serious investors, STAKING AI provides a seamless experience with high APY in many different types of cryptocurrencies. With a mission to make staking easy for one and all, STAKING AI secures your assets and gets you regular rewards with minimal hassle.

Why Choose STAKING AI?

Free $100 Staking Bonus: STAKING AI welcomes its new users by offering them an instant $100 bonus to get started with your staking journey.

Rich Variety in Staking Pools: STAKING AI supports a wide variety of staking pools, including premium assets such as Ethereum, Solana, and Polygon, among others. The staking amount ranges from $100 to $300,000, while APY gives consistent returns day in and day out.

Referral Commissions: Earn by referring friends. You earn a 4% commission with every successful referral, earning from the Staking activity of your referrals to further maximize your profits.

Flexible Staking Plans: STAKING AI offers a range of plans that can cater for either short-term or long-term gains, depending on one’s investment goal.

Liquid Staking: Keep your assets liquid even in the event of staking. STAKING AI works with leading liquid staking providers to ensure, at all points in time, the availability of funds for you while you continue to earn rewards.

Getting Started with STAKING AI

Quick Registration: Sign up with your email, username, and referral code if you have one. New users get daily free staking opportunities.

Staking Plan Selection: Choose from the best available staking plans for the cryptocurrencies, which include an Ethereum staking pool giving as much as $6,000 daily in returns.

Reward Earning: STAKING AI settles rewards in your account balance every 24 hours to make real-time earnings a guarantee.

Infrastructure and Security

STAKING AI works with world-class infrastructure, ensuring 24/7 uptime for validator nodes and protection of the assets in custody. It has gained over 630,000 stakers’ trust and $1.7 billion in value staked, which consolidated its spot among the leaders of this market.

2. Kraken

Kraken is also one of the most popular staking platforms since it is very secure and friendly. Kraken offers staking functionalities for most PoS assets such as Ethereum, Polkadot, and Solana. With one of the highest APYs on most assets, Kraken sports a friendly interface, making it perfect for new investors of staking.

Kraken Features:

APYs: Kraken often offers competitive staking rates. The rates usually sit in the range of 6-12%, depending on the asset.

Security: Kraken is one of the most trusted crypto exchanges and provides the best security features to safeguard the staked assets.

Ease of Use: The interface at Kraken is pretty intuitive to use and allows users to start staking quickly with hardly any technical knowledge.

3. Binance.US

Binance.US is the American arm of Binance, a worldwide cryptocurrency exchange giant. Binance.US allows users to stake some but not all cryptocurrencies in the U.S. at competitive APYs.

Binance.US Features

High APYs: Depending on the asset and duration of staking, the APY of staking on Binance.US could be as high as 20%.

Liquidity: Just like STAKING AI, Binance.US also offers flexible staking, whereby users can stake and unstake assets with minimum restrictions.

4. Coinbase

Coinbase is among the most trusted names within the crypto space. The platform boasts excellent regulatory compliance, and its intuitive layout makes this service an excellent choice for investors who value security.

Coinbase Features:

Ease of Use: Coinbase is a great starting point for users who aren’t exactly experts at staking. It has step-by-step guidelines with minimal complexity.

APYs: APY staking on Coinbase is usually low compared with that of other platforms, like STAKING AI, Binance.US, and Kraken.

Security: Being a United States-regulated exchange, it is very secure and reassuring for customers.

Conclusion: Why STAKING AI Keeps the First Place

While staking services provided by Kraken, Binance.US, and Coinbase are good, STAKING AI has the best rewards, the most flexible plans, and referral bonuses. STAKING AI offers high APYs, a $100 sign-up bonus, and lifetime referral commissions to create a leading platform for crypto investors to maximize their earnings.

If you’re a novice to staking or an accomplished investor, why settle for anything less when STAKING AI can offer the best? Stake with STAKING AI today and unlock your crypto assets to their full potential.