KEY TAKEAWAYS
- Bybit introduces new staking opportunities through its Launchpool platform, allowing users to stake bbSOL on Solana for rewards in OBT and SOSO tokens.
- The bbSOL token, backed by Bybit, is gaining traction with $240 million in total value locked, offering a stable entry into the Solana ecosystem.
- Participants can earn up to 55% APY by staking bbSOL, ETH, or USDT, with additional perks for VIP users during the promotional period.
- Bybit’s initiative aims to expand its Web3 ecosystem, enhancing on-chain capabilities and providing users with versatile on-chain opportunities.
Bybit, recognized as the world’s second-largest cryptocurrency exchange by trading volume, has announced new staking opportunities through its Launchpool platform. Users can now engage in mining activities by staking bbSOL, a liquid staking token on Solana, to earn rewards in OBT and SOSO tokens.
The introduction of bbSOL staking aims to provide Bybit users with a seamless way to participate in the Solana ecosystem. This innovative staking solution is designed to balance growth and stability, even in volatile market conditions. As the first exchange-backed token of its kind, bbSOL is gaining traction, with $240 million in total value locked.
Exclusive Rewards Through OBT and SOSO Pools
Bybit’s Launchpool offers exclusive opportunities for users to earn a share of 80 million OBT and 4 million SOSO tokens. The OBT Launchpool is available until January 27, 10:00 UTC, while the SOSO Launchpool runs until January 31, 10:00 UTC. Participants can stake bbSOL, ETH, or USDT to earn OBT tokens, or stake SOSO, bbSOL, or USDT to earn SOSO tokens.
During the promotional period, users can mint bbSOL using SOL on Bybit Web3 with their Bybit Web3 Wallet. They will also receive subsidies on minting fees. In addition to the base LST reward of 8% APY, users can transfer their bbSOL to Bybit’s main platform to participate in Launchpool’s staking mining, potentially earning additional rewards of up to 55% APY. VIP users are eligible for exclusive APY perks.
Expanding Bybit’s Web3 Ecosystem
Bybit’s comprehensive rewards program is part of its broader mission to enhance its Web3 ecosystem and strengthen on-chain capabilities. The bbSOL token is positioned as a versatile tool for accessing on-chain opportunities. For more details on Bybit’s Launchpool events, users can visit the official announcement here.
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