Token

Solana

Emily

Spot

The second-largest cryptocurrency exchange in the world based on trading volume, <a href="https://www.bybit.com/en/press" target="_blank" rel="noopener noreferrer nofollow">Bybit</a>, is excited to announce the ongoing development and expansion of its ground-breaking liquid staking token, bbSOL. bbSOL, Bybit’s first Liquid Staking Token (LST), keeps providing users with an easy, safe option to stake SOL and get lucrative payouts.
The rapid adoption&nbsp;of bbSOL has quickly increased its total locked value to above $100 million USD. In addition to staking benefits, holders of bbSOL may now take advantage of <a href="https://www.bybit.com/en/web3/staking/BybitSOL" target="_blank" rel="noopener noreferrer nofollow">three significant options</a> to increase their earning potential:
<ul class="wp-block-list">
 <li>Providing Liquidity to bbSOL Trading Pairs: On decentralized exchanges like Orca, Raydium, and Kamino, users may provide liquidity in return for trading fees.</li>
 <li>Using bbSOL as Collateral: Users may lend, borrow, and unlock better returns by using bbSOL as collateral on partner platforms like as Drift, Kamino, marginfi, and Save.</li>
 <li>Restaking bbSOL to Earn Extra Rewards: Users may restake bbSOL to earn additional rewards while bolstering the security and governance of the Solana network by using partner platforms such as Solayer.</li>
</ul>
Emily Bao, Head of Spot and Web3 at Bybit added:
<blockquote class="wp-block-quote is-layout-flow wp-block-quote-is-layout-flow">
 “We’re excited to see bbSOL’s continued growth and success. The increasing total locked value demonstrates the trust and confidence our users have in bbSOL as a reliable and rewarding digital asset.”
</blockquote>
The fact that bbSOL is available on both centralized and decentralized exchanges confirms its standing as a leading&nbsp;liquid staking token. Bybit is still dedicated to providing cutting-edge products&nbsp;and services that enable consumers to prosper in the digital assets space.

Bybit’s bbSOL Surpasses $100M TVL, Unlocks New Earning Potential

TheNewsCrypto

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