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DUBAI, UAE, June 10, 2026 /PRNewswire/ -- Bybit, the world's second-largest cryptocurrency exchange by trading volume, has kicked off BYUSDT Trade & Earn, a three-week exclusive event available for a limited time for all BYUSDT holders, rewarding the community with bonus APR that scale based on daily futures trading activity.
From now until June 28, 2026, all eligible BYUSDT holders and traders on Bybit will receive automatic rewards for three weeks. Participants who hold BYUSDT while trading futures will earn an additional bonus APR determined by their trading tier. Higher trading volumes unlock higher tiers, which increase the eligible principal cap for bonus rewards.
How It Works
1. Hold BYUSDT - Eligible holders maintain BYUSDT in their accounts. All qualifying holders are automatically enrolled with no registration required.
2. Trade Futures Daily - Daily futures trading volume determines the tier classification for the following day. Increased trading volume advances participants to higher tiers with greater reward potential.
3. Earn Dual Rewards - Participants can earn two concurrent benefits:
- Standard Flexible Easy Earn yield on BYUSDT holdings
- Bonus APR stacked on top, determined by trading tier and eligible principal cap
4. Receive Daily Distributions Rewards are calculated daily and distributed in BYUSDT.
Trading volume from Futures trading pairs determines tier advancement, with tier requirements ranging from no minimum for standard rewards up to 500,000 USDT in daily volume for premium tiers. Rewards are calculated and distributed daily in BYUSDT.
BYUSDT is a fully collateralized stablecoin backed 1:1 by Bybit users' Flexible Easy Earn USDT positions, no minting or redemption fees are required. Holders benefit from 100% Collateral Value Ratio (CVR) for margin trading via their UTA, instant liquidity, and zero minting or redemption fees. The token bridges savings and trading on Bybit, allowing users to maintain yield-generating positions while accessing margin capital simultaneously.
Terms and conditions apply. For details of participation rules and eligibility requirements, users may visit: BYUSDT Trade and Earn: Trade Futures Daily to Enjoy Bonus APR and 200,000 USDT Prize Pool
#Bybit / #NewFinancialPlatform
About Bybit
Bybit is the world's second-largest cryptocurrency exchange by trading volume, serving a global community of over 80 million users. Founded in 2018, Bybit is redefining openness in the decentralized world by creating a simpler, open and equal ecosystem for everyone. With a strong focus on Web3, Bybit partners strategically with leading blockchain protocols to provide robust infrastructure and drive on-chain innovation. Renowned for its secure custody, diverse marketplaces, intuitive user experience, and advanced blockchain tools, Bybit bridges the gap between TradFi and DeFi, empowering builders, creators, and enthusiasts to unlock the full potential of Web3. Discover the future of decentralized finance at Bybit.com.
For more details about Bybit, please visit Bybit Press
For media inquiries, please contact: media@bybit.com
For updates, please follow: Bybit's Communities and Social Media
Discord | Facebook | Instagram | LinkedIn | Reddit | Telegram | TikTok | X | Youtube
DUBAI, UAE, June 10, 2026 /PRNewswire/ -- Bybit, the world's second-largest cryptocurrency exchange by trading volume, has kicked off BYUSDT Trade & Earn, a three-week exclusive event available for a limited time for all BYUSDT holders, rewarding the community with bonus APR that scale based on daily futures trading activity.
From now until June 28, 2026, all eligible BYUSDT holders and traders on Bybit will receive automatic rewards for three weeks. Participants who hold BYUSDT while trading futures will earn an additional bonus APR determined by their trading tier. Higher trading volumes unlock higher tiers, which increase the eligible principal cap for bonus rewards.
How It Works
1. Hold BYUSDT - Eligible holders maintain BYUSDT in their accounts. All qualifying holders are automatically enrolled with no registration required.
2. Trade Futures Daily - Daily futures trading volume determines the tier classification for the following day. Increased trading volume advances participants to higher tiers with greater reward potential.
3. Earn Dual Rewards - Participants can earn two concurrent benefits:
- Standard Flexible Easy Earn yield on BYUSDT holdings
- Bonus APR stacked on top, determined by trading tier and eligible principal cap
4. Receive Daily Distributions Rewards are calculated daily and distributed in BYUSDT.
Trading volume from Futures trading pairs determines tier advancement, with tier requirements ranging from no minimum for standard rewards up to 500,000 USDT in daily volume for premium tiers. Rewards are calculated and distributed daily in BYUSDT.
