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Solayer collaborates with Bybit to launch liquidity staking token bbSOL.

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#DeFi
$SOL
$MAG7.SSI
$LAYER
TechFlow
470Words
Sep 5, 2024

DeepChain TechFlow News, on September 5th, according to official sources, Solana's ecosystem re-staking protocol Solayer announced a collaboration with Bybit, Sanctum, Kamino Finance, and Orca to launch an innovative exchange-supported liquidity staking token (LST) bbSOL. As the official LST of Bybit, bbSOL will serve as a crucial bridge between centralized and decentralized operations on the exchange. bbSOL holders can earn diversified income, including staking, liquidity mining, MEV rewards, and re-staking. As the inaugural partner, Solayer provides native support for bbSOL, allowing users to earn additional income by delegating tokens to AVS. Since the mainnet launch last month, Solayer has attracted over 112 thousand unique wallets depositing over 190 million USD worth of $SOL, establishing itself as one of the leading re-staking platforms in the Solana ecosystem.

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