Bybit, the world's second-largest cryptocurrency exchange, announced the rollout of Margin Staked SOL, a new product to enhance SOL earnings via leveraged borrowing and staking.
Launch of Margin Staked SOL
On March 17, 2025, Bybit announced the launch of Margin Staked SOL, designed to optimize SOL earnings through leverage of up to 2x. This allows users to tap into the full potential of bbSOL, considerably boosting their on-chain rewards. As of the launch, the net APR stood at over 13%.
Features and Benefits
Margin Staked SOL offers users the flexibility to redeem bbSOL for SOL at any time via an instant or postponed redemption mechanism. This eliminates the need for managing multiple accounts or services, streamlining borrowing, staking, and earning in one place.
How Margin Staked SOL Works
Users have the opportunity to stake SOL into the Margin Staked SOL system, where they automatically borrow funds based on the selected leverage. In return, they receive bbSOL as proof of staking. Users can also grow their bbSOL through optimal rewards allocation managed by Sanctum's smart contract.
The introduction of Margin Staked SOL opens up new opportunities for Bybit users in the world of decentralized finance, helping to maximize staking returns on SOL.
