The initiative features a base APR of up to 3.5% on RLUSD holdings, supplemented by a prize pool of 800,000 XRP. Bybit has increased the incentive for long-term participants, introducing a multiplier that reaches 2.0x for users who maintain their holdings for 90 days or longer. Unlike previous iterations of the program, the current phase expands the zero-fee policy on the RLUSD/USDT spot pair to cover both makers and takers.

Ripple’s RLUSD stablecoin, which serves as the foundation for the program, is backed by U.S. Treasury bills and cash equivalents to maintain a 1:1 peg to the dollar. Bybit’s decision to remove trading fees for the pair signals a push to drive liquidity for the asset. Users are encouraged to review their specific regional fee rates on the exchange’s portal to confirm eligibility for these promotional terms.