As a seasoned analyst with years of experience navigating the dynamic landscape of decentralized finance (DeFi), I find Bybit’s latest move to integrate Tonstakers into its web3 wallet particularly noteworthy. With my finger on the pulse of the industry, I can confidently say that this integration is a strategic step towards expanding access to DeFi opportunities for a wider audience.
Bybit cryptocurrency platform has shared plans to add TonStakers, expanding staking options for their users.
According to the announcement made on December 27, the exchange has integrated support for the primary liquid staking protocol of the TON blockchain, Tonstakers, in its web3 wallet.
By partnering with Tonstakers, Bybit Web3 Wallet is initiating a process that allows Toncoin (TON) staking to be accessible to the community. This action broadens the staking options available within its decentralized finance environment, as stated in the press release issued by Bybit.
In the expanding TON blockchain ecosystem, approximately 130 million users can now engage with Decentralized Finance (DeFi) through staking. Conveniently, users can stake their TON tokens directly from the Bybit Web3 Wallet.
As a crypto investor, I’m excited about the opportunity to use Bybit’s web3 wallet to stake TON and receive tsTON, Tonstakers’ liquid staking token. Owning tsTON not only allows me to earn rewards but also contributes to the growth and security of the TON ecosystem. With potential annual returns ranging from 3% to 5%, and the added benefit of compounding support, this seems like a great way to grow my crypto portfolio while supporting a promising project.
In line with my firm conviction in the widespread adoption of Decentralized Finance (DeFi), Bybit Web3 is dedicated to narrowing the divide between Web2 and Web3, offering uncomplicated, user-friendly, and inclusive solutions. Our aim is to make the advantages of decentralized finance accessible to more people. We are confident that this integration will notably boost the expansion and prosperity of the TON ecosystem.
Emily Bao, head of Bybit Web3
As an analyst, I can confidently state that I find myself analyzing Tonstakers, a notable platform with a staggering Total Value Locked (TVL) exceeding $260 million. This positions it among the elite in the realm of liquid-staked TON protocols within the market.
Simultaneously, Bybit’s Web3 Wallet provides various staking alternatives, such as compatibility with Ethereum, Sui, as well as stablecoins like USDT and USDC. Additionally, the wallet is equipped to handle bbSOL, a liquid staking token from Bybit on the Solana network.
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2024-12-27 19:26