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BTC Bybit removes LBTC from its on-chain earning products
Bybit is removing LBTC from its on-chain earning products, a move that will affect users who hold this bitcoin-related asset on the exchange\'s revenue generation platform.
The removal was announced through the exchange\'s communication channel, but the full text of Bybit\'s statement and specific operating details were not separately preserved in existing reports. It is clear that LBTC (a token related to Lombard Finance) will no longer be an optional revenue option in Bybit\'s pledge products.
Bybit has not publicly explained the specific reasons for the removal. The removal is only for on-chain money-making products and does not necessarily mean that there will be broader changes in LBTC trading or withdrawal support on the platform.
LBTC\'s role in making coins on the Bybit chain
LBTC is a bitcoin-related token created by Lombard Finance. It is designed to represent pledged Bitcoin positions, allowing holders to earn gains while maintaining exposure to BTC.
Bybit\'s on-chain earning is a product that allows users to deposit supported cryptographic assets and earn revenue through on-chain pledge or DeFi protocol. Unlike centralized savings products, making money on the chain directs funds into blockchain-based strategies, which introduces protocol risk and smart contract risk.
Including LBTC into on-chain coin making products once allowed Bybit users to earn income from Bitcoin derivatives without leaving the exchange interface. This removal narrows the bitcoin-related revenue options available on the platform. At the same time, Bybit is also expanding other areas of its product suite, including adding bond fund access to its tokenized asset products.
Impact of removal on existing users
Users who currently hold LBTC positions in on-chain earning need to pay attention to Bybit\'s official channels to obtain specific instructions on the redemption timeline and any necessary operations. The exchange\'s money-making product page lists active pledge options and will be the primary place to reflect changes.
Key questions that have not yet been answered include: whether existing positions will be automatically redeemed, whether users need to manually withdraw cash and face a deadline, and whether there is a lock-up period that affects a timeline for funds acquisition.
Users who hold LBTC in addition to making money on the chain (such as in spot wallets or other Bybit products) may not be directly affected. However, Bybit has not yet made clear whether the removal signals a broader reassessment of LBTC support. Users following Bybit\'s recent collateral and asset support updates will find that the exchange regularly adjusts eligible assets in each product tier.
Unconfirmed information
Several important details about the removal have not yet been confirmed. Officials have not confirmed any reason. It is unclear whether the decision was related to liquidity issues, agreement risk assessments, regulatory considerations, or business decisions by Bybit and Lombard Finance.
No confirmed market data or LBTC price impact is associated with this announcement. Any suggestion of price fluctuations or trading volume changes is just speculation at this time.
The timeline for the removal of
, including any redemption grace periods, has not been independently verified. Users should treat any unofficial schedules with caution and refer directly to Bybit\'s help center and product pages for the latest information.
FAQs on Bybit\'s removal of LBTC
What is LBTC?
LBTC is a bitcoin-related token issued by Lombard Finance and represents pledged bitcoin positions. It allows holders to gain gains while maintaining BTC exposure.
Do existing online users need to take action?
May be required, but specific requirements have not been confirmed. Users should check Bybit\'s earning product page and help center for official instructions on the redemption timeline and the steps required to withdraw LBTC positions.
Where can users find official updates?
Bybit\'s Help Center and On-Chain Money Product Page are the most reliable sources of confirmed information about the removal process, timeline, and any migration options.
