Bybit Integrates Tonstakers for Staking Opportunities

Crypto exchange Bybit has announced the integration of Tonstakers to enhance staking options for its users.

This move follows Bybit’s announcement on December 27 that its Web3 wallet now supports TON blockchain’s leading liquid staking protocol, Tonstakers.

By integrating with Tonstakers, the Bybit Web3 Wallet is taking a significant step to introduce Toncoin (TON) staking to its community. This expansion increases the user’s access to staking opportunities within Bybit’s decentralized finance ecosystem, as noted in the press release.

As staking gains traction, up to 130 million users across the TON blockchain ecosystem can leverage this DeFi integration. Users can stake TON tokens directly within the Bybit Web3 Wallet.

Bybit Web3 wallet users will be able to stake TON and receive Tonstakers’ liquid staking token, tsTON. Holders of tsTON will earn rewards while also contributing to the growth and security of the TON ecosystem. Users can unlock annual returns ranging from 3% to 5%, with compounding support available.

> “As a strong believer in DeFi adoption, Bybit Web3 is committed to bridging the gap between Web2 and Web3, creating simple, easy, and accessible solutions that bring the benefits of decentralized finance to a wider audience. We believe this integration will significantly contribute to the growth and success of the TON ecosystem.”
> Emily Bao, Head of Bybit Web3

Tonstakers boasts a total value locked of over $260 million and ranks among the top protocols for liquid-staked TON in the market.

Additionally, Bybit Web3 Wallet offers various staking options, including support for Ethereum, Sui, and stablecoins USDT and USDC. The wallet also accommodates bbSOL, a Bybit liquid staking token on Solana.

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