KEY TAKEAWAYS
- Bybit launches Margin Staked SOL, enabling users to optimize SOL earnings through leveraged borrowing and staking.
- The new product offers a net APR of over 13%, providing significant earning potential for users.
- Users can redeem bbSOL for SOL with flexible options, maintaining control over their assets.
- Bybit aims to empower users with innovative solutions to maximize their digital asset leverage in decentralized finance.
Bybit, recognized as the world’s second-largest cryptocurrency exchange by trading volume, has announced the launch of Margin Staked SOL, a new product aimed at optimizing SOL earnings through leveraged borrowing and staking. This initiative allows users to leverage up to 2x, potentially unlocking greater earning opportunities with Bybit’s Liquid Staking Token, bbSOL. As of March 17, 2025, the net annual percentage rate (APR) for Bybit Margin Staked SOL was reported to be over 13%.
The Margin Staked SOL product is designed to redefine earning opportunities on SOL by enabling users to grow their holdings through leveraged borrowing and staking. Bybit’s platform offers a streamlined experience, allowing users to borrow, stake, and earn in one place, eliminating the complexities associated with managing multiple accounts or services.
Users have the flexibility to redeem bbSOL for SOL at any time through two methods: Instant Redemption, which provides immediate SOL without a gas fee, and Postponed Redemption, which offers a better exchange rate compared to instant redemption, also without a gas fee waiver. These options ensure that users maintain control over their assets and can adapt their strategies as needed.
How Bybit’s Margin Staked SOL Works
To utilize Margin Staked SOL, users stake their SOL, allowing the system to automatically borrow funds based on the selected leverage. In return, users receive bbSOL as proof of their staked SOL. The yield accrual process involves locking in to grow bbSOL through optimal rewards allocation managed by Sanctum’s smart contract. Users can freely redeem bbSOL for SOL, with any remaining SOL credited to their Funding Account after repaying the borrowed amount and interests.
Emily Bao, Head of Spot and Web3 at Bybit, stated, “Our mission is to empower users to help them make the most of their staked assets with innovative solutions. With Margin Staked SOL, we provide a straightforward way for users to leverage their digital assets and take full advantage of the opportunities within decentralized finance.”
For more details on how Margin Staked SOL works, users can read the Introduction to Margin Staked SOL.
Why This Matters: Impact, Industry Trends & Expert Insights
Bybit’s launch of Margin Staked SOL introduces a new way for users to enhance their SOL earnings through leverage, offering potentially higher returns by using Bybit’s Liquid Staking Token, bbSOL.
A BitMart Research report highlights the growing institutional confidence in Bitcoin staking protocols and the evolution of DeFi platforms with improved regulatory clarity. This aligns with Bybit’s introduction of leveraged staking products, which could attract more traditional financial institutions and investors seeking to maximize returns in a technologically advanced crypto landscape.
Recent expert opinions emphasize Solana’s role in the decentralized finance space due to its high transaction speeds and low fees. This supports Bybit’s focus on leveraging SOL in their new product, highlighting Solana’s potential as a leader in DeFi and its attractiveness for developers and investors looking for scalable and efficient platforms.
Explore More News:
Disclaimer: The views expressed in this article are those of the authors and do not necessarily reflect the official policy of CoinsHolder. Content, including that generated with the help of AI, is for informational purposes only and is not intended as legal, financial, or professional advice. Readers should do their research before taking any actions related to the company and carry full responsibility for their decisions.
