Key Points
- Bybit Web3 has initiated a new campaign named Babylon Season to enhance the Bitcoin ecosystem.
- The initiative offers users opportunities to earn rewards through innovative staking and swapping features.
Bybit Web3, the decentralized division of Bybit, a leading global cryptocurrency exchange, has announced the launch of a new initiative named Babylon Season.
The campaign, which will run until September 20, 2024, aims to boost the Bitcoin ecosystem by providing users with unique opportunities to earn rewards through innovative staking and swapping features on both Ethereum Virtual Machine (EVM) and Mantle chains.
Broadening Opportunities in the Bitcoin Ecosystem
The Babylon Season initiative is based on partnerships with six prominent cryptocurrency projects: PumpBTC, Solv, B2 Network, pSTAKE, Bedrock, and Babypie.
These projects will offer special rewards and incentives to participants, making Babylon Season one of the most diverse and rewarding campaigns in the Web3 space.
Bybit Web3 aims to provide the widest access to on-chain protocols and assist users in maximizing their Bitcoin holdings through these collaborations.
Emily Bao, a Web3 advocate at Bybit, emphasized the campaign’s objectives, stating, “Babylon Season is all about enhancing the Web3 experience and making it more rewarding and accessible.
Partners in the initiative share this enthusiasm. J, Co-founder of PumpBTC, noted that Babylon Season represents a significant advancement for Bitcoin.
In the decentralized finance (DeFi) space, Ryan Chow, Co-founder of Solv Protocol, highlighted the importance of this campaign for expanding Bitcoin’s role in DeFi.
Varied Rewards for Users
Babylon Season offers a range of rewards to cater to different types of users.
For example, PumpBTC offers double points for even small Bitcoin stakes, while Solv Protocol provides a 20% boost on Solv XPs.
Other partners, like B2 Network and pSTAKE Finance, offer significant token rewards without requiring a minimum stake.
These incentives reinforce Bybit Web3’s commitment to making the Bitcoin ecosystem more inclusive and profitable for all participants.
The integration of support for both EVM and Mantle chains ensures that users can seamlessly transition between different blockchain environments.
This dual-chain capability allows for more diversified investment strategies and maximizes the potential returns on Bitcoin holdings.
As Babylon Season progresses, the initiative is expected to set new benchmarks for user engagement in the Web3 space.
About Bybit
Bybit, founded in 2018, is one of the largest cryptocurrency exchanges globally, ranking second by trading volume.
The platform supports over 40 million users, offering fast and efficient trading through its ultra-fast matching engine.
Bybit is recognized for its 24/7 customer service and multilingual support, catering to a diverse global community.
In addition to its core trading services, Bybit is also a proud partner of the Oracle Red Bull Racing team, reflecting its commitment to excellence and innovation both in the financial world and beyond.
