Byreal and Bybit Boost USD1 with WLFI Rewards and New Collateral Feature

yesterday / 17:07 2 sources positive

Key takeaways:

  • The 20% APR on USD1 Hold & Earn likely front-loads rewards, risking rapid sell pressure on WLFI.
  • Solana’s DeFi activity may surge as traders shift capital to Byreal for WLFI incentives, boosting SOL utilization.
  • Watch WLFI token inflation: 47 million tokens in giveaways could pressure price post-campaign.

Byreal, a Solana-based decentralized exchange incubated by Bybit, has activated a USD1 ecosystem campaign in partnership with World Liberty Financial, offering 2 million WLFI tokens in prizes. Running until June 18, 2026, the initiative includes a trading competition and liquidity provider incentives, each contributing 1 million WLFI. Participants in the competition can trade any token against USD1 or WLFI, with performance-based rewards, while liquidity providers earn dual rewards from trading fees and WLFI incentives on pairs like USD1-USDC, SOL-USD1, and WLFI-USDC.

Simultaneously, Bybit has expanded its USD1 Carnival with a USD1 Hold & Earn program starting May 19, 2026. This event distributes 45 million WLFI over the first month, with an initial APR up to 20%. No subscription, staking, or lock‑ups are required; the system captures hourly snapshots to determine daily holdings and streak‑based rewards. Bybit also added USD1 as a loanable asset and collateral, enabling margin trading and borrowing up to 10x leverage on its Unified Trading Account.

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