stETH to ETH Made Easy: Bybit Launches No-Fee Redemption Service for Traders
How to Earn and Trade with stETH on Bybit with the newly launched Zero-Fee Redemption Service.
Bybit, the third most popular crypto exchange in the world, has upgraded its Ethereum Liquid Staking service. Users can now redeem their staked Ether tokens (stETH) for ETH at a 1:1 ratio with no fees.
Ethereum Liquid Staking is a great way to earn up to 7% APR on Bybit. Users can stake their ETH and receive stETH tokens, which earn rewards from the Ethereum network. Users can then redeem their stETH tokens for ETH, including the original capital and interest.
Bybit also allows users to trade with stETH as collateral, which increases their capital efficiency. Users can access more trading opportunities with their staked assets, without losing the benefits of staking.
Moreover, users can earn extra income by taking stETH-collateralized loans on Bybit, which they can use for other financial activities.
Bybit is committed to providing the best Ethereum Liquid Staking service for its users, with zero-fee redemption, flexible trading options, and additional earning possibilities.
Vivien Fang, head of financial products at Bybit commented: “With Bybit’s Ethereum Liquid Staking and stETH redemption service, users gain access to a seamless and user-friendly ecosystem, which provides both passive income and active trading opportunities. We are committed to empowering our users with the best tools and features, and the introduction of stETH redemption is yet another step towards achieving that goal.”