Cryptocurrency exchange Bybit has introduced a new product, Margin Staked SOL, aimed at helping users enhance SOL earnings through leveraged borrowing and staking.
Launch of Margin Staked SOL
Bybit, the world's second-largest cryptocurrency exchange by trading volume, has launched a new product called Margin Staked SOL. This product allows users to optimize their SOL earnings by leveraging up to 2x. As of March 17, 2025, the annual percentage rate of Bybit Margin Staked SOL stood at over 13%.
How Margin Staked SOL Works
The platform offers users the ability to stake SOL, enabling the system to automatically borrow funds based on the chosen leverage level. In exchange for the staked assets, users receive bbSOL, Bybit's Liquid Staking Token. Users also benefit from flexible redemption options for bbSOL back to SOL: either instant redemption with no gas fee or postponed redemption with a better exchange rate.
Statements from Bybit Representatives
Emily Bao, Head of Spot and Web3 at Bybit, stated: “Our mission is to empower users to make the most of their assets through innovative solutions. With Margin Staked SOL, we provide a straightforward way for users to leverage their digital assets and fully capitalize on the opportunities within decentralized finance.”
The launch of Margin Staked SOL on Bybit provides new opportunities for users interested in maximizing their earnings through flexible staking and borrowing tools.
