Cryptocurrency trading platform Bybit has announced an upgrade to its loan products by integrating flexible and fixed loans into a unified system. This will allow users to manage their borrowings and strategies more easily.
Unified Lending Platform
Bybit introduced a single interface for flexible and fixed loans. The new platform simplifies the process of comparing, managing, and optimizing borrowing strategies, making it more transparent and accessible.
Key Updates for Users
Key updates include a unified cross-margin model, interchangeable collateral for both loan types, tiered collateral ratios based on asset risk profiles, and an updated interest calculation method. Interest will now be calculated hourly using a compounding method.
About Bybit and Its Strategy
Bybit is the world's second-largest cryptocurrency exchange by trading volume, founded in 2018. The company is actively working to improve transparency and user-friendliness of its products in the decentralized finance space.
The integration of Bybit's loan products demonstrates the company's commitment to innovation and creating convenient conditions for users in the rapidly evolving digital asset landscape.
