Bybit Has A Staking Toncoin Feature

JAKARTA - The world's leading crypto trading platform, Bybit, strengthens its position in the decentralized financial sector (DeFi) with the addition of new features. In an official announcement, Bybit reportedly began to integrate Tonstakers on its trading platform.

For your information, Tonstakers is a popular liquid staking protocol from blockchain TONS. Tonstakers will be integrated with ByBit's Web3 wallet. This stake feature is expected to make it easier for platform users to stake Toncoin (TON).

That way, Bybit users can immediately stake TONS through their Web3 wallet and receive Tonstake Liquid Sticked Toncoin (tston) in return. Emily Bao, Head of Web3 Bybit, expressed optimism for this development.

"This integration extends DeFi's reach to a wider audience, bringing us closer to DeFi's mass adoption," Emily said.

Tonstakers is Bybit's first partner in the TON staking sector. This protocol offers the benefits of liquid staking with a total locked value (TVL) of more than US$260 million or around Rp4.21 trillion. With this step, more than 130 million blockchain TON users can easily access the staking feature through the Web3 Bybit wallet.

Not only supporting staking TONS, Web3 Bybit wallet users will be able to staking a number of other crypto assets such as Ethereum (ETH), Tether (USDT), Circle (USDC), bbSOL, and SUI.

This platform provides automated yield management with an annual yield of between 3% and 5%. This approach places Bybit as one of the leaders in facilitating access to DeFi, making it an innovation center for experienced users and newcomers.

Currently, Bybit has entered into partnerships with more than 30 ecosystems that support the growth of the Web3 community. With more than 130 million active wallet addresses, Bybit continues to strengthen its position as a major player in Web3 transformation.