Bybit Web3 Wallet Now Features Tonstakers, Boosting Opportunities for TON Staking and DeFi Engagement
In Brief
Bybit introduces Tonstakers to its Web3 Wallet, marking the debut of its TON staking services and allowing users to earn rewards by exchanging TON for tsTON.
Cryptocurrency exchange Bybit the announcement regarding the inclusion of a liquid staking protocol Tonstakers on The Open Network Bybit has integrated the protocol into its Web3 Wallet, marking the inaugural staking opportunity for TON and showcasing its commitment to enhancing decentralized finance (DeFi) tools for its users.
With this new addition, Bybit Web3 Wallet users can stake their TON effortlessly and receive tsTON, the liquid staking token provided by Tonstakers. Notably, the value of tsTON is designed to appreciate in relation to TON approximately every 26 hours, ensuring attractive rewards that also help expand the TON ecosystem. Moreover, this advancement empowers 130 million users within the TON community to stake their TON directly from the Bybit Web3 Wallet.
Bybit is committed to making DeFi more accessible by offering straightforward and user-oriented staking processes. Through its collaboration with Tonstakers, users can expect annual yields estimated between 3% and 5% APY, with rewards being automatically reinvested, further cementing Bybit’s status as a front-runner in DeFi accessibility.
Tonstakers, Bybit Web3’s initial partner in its TON staking venture, is establishing new benchmarks in staking services. With a total value locked (TVL) exceeding $260 million and holding a significant share in the liquid Staked TON market, Tonstakers grants Bybit Web3 Wallet users remarkable access to staking opportunities. Users can easily stake their TON through a user-friendly interface, obtaining tokenized tsTON for integration into DeFi applications across the TON landscape, and delve into DeFi liquidity through interactions with Tonstakers Earn, which unlocks various earning potentials.
Bybit Web3 Wallet Broadens Staking Services With Diverse Options
Bybit ranks among the largest cryptocurrency exchanges globally by trading volume, boasting over 50 million users. Its Bybit Web3 platform provides a vast array of Web3 offerings aimed at simplifying access, swapping, collecting, and expanding Web3 assets. The Bybit Web3 Wallet includes a variety of staking services, catering to ETH, USDT, USDC, bbSOL, SUI, and beyond.
Recently, Bybit Web3 unveiled in conjunction with the Sui Wonderland 2024 campaign. This initiative underscores Bybit Web3's commitment to enhancing user experiences while nurturing the development of blockchain ecosystems through innovative and accessible engagement.
Disclaimer
In line with the Trust Project guidelines Please understand that the information on this page should not be taken as legal, tax, investment, or financial advice. It's crucial to invest only what you can afford to lose and to seek professional consultation if you have any uncertainties. For more details, we recommend checking the terms and conditions as well as the help and support documents provided by the issuer or advertiser. MetaversePost is dedicated to delivering accurate and unbiased information; however, market conditions may evolve without prior notice.
