As part of Bybit’s promise to improve the transparency, simplicity and equality of web3, we’ve joined forces with Mantle’s liquid staking protocol to revolutionize Ethereum staking. By seamlessly integrating its innovative Mantle Staked Ether (mETH) solution into Bybit Web3 Staking platform, Bybit has unlocked a gateway to effortless staking opportunities and maximized returns for our users. This groundbreaking partnership breaks down traditional barriers, empowers everyday investors and ushers in a new era of accessible, lucrative decentralized finance (DeFi). 

Dive into the details with us as we discover how this dynamic duo redefines the way we interact with Ethereum, maximizing staking rewards and opening doors to a more user-friendly and profitable web3 experience.

In this article, you’ll find out some of the top tips to maximize your yields by utilizing the mETH staking feature via Bybit Web3. 

Key Takeaways:

• The collaboration between Bybit Web3 and Mantle opens the door for wider participation in Ethereum staking, empowering users to maximize their web3 earning potential with unparalleled ease and control.

• Users can magnify their profits by implementing a combination of strategies, such as mETH double-dose yield, using mETH or other assets as collateral for borrowing and lending, and more. 

• The key integration of Ethena, Pendle, and EigenLayer on Mantle is set to launch between January 29 to February 2 and will benefit all users, especially for both airdrop farmers and whales.

The Lowdown of Bybit Web3 and Mantle’s Liquid Staking Solution

At the forefront of open and accessible web3, Bybit Web3 fosters a user-friendly ecosystem for everyone. Its comprehensive suite of tools empowers users to seamlessly access, swap, collect and grow their web3 assets. 

In December 2023, Bybit Web3 enhanced its crypto staking experience by integrating Mantle's innovative mETH liquid staking solution. This one-click process allows users to convert their ETH to mETH, participate in Ethereum staking and benefit from Mantle's double yield program – all while retaining full control and liquidity over their assets.

Furthering its commitment to user convenience, Bybit Web3 is now launching the mETH Super Boost event – a limited-time campaign incentivizing mETH staking with exceptional bonus rewards. This initiative includes:

• Double Gas Rebate: Bybit acts as a pioneer by directly subsidizing gas fees for mETH staking, effectively doubling users' gas rebates and maximizing their returns.

• Bonus Boost: The top five stakers (determined by staking amount and duration) will receive an additional bonus, further sweetening the pot for high-volume participants.

With enticing rewards and a user-centric approach, Bybit Web3 is proving itself a front-runner in democratizing DeFi. This collaboration with Mantle opens the door for wider participation in Ethereum staking, empowering users to maximize their web3 earning potential with unparalleled ease and control.

Learn more: Bybit Web3 Staking: Earning Passive Income in One Click

Step-by-Step to Magnify Your Yields

Maximizing your investment returns is the ultimate goal for any smart investor. With the ever-evolving finance landscape, new opportunities to boost your yields are constantly emerging. Whether you're a seasoned pro or just starting out, here are some top tips to help you magnify your returns via Bybit Web3 and Mantle’s platform.

1. Strategic Use of mETH Double-Dose Yield on Mantle

Users can stake $mETH to enjoy double-dose market yield with $mETH at a target APY of 7.2% via Mantle's liquid staking protocol (LSP).

• Starting From Dec. 22, 2023, with an earliest end date of April 1, 2024

• Base yield (3–4%) is generated from ETH staking

• Boosted yield is funded by Mantle Treasury's own staked ETH "Top-Up"

2. mETH Farming Strategies: DEXs — LP positions

Step 1: Pair mETH with other equivalent tokens in liquidity pairs such as wETH and MNT from the following DEXs (see chart below).

Step 2: Select mETH as your preferred pair in specific exchange pools to earn rewards, and potentially receive additional bonuses to get up to 126% APY on rewards tokens (note the range is provided as an example from FuxionX).

Example shown below from FusionX Rewards program:

3. Money Markets: Use mETH or Other Assets as Collateral for Borrowing and Lending

Step 1: Go to the following protocols to use mETH as collateral for potentially borrowing and lending other tokens.

Step 2: Use the borrowed assets to exchange or resupply to borrowing/lending protocols, in order to earn up to 2X in additional yields.

Examples: Borrow/Lend strategies on Lendle

4: Access to mETH on Vaults

5. Use of mETH on Perps and Margin 

Step 1: Go to the following protocols (below) to deposit mETH as underlying asset for on-chain perpetual contract trades on the corresponding platform.

Step 2: You may earn extra incentives from the base of the corresponding protocol on Mantle’s vault strategies, fee incentives from LPs or protocol airdrops upon exchanging LP pairs.

Future Opportunities — Ethena, Pendle and EigenLayer to Be Integrated 

Should You Stake mETH on Bybit Web3 x Mantle?

As part of cryptocurrency's wild ride, staking offers a potent avenue for amplifying returns. Whether you're a crypto newbie or a seasoned pro, Bybit Web3 Staking's user-friendly interface makes entering the staking game a breeze. It's not just about ease, though: safety takes center stage with top-notch fund protection measures like Asset Protection and one-click, high-yield investment options. 

Ultimately, the collaboration signifies a union in which web3 users can now enjoy a more open and simpler staking experience with Mantle's mETH. With just a single click, you can instantly convert your ETH to mETH, effectively participating in Ethereum staking and earning certain bonuses without the hassles. 

Still not convinced? The platform also empowers you with web3 educational resources to guide your investment decisions and diverse products to suit your risk appetite. 

Learn more: Learn Web3 With Experts

How to Get Started with Bybit Web3

Click on Web3 in the navigation bar of the Bybit homepage to enter the Bybit Web3 page. 

Create a Bybit Wallet

Step 1: Click on Connect Wallet in the upper right corner of the Bybit Web3 page. Then select Bybit Wallet.

Step 2: Click Create Now to create your Bybit Wallet and easily access Web 3.0.

Your Bybit Wallet has been created. Currently, only Ethereum-based DApps are supported.

To Connect Your Bybit Wallet With DApp

Set Up Bybit Wallet Browser Extension

Step 1: Please visit the Chrome Web Store and search for Bybit Wallet, then click on the Bybit Wallet page.

Step 2: Click on Add to Chrome to install the Bybit Wallet extension. Then, tap on Add extension.

Bybit Wallet has been added to Chrome. 

Alternatively, Bybit Wallet has been adopted by multiple DApp project platforms, such as Mantle, Trait Sniper, Hello Pets, and Meson.

Taking Mantle as an example:

Step 1: Click on Connect Wallet in the upper right corner of the Mantle page.

Step 2: Select Bybit Wallet to Create or Link to your Bybit Wallet.

Step 3: Click on the Link in the Bybit Wallet pop-up window.

Find out more: How to Connect Your Bybit Wallet to a DApp

The Bottom Line

Crypto staking via web3 has emerged as a game-changer for investors seeking to maximize their digital asset returns. By following the five strategies outlined in this article, you'll equip yourself with the knowledge and strategies to navigate this volatile crypto landscape. Remember: success in web3 staking lies in thorough research, diversification and vigilance — and leveraging robust platforms that prioritize user-friendliness and fund protection.

The journey to financial freedom starts with a single stake. Are you ready to take the first step?

#Bybit #BybitWeb3 #TheCryptoArk