Catenaa, Tuesday, September 29, 2026- Bybit has launched the final month of its USD1 Hold & Earn program, offering eligible stablecoin holders daily rewards from a 35 million WLFI pool through October 16.
The fifth round began September 17 and offers a promotional annual percentage rate of up to 8%, paid in World Liberty Financial’s WLFI token.
Users do not have to stake or lock their USD1 to participate.
Instead, Bybit takes 24 hourly snapshots of participating accounts each day and uses the lowest balance recorded during those snapshots to determine eligible holdings.
Users must hold at least 1 USD1 and complete Level 1 identity verification.
The campaign is available only in jurisdictions where users are eligible for Bybit Savings services.
Bybit calculates rewards using the value of a user’s eligible USD1 holdings, the USD1-USDT settlement price, the daily APR and the WLFI-USDT settlement price.
Both settlement prices are calculated from average minute-by-minute spot prices between 23:30 and 23:59 UTC.
The resulting WLFI reward is credited to the user’s main funding wallet around 06:00 UTC the following day.
The advertised 8% APR is therefore not a fixed interest rate paid on USD1.
Bybit adjusts the daily APR according to the amount remaining in the monthly WLFI reward pool and the total eligible USD1 held by participants.
WLFI’s market price can also change, affecting the eventual dollar value of rewards after they are distributed.
Bybit also operates a daily leaderboard ranking the top 50 participants by effective USD1 holdings.
Account information is obscured on the public ranking.
The final round is smaller than earlier stages of the campaign.
Bybit launched the Hold & Earn program in May with a 45 million WLFI reward pool.
The second month offered 40 million WLFI, while the third and fourth rounds each allocated 38 million.
Month 5 reduces the pool to 35 million WLFI.
Across the five Hold & Earn rounds, Bybit has therefore allocated 196 million WLFI to the campaign.
The program forms part of a wider relationship between Bybit and the USD1 ecosystem.
Bybit introduced its USD1 Ecosystem Carnival earlier in 2026, adding BTC-USD1, ETH-USD1 and USDC-USD1 trading pairs and running separate trading campaigns.
The exchange said those earlier activities distributed another 10 million WLFI.
Month 5 is scheduled to conclude Bybit’s USD1 ecosystem campaign for 2026.
USD1 is a dollar-backed stablecoin associated with World Liberty Financial.
Contrary to simplified descriptions that identify World Liberty Financial as the issuer, USD1 is issued and redeemed by BitGo.
World Liberty Financial owns the USD1 brand and provides related services.
BitGo says USD1 reserves are held in assets including short-term US government securities, government money-market funds, dollar deposits and other cash equivalents.
Eligible BitGo customers can redeem USD1 for US dollars on a one-to-one basis.
The reserve structure is subject to monthly independent attestations.
That backing is separate from the WLFI rewards offered by Bybit.
Holding USD1 does not itself generate the advertised 8% return from its reserve assets under the Bybit campaign.
Instead, Bybit is using a finite pool of WLFI as an incentive for users to maintain USD1 balances on the exchange.
That distinction matters because WLFI and USD1 serve different purposes.
USD1 is designed to remain close to $1.
WLFI is a governance token whose market value can fluctuate.
A user may therefore receive rewards calculated at an 8% annualized promotional rate while the actual value of those tokens later rises or falls with WLFI’s market price.
The campaign also excludes some USD1 balances.
USD1 held in Bybit Flexible or Fixed Savings products does not count toward effective holdings.
Tokens borrowed through crypto loans, Unified Trading Account loans or spot margin are also excluded.
USD1 held in Copy Trading Pro subaccounts is similarly ineligible.
Balances in main accounts, subaccounts, trading bot accounts and Unified Trading Accounts can be counted if they otherwise satisfy the campaign rules.
Institutional users are eligible, while Islamic accounts and customers in restricted jurisdictions are excluded.
Bybit can also modify the campaign terms.
The declining APR and reward pools across successive rounds illustrate how exchange incentive programs can change as adoption develops.
The first USD1 Hold & Earn round advertised returns of up to 20%, compared with up to 8% in the final month.
Those percentages should not be interpreted as conventional bank-deposit rates or permanent yields available on USD1.
They are temporary marketing incentives funded through token rewards.
For Bybit, such campaigns can help attract stablecoin liquidity and deepen trading activity around USD1 pairs.
For the USD1 ecosystem, exchange balances can increase the stablecoin’s availability for trading and settlement.
The final month now gives holders until October 16 to participate before Bybit closes the five-month program.
With 35 million WLFI remaining in the final reward pool, the actual return each participant receives will depend on eligible balances, overall participation, settlement prices and the daily APR set by Bybit.
The headline rate may be up to 8%. The amount ultimately received is not guaranteed.
