The launch of Bybit Alpha Farm marks the first time a centralized exchange has seamlessly integrated on-chain liquidity mining into its platform, significantly lowering the barrier to DeFi participation. Traditionally, providing liquidity on-chain requires managing wallets, private keys, and paying Gas fees, which can be complex and error-prone. Alpha Farm directly utilizes Bybit's Unified Trading Account (UTA), supporting USDT, USDC, SOL, or bbSOL.
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The launch of Bybit Alpha Farm marks the first time a centralized exchange has seamlessly integrated on-chain liquidity mining into its platform, significantly lowering the barrier to DeFi participation. Traditionally, providing liquidity on-chain requires managing wallets, private keys, and paying Gas fees, which can be complex and error-prone. Alpha Farm directly utilizes Bybit's Unified Trading Account (UTA), supporting USDT, USDC, SOL, or bbSOL.