Bybit, the second largest cryptocurrency exchange in the world, has announced the integration of Tonstakers, the leading liquid stake protocol on the TON blockchain, into its Web3 wallet. This initiative represents a significant step in Bybit Web3’s TON staking offering and underscores the platform’s commitment to expanding decentralized finance (DeFi) opportunities for its growing user base.
Through this integration, Bybit Web3 wallet users can now effortlessly stake Toncoin (TON) and receive tokenized, staked Toncoin ($tsTON) in return. The value of $tsTON is programmed to increase relative to $TON approximately every 26 hours to ensure competitive staking rewards while contributing to the overall success of the TON blockchain ecosystem. By enabling direct access to TON stakes for 130 million ecosystem users, this development simplifies participation in the network’s activities.
Take advantage with seamless DeFi access
Bybit has reiterated its focus on simplifying DeFi adoption by providing intuitive and easy-to-use staking solutions. Through this partnership with Tonstakers, users can earn estimated annual returns between 3% and 5% APY, with rewards automatically compounded for added convenience. Such features strengthen Bybit’s position as a leader in the DeFi sector by bringing advanced financial tools to a wider audience.
Tonstakers has set a high benchmark for staking services as Bybit’s first partner in its Web3 TON staking initiative. The protocol has a Total Value Locked (TVL) of over $260 million and dominates the liquid-staked TON sector. This collaboration allows users to…
