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In this video, we're diving into the world of passive income on the Bybit cryptocurrency exchange through the Earn section. Let's start with Bybit Savings for stability. Here, we stake our crypto and earn interest on storage, similar to a bank deposit. Staking helps the exchange increase volumes and build trust. You can choose between fixed or flexible staking periods.
Next up, let's explore Ethereum 2.0 for Ethereum staking. Ethereum is exchanged for staked Ethereum at a 1-to-1 ratio, and by storing STETH, we earn interest. You can swap staked Ethereum for regular Ethereum at any time or sell it directly on the spot.
Moving on to Dual Asset and Double Win. Both options allow for earning when the asset's price rises or falls. The difference lies in one providing earnings in crypto or stablecoin depending on price direction, while the other offers earnings if the price doesn't remain stable, which carries certain risks. It's recommended to avoid using leverage in all the mentioned earning methods (where applicable).
There's also Launchpool, where we stake coins to receive more new coins. It's a great way to participate in new projects. It's important to research projects to avoid wasting time on coins that won't be worth much or simply don't appeal to you.
That's it for now, feel free to ask your questions in the comments below.
Keywords: Bybit Earn, passive income, Bybit Savings, Ethereum 2.0, staking, STETH, Dual Asset, Double Win, Launchpool, cryptocurrency exchange, crypto, stablecoin, interest, leverage, new projects.