DUBAI, United Arab Emirates, January 27, 2025 /prnewswire/ – Pippitthe world’s second largest cryptocurrency exchange by trading, has introduced CMETH to its platform, opening a A new era of ethereum staking opportunities. To celebrate this launch, BYBIT is offering users an additional 6% in APR on their ETH holdings for a limited time when redeeming and holding CMETH through its service.
What is cmeth?
CMETH is a Liquid Reset (LRT) token that is offered by the MANTLE network through the METH protocol. Designed to increase efficiency and rewards, Cmeth allows users to stack additional redemption yields on top of Ethereum’s native Proof of Proof rewards.
Key Features of Cmeth on Bybit
- An additional 6% in APR for scams Through Bybit On-Chain, users can enjoy a 6% APR bonus when they hold CMETH during the promotional period – one of the most competitive offers on the market.
- Use cmeth as collateral With an 80% Collateral Value Ratio (CVR), CMETH holders can leverage their highly liquid assets without sacrificing rewards.
- Effortless conversions BYBIT conversion enables fee-free swaps between ETH, Steth, Meth, and Cmeth. This fast and flexible feature ensures that users can manage their holdings with ease.
Guan Han, Sales and Marketing Director of BYBIT, He highlighted the importance of this milestone: “CMETH is a transformative addition to ethereum staking. By integrating this innovative token, we are giving our users the tools to achieve greater rewards while maintaining access to their funds. It is about creating simple, flexible and rewarding opportunities.”
Simplified, daily rewards
Seamless BYBIT operation allows Mint Cmeth users with just one click. Rewards are distributed daily to their bankroll accounts, making the entire rating experience straightforward and rewarding.
Hourly snapshots of CMETH balances determine bonus eligibility of 6%, which is capped at a total of 50,000 CME. Rewards are credited daily to user accounts, ensuring transparency and timely payment.
The introduction of Cmeth underscores BYBIT’s commitment to advancing DEFI accessibility and user empowerment. This launch not only offers better rewards, but also greater flexibility, reflecting Bybit’s dedication to simplifying crypto financing while offering unparalleled value.
#Bybit / #TheCryptoark
About BYBIT
BYBIT is the world’s second largest cryptocurrency exchange by trading volume, serving a global community of over 60 million users. Founded in 2018, Bybit redefines openness in the decentralized world by creating an ecosystem that is simpler, open, and equal for everyone. With a strong focus on Web3, Bybit strategically aligns with leading blockchain protocols to provide robust infrastructure and drive on-chain innovation. Known for its secure custody, diverse markets, intuitive user experience, and advanced blockchain tools, it bridges the gap between Tradfi and Defi, empowering builders, creators, and enthusiasts to unlock the full potential of Web3. Discover the future of decentralized finance at bybit.com.
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