Discontinuation of LEVER and MYRO as collateral and borrowable asset

We'll be discontinuing LEVER and MYRO as a collateralizable or loanable asset from Apr 21, 2025.

Timeline

Apr 11, 2025, 8AM UTC

• All borrowing and lending services for LEVER and MYRO will be suspended, including Borrowing (UTA), Crypto Loans and Bybit Savings.

Apr 21, 2025, 8AM UTC

• LEVER and MYRO will no longer be accepted as collateral on Borrowing (UTA), Crypto Loans and Institutional Loans or as a repayment means.

• Any outstanding LEVER and MYRO liabilities must be repaid before Apr 21, 2025, 8AM UTC to prevent automatic repayment and potential asset losses.

• We strongly encourage users to adjust their margin before Apr 21, 2025, 8AM UTC (if applicable) and closely monitor the maintenance margin rate (MMR) and loan-to-value (LTV) ratio to avoid any potential liquidation.

Apr 22, 2025, 8AM UTC

• LEVER and MYRO will be removed from Bybit Savings. Users' principal and accrued yield from staking LEVER and MYRO in Bybit Savings will be automatically credited to Funding Accounts.

• Users are recommended to initiate early redemptions of LEVER and MYRO to avoid delays.

We strongly recommend users take note of these upcoming changes and adjust their orders and financial strategies accordingly.

We appreciate your understanding and cooperation as we implement these updates.