TechFlow News: On May 11, Bybit announced an upgrade to its Fixed Rate Loan product. Users can now directly use their Flexible Earnings balance to place deposit orders. Funds will continue earning Flexible Earnings returns while awaiting matching; upon successful matching, returns automatically switch to the agreed fixed-term rate—no manual intervention required.
This upgrade aims to address the issue of idle funds during the order-matching waiting period. Previously, funds placed on deposit orders remained in users’ funding accounts and earned no returns while awaiting matching.
Following the upgrade, users may choose to place orders using their Flexible Earnings balance, funding account balance, or a combination of both. During the order placement period, Flexible Earnings funds are frozen but continue accruing interest; upon successful matching, the system automatically redeems and transfers the funds, enabling seamless transition from Flexible Earnings to fixed-term returns.
