Lately, the lines between CEXs and DEXs seem to be blurring. The underlying logic is actually quite clear: using CEX resources to support the development of their own DEXs. Therefore, I will be closely monitoring Byreal + Bybit's activities.
I previously mentioned the "Bybit Alpha Farm," here are the key points:
👉Core: No need to hold both tokens; you can directly perform liquidity mining on-chain through the CEX, currently allowing for three benefits at once.
👉Test data: Last week, I released a small amount for testing on the farm, and the weekly return was approximately 5.2%, which translates to an astonishing annualized return (272%).
👉Additionally, you can participate in the weekly Alpha Trading Competition, with a total prize pool of 600,000 USDT. You can track your ranking and participate (currently in week four).