Dubai, United Arab Emirates, September 19th, 2024,
Chainwire
Bybit, the world’s second-largest crypto exchange by
trading volume, is making waves with its own SOL-based Liquid
Staking Token (LST) in the global race to reinvent yield on
Solana.
Bybit Web3 announced a renewed APY
boost of up to 20% for a limited time from Sep. 19. This innovative
liquid staking model, available exclusively on Bybit, enables users
to seamlessly access Solana’s rapidly expanding ecosystem while
earning staking rewards in Bybit Web3.
Since its launch on Sep.5, bbSOL, has demonstrated the
immense potential of this next-generation staking solution,
bridging between mainstream users on exchange platforms and the
Solana ecosystem. Surpassing $5 million in Total Value Locked (TVL)
within 24 hours upon launch, bbSOL has doubled the TLV benchmark
since then hitting eight digits.
“We are encouraged by the love for bbSOL. It truly
speaks to the global crypto community’s excitement about the future
of Solana. In coming months, Bybit and our partners will be
activating a series of campaigns, yield opportunities and liquidity
protocols to show our appreciation for the bbSOL community,” said
Emily Bao, Web3 Evangelist at Bybit.
Good for the portfolio, good
for Solana
At the forefront of CeDeFi
connectivity, Bybit Web3 has first-mover advantage as a major
player to bridge centralized and decentralized finance for global
users. Through bbSOL, Bybit is pushing the boundaries of financial
freedom and inclusion for the Web3 community.
Key benefits of bbSOL:
- Effortless and seamless CeDeFi access from the
security of Bybit’s exchange into Solana’s growing DeFi
ecosystem
- Flexible, fuss-free access to liquidity with no
lock-in: users can maintain exposure to SOL while
achieving portfolio diversification
- Foster a stronger CeDeFi community together with
Solana: bbSOL gives users meaningful opportunities to
support security and decentralization on the Solana network while
earning competitive rewards
#Bybit / #TheCryptoArk / #BybitWeb3
About Bybit Web3
Bybit Web3 is redefining openness in
the decentralized world, creating a simpler, open, and equal
ecosystem for everyone. We are committed to welcoming builders,
creators, and partners in the blockchain space, extending an
invitation to both crypto enthusiasts and the curious, with a
community of over 10 million wallet users, over 20 major ecosystem
partners, and counting.
Bybit Web3 provides a comprehensive
suite of Web3 products designed to make accessing, swapping,
collecting and growing Web3 assets as open and simple as possible.
Our wallets, marketplaces and platforms are all backed by the
security and expertise that define Bybit as a top 3 global crypto
exchange, trusted by 40 million users globally.
Users can join the revolution and
unlock their Web3 future with Bybit.
For more details about Bybit, users can
visit Bybit Web3.
About Bybit
Bybit is the world’s second-largest
cryptocurrency exchange by trading volume, serving over 40 million
users. Established in 2018, Bybit provides a professional platform
where crypto investors and traders can find an ultra-fast matching
engine, 24/7 customer service, and multilingual community support.
Bybit is a proud partner of Formula One’s reigning Constructors’
and Drivers’ champions: the Oracle Red Bull Racing team.
For more details about Bybit, users can visit Bybit Press
For media inquiries, users can contact: media@bybit.com
For more information, users can visit: https://www.bybit.com
For updates, users can follow: Bybit's Communities and Social
Media
Contact
Head of PR
Tony
Au
Bybit
tony.au@bybit.com