Dubai, United Arab Emirates, 14 October 2024, Chainwire
Bybit, the world's second largest crypto change by buying and selling quantity, is happy to announce the continued development and growth of its modern liquid token bbSOL. As Bybit's inaugural Liquid Staking Token (LST), bbSOL continues to supply customers a seamless and safe solution to stake SOL and earn aggressive rewards.
The fast adoption of bbSOL pushed its whole locked worth previous $100 million in a brief interval. Along with wagering rewards, bbSOL holders can now additional improve their incomes potential by way of three key alternatives:
- Offering liquidity to bbSOL buying and selling pairs: Customers can earn buying and selling charges by contributing liquidity to decentralized exchanges corresponding to Orca, Raydium and Kamino.
- Utilizing bbSOL as collateral: bbSOL can be utilized as collateral on accomplice platforms together with Drift, Kamino, marginfi, Save, permitting customers to lend, borrow and unlock greater returns.
- Re-staking bbSOL for added rewards: By accomplice platforms corresponding to Solayer, customers can re-stake bbSOL to earn further rewards whereas supporting community safety and administration.
“We’re excited to see the continued development and success of bbSOL. The growing whole locked worth demonstrates our customers' confidence and belief in bbSOL as a dependable and rewarding digital asset,” added Emily Bao, Head of Spot and Web3 at Bybit.
As bbSOL's attain extends throughout each centralized and decentralized exchanges, it solidifies its place as a number one liquid token. Bybit stays dedicated to providing modern services that allow customers to thrive within the digital asset area.
#Bybit / #TheCryptoArk
About Bybit
Bybit is the second largest cryptocurrency change on this planet by buying and selling quantity, serving greater than 50 million customers. Based in 2018, Bybit offers an expert platform the place crypto buyers and merchants can discover an ultra-fast matching engine, 24/7 customer support and multilingual group assist. Bybit is a proud accomplice of System 1's reigning champion constructors and drivers: the Oracle (NYSE: ) Crimson Bull Racing staff.
For extra particulars about Bybit, customers can go to Bybit Press.
For media inquiries, customers might contact: media@bybit.com
For extra data, customers can go to: https://www.bybit.com
For updates, customers can comply with: Bybit's communities and social media
ContactHead of PRTony AuBybittony.au@bybit.com
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