Thomas Daniels
To improve staking chances for its users, cryptocurrency exchange Bybit has announced its integration with Tonstakers, a top liquid staking system on the TON blockchain. This change is consistent with Bybit’s December 27 news that Tonstakers are now supported in its Web3 wallet.
In a major step toward growing its decentralized finance (DeFi) ecosystem, Bybit’s Web3 Wallet has integrated Tonstakers, allowing users to engage in Toncoin (TON) staking. The exchange stressed that this capability expands its network of more than 130 million TON blockchain users’ access to staking.
Users can now stake TON and get rewards in the form of tsTON, the liquid staking token of Tonstakers, via Bybit’s Web3 Wallet. tsTON holders support the security and expansion of the TON ecosystem while earning staking dividends. Compounding support is provided for increased returns, and the staking rewards vary from 3% to 5% annually.
Bybit Web3 Head Emily Bao emphasized the integration’s strategic significance:
“As a strong believer in DeFi adoption, Bybit Web3 is committed to bridging the gap between Web2 and Web3. We aim to create simple, accessible solutions that bring the benefits of decentralized finance to a wider audience. This integration is poised to significantly contribute to the growth and success of the TON ecosystem.”
Tonstakers is a leading liquid staking mechanism for TON, with over $260 million in total value locked (TVL) at the moment. Bybit’s attempts to expand its staking options—which currently include Ethereum, Sui, USDT, USDC, and bbSOL—Bybit’s liquid staking token for Solana—are strengthened by this partnership.
Bybit’s dedication to encouraging DeFi usage and providing its expanding worldwide user base with state-of-the-art financial solutions is reaffirmed by this endeavor.
