strong buy
Bybit Launches $EIGEN Incentive Program for $cmETH Deposits
The enhanced rewards for $cmETH involve simply depositing it into Bybit On-Chain Earn, after which a bonus in $EIGEN tokens is granted. The process is straightforward and occurs entirely within the user's Bybit account. A total of 100,000 EIGEN tokens will be distributed over 30 days, targeting a TVL of 40 million USD: 75% initially (75,000 EIGEN) and 25% upon reaching the TVL milestone (25,000 EIGEN). Users can view their total rewards directly in the Bybit interface. Moreover, these assets can be used not just to earn yield but also as collateral for borrowing or derivative trading, enhancing capital efficiency by offsetting funding costs.
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AI Analysis
This collaboration between Bybit, Mantle, and EigenLayer introduces a strategic incentivization to boost the $cmETH staking ecosystem. The structured distribution of 100,000 EIGEN tokens over a 30-day...
AI Recommendation
Given the structured rewards and multiple avenues for capital utilization, this program presents an attractive opportunity for active users who are considering or already holding $cmETH. Engaging earl...
Disclaimer
The AI analysis and recommendations provided are for informational purposes only. Any investment decisions should be made at your own risk. Past performance is not indicative of future results. Always conduct your own research and consider consulting with a financial advisor before making any investment decisions.
