Cryptocurrency exchange Bybit announced the launch of Margin Staked SOL, a new product allowing users to increase their SOL income through a strategy utilizing leverage.
Launch of Margin Staked SOL on Bybit
Bybit, the world's second-largest cryptocurrency exchange by trading volume, has introduced a new product called Margin Staked SOL. This product allows users to significantly increase their SOL income by utilizing a leverage strategy up to 2x and staking. As of March 17, 2025, the Annual Percentage Rate (APR) for this product is over 13%.
Functionality and Benefits of Margin Staked SOL
Margin Staked SOL allows Bybit users to easily borrow and stake SOL in one platform, eliminating the need for managing multiple services. Users can access their assets with either instant or postponed redemption, providing an option for a better exchange rate without gas fee.
Bybit Team's View on the New Product
Emily Bao, Head of Spot and Web3 at Bybit, stated: “Our mission is to empower users to make the most of their staked assets with innovative solutions. We provide a streamlined way for users to leverage their digital assets within decentralized finance.”
Bybit continues to be one of the leading players in the cryptocurrency market by introducing cutting-edge solutions for its users, allowing for efficient management of digital assets.
