CandleFocus Bybit brings bbSOL yield to more users via key DeFi integrations
2024-11-15
Author: Content Editor
Bybit, the second-largest crypto exchange by trading volume, is expanding yield opportunities for holders of its liquid staking token, bbSOL, by integrating with various decentralized finance (DeFi) platforms. The exchange has partnered with RateX, marginfi, and Save to strengthen bbSOL, and has introduced synthetic yield farming through its collaboration with leveraged yield exchange RateX. Bybit is also collaborating with leading Solana lending and borrowing protocols Save and marginfi to increase bbSOL dominance. These partnerships bring a total value locked of $900 million in liquidity to bbSOL. Bybit launched bbSOL, its first exchange-backed liquid staking token, in September.
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