Bybit adds TON staking with Tonstakers integration

Crypto exchange Bybit announced the integration of Tonstakers to offer new staking opportunities to its users.

This comes after the exchange announced on December 27 that its web3 wallet now supports Tonstakers, the TON blockchain’s leading liquid staking protocol.

Bybit Web3 Wallet takes the first step in bringing Toncoin (TON) staking to the community by integrating with Tonstakers. Bybit stated in its press release that this move expands the staking opportunities users can benefit from within the platform’s decentralized finance ecosystem.

As staking grows across the ecosystem, up to 130 million TON blockchain ecosystem users will have the opportunity to benefit from this DeFi integration. Staking of TON tokens will be accessible directly from within the Bybit Web3 Wallet.

In this case, users of Bybit’s web3 wallet will be able to stake TON and receive tsTON, Tonstakers’ liquid staking token. LST holders will earn rewards while contributing to the growth and security of the TON ecosystem. Bybit Web3 Wallet users can earn annual returns between 3% and 5% thanks to compound support.

“A strong believer in DeFi adoption, Bybit Web3 is committed to bridging the gap between Web2 and Web3, creating simple, easy and accessible solutions that bring the benefits of decentralized finance to a wider audience. We believe that this integration will make a significant contribution to the growth and success of the TON ecosystem.”

Emily Bao, president of Bybit Web3

The total value of Tonstakers is over $260 million and ranks as one of the best protocols for liquid staking TON in the market.

Meanwhile, Bybit Web3 Wallet offers a variety of staking options, including support for Ethereum, Sui, and stablecoins USDT and USDC. The wallet also supports bbSOL, a Bybit liquid staking token on Solana.