FAQ — Launchpool
    bybit2024-05-07 09:20:49

    Bybit Launchpool allows you to simultaneously stake multiple currencies to earn project tokens for free, and the staked tokens can be redeemed at any time. Launchpool supports various tokens for staking such as MNT, USDT, USDC, project tokens, etc., depending on the specific project. The Terms and Conditions for the Bybit Launchpool shall be reviewed and updated regularly.

    Who is eligible for Bybit Launchpool?

    Only users who have completed the individual KYC L1 requirement are eligible. Please note that enterprises are not eligible for the event. You can click here to complete the verification.

    How can I participate in Bybit Launchpool?

    Simply go to the Launchpool homepage and click on Register to participate in the relevant project. After successful registration, you can proceed to stake and earn tokens for the selected project.

    Can subaccounts participate in Launchpool?

    No, subaccounts cannot participate.




    How is my daily yield calculated?

    Your daily yield depends on the number of tokens you've staked to each pool in proportion to the total number of tokens staked to each pool by the respective participants. Once staked, your daily yield will be automatically calculated.


    Let’s assume that you’ve staked token α to earn a new token β:

    Your daily yield for β = (the amount of α you’ve staked to the α pool / total number of α staked to the α pool by the all participants) * daily β prize pool


    Calculations for your yield will start on the next day (T+1) after you’ve staked tokens, and will be deposited daily to your Funding Account starting the day after the calculation period (T+2). Please note that no yield will be generated on the day you unstake your staked tokens and your yield will be refreshed daily at 00:00AM UTC.


    Your last daily yield and staked tokens will be automatically credited to your Funding Account two (2) days after the event ends. Please note that there may be delays in the depositing of yields earned. You will only receive a yield if it’s greater than or equal to $0.01 equivalent.

    I am a VIP user. Are there any additional advantages when participating in Launchpool?

    VIP users participating in Launchpool will enjoy a higher estimated Annualized Percentage Rate (APR). For specific differences in the estimated APR, please refer to the respective product landing page.

    When can I unstake tokens I've staked?

    Your staked tokens can be unstaked anytime. They will be automatically credited to your Funding Account immediately once unstaked. To unstake, please head to the staking records on the Launchpool page.

    Can I compound my yield?

    Currently, compounding is not supported. Your daily yield will not be reinvested automatically to generate additional yield. Instead, you must make a new deposit manually on the Bybit Launchpool.

    How is the estimated APR calculated?

    The estimated Annualized Percentage Rate (APR) is the sum of the estimated APR from each pool, which is derived from the total number of tokens staked to the pool by all respective participants. Please note that the higher the total number of tokens staked to a pool, the lower its estimated APR will be.

    What is the effective staking amount?

    The effective staking amount refers to the amount of MNT and/or the new token you’ve staked that is currently being calculated for yield. Assuming that you’ve staked 100 MNT at 10:00AM UTC on Nov. 10, 2021, your effective staking amount will be updated to 100 MNT at 00:00AM UTC on Nov. 11, 2021.

    How can I participate in the "Launchpool Referral" to earn rewards?

    During the new Launchpool event, you can generate your exclusive invitation link/invitation code by clicking on Share. Friends who register and participate in the Launchpool project using your invitation link/code during the event period will be considered as successfully referred friends for the new Launchpool event. 


    Each successfully referred friend can bring you additional rewards at the end of the Launchpool event! The rewards will be airdropped to your Rewards Hub after the end of the Launchpool event and you can claim them through your Rewards Hub. Please refer to the details on the Launchpool page for the breakdown of rewards.

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