BYUSDT is a fully collateralized stablecoin backed 1:1 by Bybit users' Flexible Easy Earn USDT positions, no minting or redemption fees are required. Holders benefit from 100% Collateral Value Ratio (CVR) for margin trading via their UTA, instant liquidity, and zero minting or redemption fees. The token bridges savings and trading on Bybit, allowing users to maintain yield-generating positions while accessing margin capital simultaneously.
Terms and conditions apply. For details of participation rules and eligibility requirements, users may visit: BYUSDT Trade and Earn: Trade Futures Daily to Enjoy Bonus APR and 200,000 USDT Prize Pool
#Bybit / #NewFinancialPlatform
About Bybit
Bybit is the world's second-largest cryptocurrency exchange by trading volume, serving a global community of over 80 million users. Founded in 2018, Bybit is redefining openness in the decentralized world by creating a simpler, open and equal ecosystem for everyone. With a strong focus on Web3, Bybit partners strategically with leading blockchain protocols to provide robust infrastructure and drive on-chain innovation. Renowned for its secure custody, diverse marketplaces, intuitive user experience, and advanced blockchain tools, Bybit bridges the gap between TradFi and DeFi, empowering builders, creators, and enthusiasts to unlock the full potential of Web3. Discover the future of decentralized finance at Bybit.com.
For more details about Bybit, please visit Bybit Press
For media inquiries, please contact: media@bybit.com
For updates, please follow: Bybit's Communities and Social Media
Discord | Facebook | Instagram | LinkedIn | Reddit | Telegram | TikTok | X | Youtube
** This press release is distributed by PR Newswire through automated distribution system, for which the client assumes full responsibility. **
Competitive Bonus APR: Bybit Introduces BYUSDT Trade & Earn With 200,000 USDT Prize Pool
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Available now in public preview on Zilliz Cloud, Vector Lakebase keeps production vector search at its core and adds shared lake-native storage and on-demand compute — bringing real-time serving, interactive discovery, and batch analytics onto one data foundation.
REDWOOD CITY, Calif., June 10, 2026 /PRNewswire/ -- Zilliz, the company behind Milvus, the world's most widely adopted open-source vector database, today announced the public preview of Zilliz Vector Lakebase, a major Zilliz Cloud release that pairs the production vector database with a shared, lake-native data foundation.
Vector Lakebase keeps Zilliz Cloud's real-time vector search at the core — the engine Zillow, OpenEvidence, Exa, Filevine, MiniMax, and more than 10,000 enterprises and AI teams already rely on — and extends it with three new ways to operate on the same data: interactive discovery, large-scale batch analytics, and search directly on external data lakes. The result is a single data foundation in which every workload runs against a single logical copy of the data, with on-demand and batch jobs billed only when compute is active.
"Production vector search is and will remain at the heart of what Zilliz does — it's why thousands of teams choose Milvus and Zilliz Cloud, and it's getting faster and more cost-efficient every release," said Charles Xie, Founder and CEO of Zilliz. "Vector Lakebase is what we believe comes next: one data foundation where the same vectors can serve a production query, anchor a discovery session, and power a multi-petabyte training-data pipeline — without copies, migration, or a parallel stack."
Why a Single Data Foundation Matters
AI systems are no longer a single-query retrieval problem. They run as a continuous loop — serve, learn from feedback, mine and prepare better data, then serve again — and each turn typically requires separate systems for serving, exploration, and large-scale processing. Moving billions of vectors between those systems can take days. The cost and complexity are so high that many teams skip the loop altogether, leaving valuable data retrievable but never improved.
Vector Lakebase closes that gap with a zero-copy semantic data plane on shared lake-native storage: real-time serving, interactive discovery, and batch analytics all run against one logical copy of the data, scaling from gigabytes to petabytes.
"Teams asked for a way to keep their data in one place and run very different workloads against it — from real-time agent memory to overnight semantic deduplication," said Robert Guo, VP of Product at Zilliz and one of the architects behind Milvus. "Vector Lakebase delivers that through a unified storage layer on Vortex, tiered serving for the production path, and on-demand compute for everything else."
Five Capabilities on One Foundation
- Tiered Real-Time Serving. Three production tiers tuned for different workloads: Performance-Optimized (1,000+ QPS, single-digit-millisecond latency, in-memory); Capacity-Optimized (100–500 QPS, sub-100ms latency, memory + NVMe); and Tiered-Storage (10–50 QPS, ~100ms latency, spanning memory, NVMe, and object storage at significantly lower cost). All tiers default to 95–98% recall, tunable to 99%+, backed by Zilliz Cloud's 99.99% uptime SLA and Global Cluster cross-region high availability.
