Bybit is sweetening its offer for XRP and RLUSD holders. The exchange has rolled out the second phase of its RLUSD Hold & Earn program in collaboration with Ripple, giving users a way to collect daily payouts just for holding the stablecoin. The updated Bybit RLUSD rewards structure now offers an annual percentage rate of up to 21.5%, with no staking commitments or lock-up periods standing in the way.
Key takeaways
- Bybit launched RLUSD Hold & Earn Phase 2 in partnership with Ripple, offering daily rewards in both XRP and RLUSD.
- The program now offers up to 21.5% APR, with no staking or lock-up requirements to participate.
- Holding RLUSD for a longer stretch could potentially double a user’s earnings under the program.
- The initiative is designed to boost liquidity and user engagement around Ripple’s RLUSD stablecoin.
- The first phase of the program had already surpassed $50 million in assets under custody, according to a release distributed via PR Newswire, setting the stage for the expanded second phase.
Bybit Launches RLUSD Hold & Earn Phase 2 With Ripple
Bybit’s RLUSD Hold & Earn Phase 2 builds directly on a first phase that already pulled in more than $50 million in assets under custody, according to a PR Newswire release. That early traction appears to have convinced both Bybit and Ripple that a bigger push was worth making. The Bybit Ripple partnership now centers on rewarding users simply for parking RLUSD on the exchange, rather than requiring them to lock funds away or commit to fixed terms.
Rewards Structure and APR
Under the expanded terms, users earn daily rewards paid out in both XRP and RLUSD. The maximum annual percentage rate has been pushed up to 21.5%, a notable jump designed to make holding the stablecoin more attractive than simply parking it elsewhere. This dual-token payout structure is central to the Ripple RLUSD Hold & Earn model Bybit is now running, since it ties returns to two assets tied to Ripple’s ecosystem rather than just one.
No Staking or Lock-up Required
Perhaps the most user-friendly detail is what the program doesn’t ask for. There’s no staking mechanism and no lock-up period involved. Users can hold RLUSD and collect rewards while keeping full flexibility over their funds, a structure that lowers the barrier for casual holders who might otherwise avoid committing to a fixed-term product.
Bigger Payouts for Longer Holders
Why would someone hold RLUSD longer than the minimum required? Because doing so can potentially double the earnings a user collects through the program. That incentive structure rewards patience without forcing it, which is a deliberate design choice aimed at extending average holding periods without alienating users who want liquidity on demand.
Doubling Potential and Liquidity Goals
The broader goal behind this tiered incentive is straightforward: increase liquidity and deepen user engagement with RLUSD. More holders sticking around longer means more stable liquidity for the token, which in turn can support Bybit’s own market position as a venue where Ripple-linked assets circulate actively. This is one of the clearer “why it matters” angles of the launch — a stablecoin’s usefulness depends heavily on how much liquidity backs it, and reward programs like this one are a direct lever for building that liquidity.
Ripple’s Ecosystem and Market Context
Ripple has built its reputation on enabling cross-border payments through blockchain technology, and RLUSD sits at the center of that push. The token gives Ripple a stablecoin instrument it can plug into partnerships and settlement flows, and every exchange program that boosts RLUSD’s circulation adds another data point supporting that use case.
Cross-Border Payments and Growing Partnerships
Ripple has been expanding its footprint across the crypto space, and pairing with Bybit on a rewards program is one more example of that strategy. By leveraging Bybit’s user base, Ripple gets exposure for RLUSD beyond its core payments infrastructure, while Bybit gets a differentiated product to pull in more traders. Amid mixed signals across the broader crypto market, this kind of collaboration could help bolster sentiment specifically around Ripple’s stablecoin offerings, even if the rest of the market stays choppy.
What Traders Are Watching Now
Specific trading volume figures tied to the new Bybit RLUSD rewards push aren’t available yet, which makes it hard to measure the program’s real-world pull so far. Still, traders are keeping an eye on whether increased engagement translates into higher RLUSD liquidity and trading activity on Bybit. Market volatility remains a background factor no reward rate can fully offset, so how user sentiment holds up as the program matures will be the real test of whether Phase 2 delivers on its liquidity ambitions.
FAQ
What is Bybit’s RLUSD Hold & Earn Phase 2?
It is a program launched by Bybit in collaboration with Ripple that allows users to hold RLUSD and earn daily rewards in XRP and RLUSD, with rates reaching up to 21.5% APR.
Are there any staking or lock-up requirements to participate?
No. Users can earn rewards without any staking or lock-up periods, keeping their RLUSD holdings fully flexible.
How can users maximize their earnings in the program?
By holding RLUSD for a longer duration, users could potentially double their earnings compared to shorter holding periods.
What are the aims of this program for Bybit and Ripple?
The initiative is designed to increase liquidity and user engagement with RLUSD while helping Bybit attract more users and strengthen its position in the market.
Article produced with the assistance of artificial intelligence and reviewed by the editorial team.
Be the first to comment