Bybit launches an LBTC on-chain earning event, where users can participate to share a prize pool of 100,000 USDT.

Odaily Planet Daily reports that to celebrate the launch of LBTC on Bybit's on-chain earning platform, the platform is launching a month-long event. Starting today, Bybit users can earn extra annualized rewards by staking BTC to mint LBTC and participate in a prize pool of 100,000 USDT (issued in BARD).

Event period: November 14, 2025, 10:00 AM (UTC) – December 13, 2025, 11:59 PM (UTC)

About LBTC: LBTC is issued by Lombard Finance and backed by the Babylon Labs protocol. It is pegged 1:1 to real BTC and currently has a market share of approximately 60%.

Bybit users can complete staking, minting, and redemption operations in one stop, without the need for additional wallets or cross-chain processes. Through LBTC, BTC holders can obtain on-chain staking rewards while fully releasing asset liquidity.