Bitget launches Hold to Earn service, initially supporting USDE and weETH

The world's leading cryptocurrency exchange and Web3 company Bitget have announced the launch of their innovative Hold to Earn service, Bitget HodlerYield, with USDE and weETH as the first supported tokens. This new service provides users with a convenient way to earn passive income by holding mainstream tokens, offering not only basic APR returns but also additional rewards through special promotional activities, with a total APR of over 20%.

Bitget HodlerYield Intended to meet the needs of different users and support multiple holding methods, including spot holding, collateralized holding under a unified margin mode, and sub account participation. By holding eligible tokens, such as the liquidity heavy staking token weETH issued by Ether.fi or the synthetic USD USDE issued by Ethena, users can enjoy daily settlement rewards that are automatically distributed to their accounts. This service dynamically adjusts APR based on market conditions, ensuring fairness and transparency, and maximizing user benefits.

Bitget CEO Gracy Chen stated:

At Bitget, we are committed to providing smarter cryptocurrency investment solutions to help the public generate passive income. Unlike the Earn/Staking program offered by traditional centralized exchanges, Bitget Users now only need to hold tokens, and regardless of which account their cryptocurrency is stored in, they can directly receive rewards. We have simplified the steps for users to start earning profits, making it easier to operate, and users no longer need to worry about liquidity and lock up periods

Ether.fi founder and CEO Mike Silagadze said:

We have received a large number of customers' demands for weETH as collateral, and we are very pleased to cooperate with Bitget to fulfill this demand! Bitget users holding weETH will be able to earn passive returns with ETH while maintaining price exposure.

HodlerYield provides users with flexible coin holding management while maintaining stable returns. At the end of each day, a snapshot of user account balances, including spot, contract, and strategy accounts, will be taken to determine eligible rewards. weETH The minimum holding amount for USDE is 1 USDT, and rewards will be distributed on the second day based on the market price of the designated token.

The launch of HodlerYield demonstrates Bitget's commitment to providing a secure, user centric platform. This service expands the usage scenarios of revenue tokens and reflects the company's long-term vision of helping users make smarter investments.

About Bitget

Bitget was founded in 2018 and is a world leading cryptocurrency trading platform and Web 3 company. At present, Bitget We provide services to over 100 countries and regions worldwide, helping over 45 million users achieve "smart" trading through leading documentary services and various trading solutions. Bitget Wallet, formerly known as BitKeep, is a world-class multi chain cryptocurrency wallet that provides a range of Web3 solutions and interactive features, integrating wallets, swaps, NFT markets, DApp browsers, and more. Bitget By collaborating with trusted partners, individuals are encouraged to embrace cryptocurrency, including as the official cryptocurrency partner of the world's top professional football La Liga in East Asia, Southeast Asia, and Latin America, as well as Olympic athlete partners such as wrestling world champion Buse Tosun Ç avu ş o ğ lu, boxing gold medalist Samet G ü m ü ş, and volleyball national team member İ lkin Ayd ı n.

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