Bybit, a leading cryptocurrency exchange, announced the integration of Tonstakers, a popular liquid staking solution, within its Web3 Wallet. This integration allows users to stake their TON tokens directly within the wallet, earning attractive rewards while maintaining liquidity.
Tonstakers, with a Total Value Locked (TVL) exceeding $260 million, is a prominent protocol for liquid-staking TON. By utilizing Tonstakers, users will receive tsTON, a liquid staking token, which can be used for various DeFi activities while their staked TON continues to earn rewards.
This integration expands Bybit Web3 Wallet's staking options, which already include Ethereum, Sui, and stablecoins like USDT and USDC. The wallet also supports bbSOL, Bybit's own liquid staking token on the Solana blockchain.
"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," said Emily Bao, Head of Bybit Web3. "We believe this integration will significantly contribute to the growth and success of the TON ecosystem."
This move is expected to benefit over 130 million users within the TON blockchain ecosystem by providing them with a convenient and secure way to participate in staking and earn rewards.
December 2024, Cryptoniteuae