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Bybit Web3 Wallet Integrates Tonstakers: The First of Its TON Staking Offerings to Expand DeFi Opportunities
Bybit, the world’s second-largest cryptocurrency exchange by trading volume, has recently announced the integration of Tonstakers, the leading liquid staking protocol on the TON blockchain, into its Web3 Wallet. This groundbreaking move marks a significant milestone in Bybit Web3’s mission to expand decentralized finance (DeFi) opportunities for its users.
With this integration, Bybit Web3 Wallet users can now seamlessly stake Toncoin ($TON) and receive $tsTON (Tonstakers LST) in return. The value of $tsTON increases relative to $TON every 26 hours, ensuring competitive rewards while contributing to the growth and success of the TON ecosystem.
Bybit’s commitment to fostering a more inclusive and accessible DeFi environment is exemplified through its extensive range of staking services. In addition to supporting TON tokens, Bybit Web3 Wallet currently provides staking options for ETH, USDT, USDC, bbSOL, SUI, and other prominent blockchain protocols.
As the world’s second-largest cryptocurrency exchange by trading volume, serving a global community of over 60 million users, Bybit is uniquely positioned to drive on-chain innovation and bridge the gap between TradFi and DeFi. Through strategic partnerships with leading blockchain protocols, Bybit has emerged as a trusted name in the industry for its robust infrastructure and secure custody.
By integrating Tonstakers into its Web3 Wallet, Bybit is taking significant strides towards opening up new avenues of investment and growth opportunities within the TON ecosystem. The company’s innovative approach aims to empower builders, creators, and enthusiasts alike to unlock the full potential of DeFi.
“We are thrilled to announce this integration with Tonstakers, marking a major milestone in our ongoing efforts to democratize access to Web3 services,” said [Name], Bybit’s Chief Executive Officer. “Our commitment to fostering an inclusive DeFi environment remains unwavering, as we continue to explore innovative ways to provide users with the tools and resources necessary to thrive in this rapidly evolving space.”
For more information on Bybit’s latest developments or to learn more about the company’s Web3 initiatives, please visit Bybit.com.
Source: cryptocurrencynews.com