- On-Demand Search. Pay-as-you-go compute for workloads where infrastructure sits idle most of the time, billed directly for object storage and compute rather than serverless markups. In Zilliz's internal benchmark on one billion 768-dimension vectors with 10 hours of monthly active compute, On-Demand Search totaled $318 versus $4,937 for a comparable serverless path — roughly 1/15 the cost.
- External Data Lake Search. A zero-copy External Collection mode that adds state-of-the-art indexing and full-spectrum search directly to existing Lance, Iceberg, Parquet, and Vortex tables, with incremental sync on refresh. Source data stays where it lives.
- Full-Spectrum AI Search. Search across vectors (dense and sparse), text, JSON, and geospatial data, with hybrid retrieval, BM25, regex, multi-vector and iterative search, and multi-path retrieval. Results can be reranked with Cohere, Voyage AI, RRF, and weighted/boost/decay strategies.
- Unified Lake-Native Storage. Shared storage for serving and analytics built on Vortex, an open columnar format designed for faster, cheaper random reads than Lance and Parquet, paired with object-storage-aware indexes (vector, BM25, JSON) that cut read amplification by over 90%. A 100-million-row schema backfill typically completes in single-digit minutes — without disrupting active query traffic.
Together, these capabilities let AI teams consolidate what previously required parallel always-on serving clusters and separate batch systems onto one platform — with consistent indexes, versioned data, and compute that scales to zero between jobs.
Availability
Zilliz Vector Lakebase is available now in public preview on Zilliz Cloud, alongside Serverless, Dedicated, and BYOC deployment options across more than 30 regions on AWS, Google Cloud, and Microsoft Azure. New work email signups receive $100 in free credits at zilliz.com. Teams running serving, discovery, and analytics on separate stacks can contact the Zilliz team for a tailored walkthrough.
About Zilliz
Zilliz is a leading AI data infrastructure company and the creator of Milvus, the world's most widely adopted open-source vector database, with 44,000+ GitHub stars and over 100 million Docker pulls. Zilliz helps enterprises and AI startups make their unstructured data searchable, analyzable, and governable — turning text, images, audio, video, and more into a strategic asset for production AI.
Zilliz's technology centers on Milvus and Zilliz Cloud. Milvus is an open-source vector database purpose-built for 100-billion-scale vector search. Zilliz Cloud extends that foundation into a fully managed Vector Lakebase platform, combining the high-throughput, low-latency serving capabilities of vector databases with the openness, scalability, and economics of multimodal data lakes. Zilliz powers more than 10,000 enterprises and AI-native startups worldwide, including MiniMax, OpenEvidence, Filevine, Exa, Salesforce, and Read AI.
Headquartered in Redwood Shores, California, Zilliz is backed by leading investors, including Aramco's Prosperity 7 Ventures, Temasek's Pavilion Capital, Hillhouse Capital, 5Y Capital, Yunqi Partners, and Trustbridge Partners. Learn more at Zilliz.com.
Available now in public preview on Zilliz Cloud, Vector Lakebase keeps production vector search at its core and adds shared lake-native storage and on-demand compute — bringing real-time serving, interactive discovery, and batch analytics onto one data foundation.
REDWOOD CITY, Calif., June 10, 2026 /PRNewswire/ -- Zilliz, the company behind Milvus, the world's most widely adopted open-source vector database, today announced the public preview of Zilliz Vector Lakebase, a major Zilliz Cloud release that pairs the production vector database with a shared, lake-native data foundation.
Vector Lakebase keeps Zilliz Cloud's real-time vector search at the core — the engine Zillow, OpenEvidence, Exa, Filevine, MiniMax, and more than 10,000 enterprises and AI teams already rely on — and extends it with three new ways to operate on the same data: interactive discovery, large-scale batch analytics, and search directly on external data lakes. The result is a single data foundation in which every workload runs against a single logical copy of the data, with on-demand and batch jobs billed only when compute is active.
"Production vector search is and will remain at the heart of what Zilliz does — it's why thousands of teams choose Milvus and Zilliz Cloud, and it's getting faster and more cost-efficient every release," said Charles Xie, Founder and CEO of Zilliz. "Vector Lakebase is what we believe comes next: one data foundation where the same vectors can serve a production query, anchor a discovery session, and power a multi-petabyte training-data pipeline — without copies, migration, or a parallel stack."
