Bybit, a crypto exchange platform, has launched a new web3 staking pool, the features of which is to simplify users' interactions with DeFi protocols. This product brings the steps needed to add liquidity to Curve Finance down to just three, offering the opportunity to have increased APR (Annual Percentage Rate) by 6.5%. Bybit users also have the choice to use BTC, USD Coin (USDC), and Tether (USDT) as opposed to ETH to leverage the new staking pool. This product will coincide with the Ethereum Shanghai upgrade, which is a hard fork set to take place by April 12th, 2023. The upgrade will implement EIP-4895, offering validators the chance to withdraw their ETH staked on the beacon chain since December 2020. Moreover, the Merge that combines the proof-of-work (PoW) and proof-of-stake (PoS) will have energy consumption reduced by 99.5% and will also improve the liquidity and usability of staked ETH. In addition to the launching of the ETH staking pool, Bybit will host two cryptocurrency trading events in April, which will reward users with a total of 530,000 USDC prize pool and bonus pool. The upcoming Shanghai upgrade presents users with greater opportunities to experience DeFi’s potential and compelling investment strategies. Bybit aims to be the gateway to all crypto-related activities and believes that its latest product and accompanying events will benefit users by allowing them to stay ahead of the curve in the emerging DeFi and Ethereum markets.



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