Bybit launches XAUt trading competition, making gold a new and stable investment option.
TL;DR
Bybit launches a XAUt trading competition with a 100,000 USDT prize pool and introduces an Alpha Farm staking pool for easy, gas-free participation. This expands XAUt's use as a stable, gold-pegged investment option.
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According to ChainCatcher, Bybit will launch the "XAUt Token Splash" trading event, centered on the gold-pegged asset XAUt, with a total prize pool of up to 100,000 USDT. In addition, Bybit's highly anticipated Alpha Farm product will soon launch an XAUt0 liquidity staking pool. Users can participate in staking with a single click without needing their own wallet or paying gas fees, enjoying convenient and competitive mining rewards, further expanding the use cases and yield opportunities for XAUt.
As a tokenized asset pegged to the value of physical gold, XAUt has received increasing attention in diversified investment portfolios in recent years due to its relatively stable performance.