Bybit, the 2nd-ranked cryptocurrency exchange at the global level, has announced an exclusive integration of Tonstakers. Tonstakers os a popular protocol for liquidity staking on the well-known blockchain TON, will enhance the DeFi opportunities. This denotes integrating the earliest TON-based staking offering into the Bybit wallet. With this integration, the platform focuses on improving the user experience. Hence, the users will be able to seamlessly stake Toncoin ($TON), getting Tonstakers LST ($tsTON) in return.
Bybit Web3 Wallet Streamlining $TON Staking with $tsTON
Bybit mentioned that the integration of Tonstakers into its Web3 Wallet increases the accessibility with the $tsTON tokens. The platform added that the value of the $tsTON rises every twenty-six hours, relative to the $TON. This ensures competitive rewards as well as contributes to the advancement of the overall TON ecosystem. The integration also lets 130M TON consumers directly leverage TON staking through the Bybit Web3 Wallet.
Bybit has reportedly been significantly contributing to the DeFi adoption with the provision of simplified, user-friendly, and intuitive staking experiences. The current integration denotes another landmark achievement in its journey, enabling consumers to get huge annual returns of approximately 3%-5% range in terms of APY. Tonstakes serves as the key partner in the TON staking endeavor of Bybit Web3. It has a TVL of above $260M and a massive share in the entire liquid-staked TON realm.
The Initiative Unlocks Reward Opportunities and Liquidity
According to Bybit, the Tonstakers integration enables an unparalleled $TON staking with remarkable opportunities to earn rewards in $tsTON. In addition to this, it also allows the users to utilize Tonstakers Earn for a great amount of liquidity with $tsTON. Keeping this in view, the prominent crypto exchange aims to boost DeFi accessibility with Tonstakers.
