Bybit’s TON Play: Earn, Stake, and Grow with Liquid Rewards

Bybit has taken a strategic leap by integrating Tonstakers, the TON blockchain’s premier liquid staking protocol, into its Web3 wallet. This collaboration paves the way for innovative DeFi staking opportunities for over 130 million users in the TON ecosystem, enabling seamless access to staking rewards.

• Bybit Web3 Wallet now supports Tonstakers, a leading liquid staking protocol on the TON blockchain.
• Stake Toncoin to earn rewards while supporting a decentralized blockchain model.
• Tonstakers unlocks annual compounding returns between 3%-5% for Bybit users.

With this integration, Bybit Web3 Wallet users gain the ability to stake Toncoin (TON) and receive Tonstakers’ liquid staking token, tsTON. This approach ensures not only steady rewards but also enhances the growth and security of the TON blockchain. Bybit’s move underscores its commitment to fostering blockchain innovation and adoption.

Tonstakers ranks among the top liquid staking protocols globally, with a total value locked (TVL) exceeding $260 million. This partnership amplifies Bybit’s role in bridging traditional finance with the Web3 ecosystem, promoting a decentralized financial

The TON blockchain has emerged as a powerhouse in the decentralized ecosystem, leveraging its scalable infrastructure to drive innovation across industries. Its growing list of collaborations with prominent brands and platforms, including Bybit and Tonstakers, underscores its potential to revolutionize blockchain development. These partnerships not only expand the utility of Toncoin but also position TON as a vital player in advancing Web3 adoption and crypto investing on a global scale.

The Bybit Web3 Wallet offers versatile staking opportunities beyond Toncoin, supporting Ethereum, Sui, and stablecoins like USDT and USDC. The wallet also features bbSOL, a liquid staking token on Solana, further diversifying options for crypto investing enthusiasts.

Expert Opinion And Quotes

Emily Bao, Head of Bybit Web3: "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." - Source

FAQs

What is DeFi staking, and how does it work?
DeFi staking involves locking cryptocurrencies in decentralized protocols to earn rewards. Bybit’s integration with Tonstakers allows users to stake Toncoin and earn liquid staking tokens, enabling both rewards and ecosystem security.

How does the decentralized model benefit users?
A decentralized model eliminates intermediaries, giving users greater control, transparency, and rewards from protocols like Tonstakers, which supports blockchain development and ecosystem growth.

What makes Tonstakers unique in the TON ecosystem?
Tonstakers is the leading liquid staking protocol for the TON blockchain, with over $260 million in total value locked. It offers competitive returns and compounding benefits for stakeholders.

What are the potential rewards for staking Toncoin?
Bybit Web3 Wallet users can earn annual returns between 3%-5% on staked Toncoin, with compounding options available through Tonstakers.

How does Bybit support crypto investing beyond Tonstakers?
Bybit’s Web3 Wallet supports a range of staking options, including Ethereum, Solana, and stablecoins, making it a versatile platform for crypto investors.