A Step-by-Step Guide to Using the Bybit Launchpool

Understanding the Bybit Launchpool Mechanism

1. The Bybit Launchpool allows users to stake existing cryptocurrencies to earn newly launched tokens. This system functions similarly to yield farming on decentralized platforms but operates within a centralized framework. Users deposit eligible assets into designated pools, which then generate rewards based on the project’s distribution schedule.

2. Each new token launch is associated with specific stakable assets, typically including BTC, ETH, or USDT. The rewards are distributed gradually over a fixed period, often ranging from seven to thirty days. Participants receive their share of tokens in real time, visible through the user dashboard immediately after staking.

3. The allocation of rewards depends on the proportion of an individual’s stake relative to the total pool size. For example, if a user contributes 1% of the total staked amount in a pool, they will earn approximately 1% of the daily token emissions. This model promotes fairness and discourages sudden large withdrawals that could destabilize the pool.

4. Projects listed on the Launchpool undergo evaluation by Bybit’s internal team, focusing on technical viability, community traction, and market potential. However, participation does not imply official endorsement or guarantee of future performance. Users must conduct independent research before committing funds.

How to Access and Navigate the Launchpool Interface

1. Log in to your Bybit account and navigate to the “Earn” section from the main menu. Select “Launchpool” from the dropdown options. The page displays active, upcoming, and past projects, each showing key details such as annualized return estimates, total staked volume, and countdown timers for new launches.

2. Active pools feature real-time data including personal staked balance, accumulated rewards, and estimated earnings over different timeframes. Users can switch between assets to see how much they could earn by reallocating funds across multiple pools. No lock-up periods are enforced, allowing instant unstaking at any time.

3. Before participating, review the tokenomics of the new asset, including supply distribution, vesting schedules, and utility within its ecosystem. This information is usually available via a link next to the project name. Misunderstanding these factors may lead to unexpected outcomes after the token begins trading.

4. Clicking “Stake” opens a modal where users input the amount they wish to commit. A confirmation prompt appears, detailing transaction fees (if applicable) and expected reward accrual start time. Once confirmed, rewards begin accumulating within seconds, visible under the “Rewards” column.

Earning and Withdrawing Rewards

1. Rewards are calculated every second and updated live in the interface. Users do not need to claim earnings manually; all accrued tokens are automatically credited to the spot wallet upon unstaking or can be viewed while still staked. This continuous compounding effect increases effective yield compared to batch-distributed models.

2. To withdraw stakes, click “Unstake” and enter the desired amount. Full or partial withdrawals are permitted without penalties. After confirmation, both the original principal and accumulated rewards become available in the spot account almost instantly.

3. Withdrawn tokens can be traded immediately once the project goes live on Bybit’s spot market. Some tokens may have delayed trading availability, so checking the official announcement timeline is essential. Early sellers might face high volatility, while others choose to hold based on long-term conviction.

4. Historical earnings remain accessible under the “Records” tab, providing transparency for tax reporting and portfolio tracking. Data includes timestamps, staked amounts, reward quantities, and transaction IDs for audit purposes.

Frequently Asked Questions

What happens if I unstake during a campaign? You retain all rewards earned up to the moment of unstaking. The system stops accruing further rewards immediately after withdrawal. There are no penalties for early exit, making it a flexible option for managing exposure.

Can I stake multiple assets in the same pool? No, each Launchpool accepts only one type of staking asset per campaign. However, you can participate in several different pools simultaneously using various base currencies like BTC, ETH, or stablecoins.

Are there any risks involved in using the Launchpool? Yes, primary risks include price volatility of the newly launched token after listing and potential smart contract vulnerabilities, although Bybit conducts due diligence. Additionally, impermanent loss concepts do not apply since this is a centralized staking mechanism, but market risk remains significant.

Do I need to complete KYC to use the Launchpool? Yes, full account verification is required to participate. Bybit enforces KYC policies to comply with regulatory standards, especially when distributing new digital assets that may fall under securities scrutiny in certain jurisdictions.