BYUSDT is a tokenized representation of a user's USDT Flexible Easy Earn holdings. It can be used as margin in UTA trading while continuing to earn yields. BYUSDT is designed for VIP users and improves capital efficiency by allowing the same assets to support both trading and yield generation.
BYUSDT can only be held and used as margin in UTA under Cross Margin and Portfolio Margin modes. It cannot be transferred, deposited, withdrawn, traded on Spot, used in Convert, or used with Institutional Loans, and it is not available in Isolated Margin mode.
Benefits of Holding BYUSDT
- Capital efficiency: Continue earning Flexible Easy Earn yields while using the same funds as margin in UTA trading.
- Instant liquidity: Flexible Easy Earn assets can be swapped to BYUSDT instantly and used as margin with no redemption needed.
- Securely backed: BYUSDT is 100% backed by the corresponding USDT in Flexible Easy Earn and managed within Bybit.
- Growing balance: Daily yield distributions increase your BYUSDT balance over time.
How BYUSDT Works
BYUSDT can be obtained by swapping USDT held in Flexible Easy Earn. Once the swap is completed, BYUSDT will be added to your Unified Trading Account (UTA) as available margin with a collateral value ratio of 100%. It will continue to generate yields, which are reflected as increases in your BYUSDT balance.
BYUSDT follows the same APR mechanism as USDT Flexible Easy Earn holdings, except for platform reward APR. For example, if the platform reward APR is 6.3%, BYUSDT will not be eligible for that portion, and only the base APR of 1.3% will apply regardless of the amount held.
Yields accrue hourly based on your effective holdings and only amounts held for the full hour count. Your yield is distributed daily around 12:30AM UTC to your UTA in BYUSDT. You can check your yields in Yield History.
A service fee may apply when swapping to or redeeming from BYUSDT, including during yield conversions. This service fee does not apply when converting BYUSDT to USDT for UTA repayments or during liquidation settlements. In those cases, BYUSDT will be converted to USDT at a 1:1 ratio.
How to Swap USDT Easy Earn Positions into BYUSDT
Step 1: Log in to your Bybit account and navigate to the BYUSDT page by going to Assets and tapping the banner in the middle, or BYUSDT under Asset.
Alternatively, go to the VIP page and find BYUSDT under Products for you.
Step 2: On the BYUSDT page, tap Swap BYUSDT if you already have USDT Flexible Easy Earn holdings.
A USDT Flexible Easy Earn holding is required to complete the swap. If you haven't subscribed to Flexible Easy Earn yet or your balance is insufficient, tap Invest Now to invest USDT in Flexible Easy Earn before swapping. For detailed instructions on subscribing to Easy Earn, refer to How to Get Started With Easy Earn.
Step 3: Under the Swap tab, enter the amount of USDT you wish to swap. You'll see the amount of BYUSDT you'll receive and any applicable fees. Review the details and tap Confirm.
Once the swap is completed, BYUSDT will be distributed to your UTA and automatically enabled as collateral. The corresponding USDT amount will be deducted from your Flexible Easy Earn balance.
Step 4: You can check your current BYUSDT balance and accumulated yields in the center dashboard of the page. Tap Yield History for more detailed information on yields.
How to Redeem BYUSDT into USDT Easy Earn Positions
On the BYUSDT page, tap Redeem in the middle dashboard. Under the Redeem tab, enter the amount of BYUSDT you wish to swap back to USDT. You'll see the USDT amount you'll receive and any applicable fees. Review the details and tap Confirm.
Once the redemption is completed, the USDT amount will be returned to your Flexible Easy Earn balance.
