Bybit has released bbSOL, a liquid staking token built on the Solana blockchain that lets users earn rewards for staking while keeping the worth of their tokens safe. With this new project, token users will be able to better handle their assets without locking them up. This will give them more options for selling and investing. Bybit is working with Sanctum, Kamino Finance, Orca, and Solayer on the start of BBSOL. The goal is to improve Solana’s environment and increase user returns.
When users stake Solana coins on Bybit’s platform, they get BBSOL, which shows how much they’ve made. This approach for liquid staking is similar to ones that have worked well on Ethereum, where liquid staking has grown a lot. With bbSOL, Solana users can now earn passive income, take part in decentralized finance (DeFi) opportunities, and still move their assets around as needed.
Adding bbSOL to Bybit’s services makes its position in the cryptocurrency world stronger. It gives project creators, decentralized platforms, and liquidity providers a way to improve liquidity, bring in new users, and help Solana’s network grow.
