Cryptocurrency exchange Bybit has announced new strategic integrations for its bbSOL offering, aimed at creating additional yield opportunities through partnerships with RateX, marginfi, and Save.
Strategic Integration with RateX
Bybit has introduced an integration with RateX, offering bbSOL holders new synthetic yield options. Through RateX, users can trade synthetic Yield Tokens (YT) of various yield-bearing assets with leverage, enhancing their capital gains.
Growing TVL with Save and marginfi
Bybit is also enhancing bbSOL's features through partnerships with lending and borrowing protocols Save and marginfi. Together, they have nearly $900 million in Total Value Locked (TVL), providing users with opportunities to optimize yield through decentralized mechanisms.
Competitive Yield for bbSOL
bbSOL offers a yield of up to 22%, combining base and additional DeFi yields. With no commission fees and flexible fund withdrawal options, it's an attractive proposition for users aiming to maximize their crypto assets.
With new integrations, Bybit strengthens its position as a leading CeDeFi player, offering bbSOL holders diverse and flexible financial products for yield enhancement.
