KEY TAKEAWAYS
- Bybit introduces API access for its On-Chain Earn and Flexible Savings products, enhancing capabilities for institutional users and developers.
- The API integration allows for efficient management of yield-generating strategies through automated solutions.
- Bybit’s On-Chain Earn products simplify staking by managing complexities, offering a DeFi-like experience without requiring technical expertise.
- This development supports Bybit’s mission to bridge centralized access with decentralized financial opportunities.
Bybit, the world’s second-largest cryptocurrency exchange by trading volume, has announced the introduction of API access for its On-Chain Earn and Flexible Savings products. This development aims to enhance the capabilities of institutional users and developers by allowing them to connect directly with Bybit’s infrastructure. The expansion to other Earn product types is currently underway.
The new API integration provides users with the ability to efficiently manage their yield-generating strategies through automated and scalable solutions. Full technical specifications and integration instructions are available in the official API documentation.
Enhancing Access to On-Chain Financial Opportunities
Bybit’s On-Chain Earn products enable users to earn rewards by participating in blockchain-based financial opportunities, such as staking and liquidity protocols. These products offer a decentralized finance (DeFi)-like experience, allowing interaction with smart contracts on public blockchains without requiring technical expertise.
Staking in the cryptocurrency world often requires significant technical knowledge and dedicated hardware, which can be a barrier for many users. Bybit’s On-Chain Earn products simplify this process by managing complexities such as gas fees, node operations, and reward distribution, allowing users to stake with ease.
API Features and Institutional Benefits
An API, or Application Programming Interface, is a tool that facilitates communication between different software systems. Bybit’s API allows developers and institutional users to programmatically access On-Chain Earn and Flexible Savings functions through their own platforms, enhancing customization and operational control.
The API offers structured access to key functions, including an overview of available On-Chain Earn products, detailed product data, historical and real-time tracking of staking and redemption, and programmatic access to eligible Earn products for subscription and redemption.
Jerry Li, Head of Earn & Wealth Management at Bybit, stated, “Bridging centralized access with decentralized opportunity is one of our core missions. With API support for On-Chain Earn, we’re giving power users the infrastructure they need to build, manage, and fine-tune strategies with the speed and precision the market demands.”
This release marks a significant step in Bybit’s ongoing efforts to support advanced users by connecting centralized tools to decentralized finance opportunities.
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