The program, which concludes Bybit's 2026 engagement with the USD1 ecosystem, incentivizes holders by distributing rewards daily. Participants can monitor their status through the USD1 Holder Leaderboard, which ranks the top 50 users based on effective holdings. Daily payouts are calculated using a specific formula involving USD1 holdings, APR, and settlement prices derived from Bybit’s spot market activity between 23:30 and 23:59 UTC.
Launched in April 2026, the USD1 Ecosystem Carnival previously introduced trading pairs for BTC, ETH, and USDC against the stablecoin, distributing 10,000,000 WLFI throughout its earlier phases. USD1, issued by World Liberty Financial, maintains a 1:1 peg with the U.S. Dollar through backing by Treasury securities and cash. WLFI serves as the governance token for the protocol, allowing holders to influence the platform's future direction.
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