KEY TAKEAWAYS
- Bybit has launched a new Referral Feature on its social DeFi platform, Byreal, enhancing the social and rewarding aspects of copyfarming.
- Real Farmer, built on Solana, allows users to learn from top liquidity providers and replicate their strategies instantly.
- The update aims to boost user growth and engagement through community participation and increased rewards.
Bybit, recognized as the world’s second-largest cryptocurrency exchange by trading volume, has introduced a new feature to its social DeFi platform, Byreal. The platform’s flagship product, Real Farmer, now includes a Referral Feature aimed at enhancing the social and rewarding aspects of copyfarming. This update was announced here.
Real Farmer operates as a live, on-chain leaderboard that ranks real-time liquidity positions. This setup allows users to learn from top liquidity providers (LPs) and replicate their strategies instantly. The latest update introduces a social referral layer designed to boost user growth and engagement through community participation.
Built on Solana, a rapidly expanding DeFi ecosystem, Real Farmer now enables users to invite others to explore, copy, and farm together. Participants can earn rewards based on their referees’ activities, such as strategies copied, liquidity added, and trading fees generated.
Community-Driven Yield Farming
The enhanced Real Farmer campaign was unveiled during the Crypto Content Creator Campus (CCCC), a global event hosted by Bybit. This update transforms yield farming into a shared, social experience. Through the referral program, Liquidity Position rewards can be increased by over 10%.
Emily Bao, Founder of Byreal and Head of Spot at Bybit, stated, “Real Farmer’s new Referral programme represents the next evolution of DeFi participation. We’re transforming yield farming into a social, copy-and-earn experience where users, creators, and partners all grow together.”
How the Real Farmer Season Works
Users can open positions in selected Byreal liquidity pools marked with the Real Farmer Season logo, such as SOL–USDC and bbSOL–SOL, to start earning trading fees and boosted yields. By sharing a personalized link, users can refer others, with each new farmer contributing to their referral rewards.
Additionally, Byreal is offering up to 100% LP fee giveback on eligible Real Farmer positions this season. The initiative also includes a Superteam Earn Quest, encouraging content farmers to share strategies, memes, and community stories for additional rewards.
The Real Farmer Referral Programme and Real Farmer Season are now live on Byreal, inviting users to engage in a community-driven yield farming experience.
Why This Matters: Impact, Industry Trends & Expert Insights
Bybit has launched a new social referral feature on its Byreal platform, enhancing the Real Farmer product to foster a more community-driven yield farming experience.
A recent ICODA report highlights the latest trends in DeFi social referral programs, focusing on community-driven growth models and enhanced social engagement features. This is evident in Bybit’s introduction of the Real Farmer Referral Feature, which aligns incentives with on-chain activity to encourage participation and retention.
As per insights from Newswire, Bybit’s new referral program is praised for transforming yield farming into a collaborative experience. This reinforces the impact of the Real Farmer update, which incentivizes collective growth and enhances user engagement.
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