Why a Single Data Foundation Matters
AI systems are no longer a single-query retrieval problem. They run as a continuous loop — serve, learn from feedback, mine and prepare better data, then serve again — and each turn typically requires separate systems for serving, exploration, and large-scale processing. Moving billions of vectors between those systems can take days. The cost and complexity are so high that many teams skip the loop altogether, leaving valuable data retrievable but never improved.
Vector Lakebase closes that gap with a zero-copy semantic data plane on shared lake-native storage: real-time serving, interactive discovery, and batch analytics all run against one logical copy of the data, scaling from gigabytes to petabytes.
"Teams asked for a way to keep their data in one place and run very different workloads against it — from real-time agent memory to overnight semantic deduplication," said Robert Guo, VP of Product at Zilliz and one of the architects behind Milvus. "Vector Lakebase delivers that through a unified storage layer on Vortex, tiered serving for the production path, and on-demand compute for everything else."
Five Capabilities on One Foundation
- Tiered Real-Time Serving. Three production tiers tuned for different workloads: Performance-Optimized (1,000+ QPS, single-digit-millisecond latency, in-memory); Capacity-Optimized (100–500 QPS, sub-100ms latency, memory + NVMe); and Tiered-Storage (10–50 QPS, ~100ms latency, spanning memory, NVMe, and object storage at significantly lower cost). All tiers default to 95–98% recall, tunable to 99%+, backed by Zilliz Cloud's 99.99% uptime SLA and Global Cluster cross-region high availability.
- On-Demand Search. Pay-as-you-go compute for workloads where infrastructure sits idle most of the time, billed directly for object storage and compute rather than serverless markups. In Zilliz's internal benchmark on one billion 768-dimension vectors with 10 hours of monthly active compute, On-Demand Search totaled $318 versus $4,937 for a comparable serverless path — roughly 1/15 the cost.
- External Data Lake Search. A zero-copy External Collection mode that adds state-of-the-art indexing and full-spectrum search directly to existing Lance, Iceberg, Parquet, and Vortex tables, with incremental sync on refresh. Source data stays where it lives.
- Full-Spectrum AI Search. Search across vectors (dense and sparse), text, JSON, and geospatial data, with hybrid retrieval, BM25, regex, multi-vector and iterative search, and multi-path retrieval. Results can be reranked with Cohere, Voyage AI, RRF, and weighted/boost/decay strategies.
- Unified Lake-Native Storage. Shared storage for serving and analytics built on Vortex, an open columnar format designed for faster, cheaper random reads than Lance and Parquet, paired with object-storage-aware indexes (vector, BM25, JSON) that cut read amplification by over 90%. A 100-million-row schema backfill typically completes in single-digit minutes — without disrupting active query traffic.
Together, these capabilities let AI teams consolidate what previously required parallel always-on serving clusters and separate batch systems onto one platform — with consistent indexes, versioned data, and compute that scales to zero between jobs.
Availability
Zilliz Vector Lakebase is available now in public preview on Zilliz Cloud, alongside Serverless, Dedicated, and BYOC deployment options across more than 30 regions on AWS, Google Cloud, and Microsoft Azure. New work email signups receive $100 in free credits at zilliz.com. Teams running serving, discovery, and analytics on separate stacks can contact the Zilliz team for a tailored walkthrough.
About Zilliz
Zilliz is a leading AI data infrastructure company and the creator of Milvus, the world's most widely adopted open-source vector database, with 44,000+ GitHub stars and over 100 million Docker pulls. Zilliz helps enterprises and AI startups make their unstructured data searchable, analyzable, and governable — turning text, images, audio, video, and more into a strategic asset for production AI.
Zilliz's technology centers on Milvus and Zilliz Cloud. Milvus is an open-source vector database purpose-built for 100-billion-scale vector search. Zilliz Cloud extends that foundation into a fully managed Vector Lakebase platform, combining the high-throughput, low-latency serving capabilities of vector databases with the openness, scalability, and economics of multimodal data lakes. Zilliz powers more than 10,000 enterprises and AI-native startups worldwide, including MiniMax, OpenEvidence, Filevine, Exa, Salesforce, and Read AI.
Headquartered in Redwood Shores, California, Zilliz is backed by leading investors, including Aramco's Prosperity 7 Ventures, Temasek's Pavilion Capital, Hillhouse Capital, 5Y Capital, Yunqi Partners, and Trustbridge Partners. Learn more at Zilliz.com.
** This press release is distributed by PR Newswire through automated distribution system, for which the client assumes full responsibility. **
Zilliz Launches Vector Lakebase, Extending the World's Most Adopted Vector Database into a Unified Data Platform for AI
