Bybit, the world's second-largest cryptocurrency exchange by trading volume, has rolled its USD1 Hold & Earn program into a second consecutive month, running from June 18 to July 17, 2026. Eligible users who hold USD1 on the platform will continue to accrue WLFI tokens, with the total reward pool set at 40 million WLFI and the rate carrying a double-digit annual percentage rate.
What Hold & Earn Means for Crypto Depositors
A Hold & Earn campaign is straightforward in concept: a user deposits or retains a designated asset on an exchange, and the platform distributes a separate token as a yield incentive over a fixed window. There is no active trading required. The attraction is passive return — the kind of carry trade logic that fixed-income investors recognize, applied to digital assets.
The annual percentage rate, or APR, is the annualized cost of that yield to the platform and the annualized return to the holder, before compounding. A double-digit APR — meaning 10 percent or higher on an annualized basis — stands well above the rates typically offered on traditional savings products in most major economies, which is why such promotions draw attention from yield-seeking participants in crypto markets.
Why the Second Month Extension Matters
Extending a campaign into a second month signals that the initial run generated sufficient demand to justify continued outlay from the reward pool. For Bybit, maintaining user balances in USD1 serves a platform liquidity function: held assets do not leave the exchange. The 40 million WLFI reward allocation gives the market a concrete sense of the program's scale heading into the July 17 close.
What to Watch
The campaign closes July 17, 2026. Participants and observers should watch whether Bybit announces a third extension or adjusts the APR and reward terms at that point — either outcome would signal how the exchange is reading appetite for yield products tied to this particular asset pair. For now, the program stands as one of the more visible Hold & Earn structures on a major exchange, with a defined end date and a quantified reward ceiling.