DUBAIUnited Arab Emirates, December 27, 2024 /PRNewswire/ — Bybitthe second largest in the world cryptocurrency Exchange, is excited to announce the integration of Tonstakersthe leading liquid staking protocol on the TON blockchain, in its Web3 wallet. This is the first of Bybit Web3’s TON staking offerings, reinforcing its commitment to developing decentralized finance (Challenge) 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 against $TON every 26 hours, ensuring competitive rewards while contributing to the growth and success of the TON ecosystem. The integration also opens the door for 130 million users in the TON ecosystem to access TON staking directly in the Bybit Web3 wallet.
Bybit is dedicated to simplification Challenge adoption by providing intuitive and user-friendly staking experiences. This landmark partnership with Tonstakers allows users to unlock annual returns estimated between 3% and 5% APY, with rewards automatically compounded, reinforcing Bybit’s role as a leader in Challenge accessibility.
Why Tonstakers matters: the first of its kind
Tonstakers is the first partner of Bybit Web3’s TON staking initiative, setting a new standard for staking services. With a total blocked value (TVL) exceeding $260 million and significant market share in the liquid staking TON industry, Tonstakers offers Bybit Web3 Wallet users unparalleled access to the benefits of TON staking:
- Effortless staking: Easily stake tons of $ safely, thanks to the user-friendly interface of the Bybit Web3 wallet.
- Earn $tsTON rewards: Receive tokenized Toncoin ($tsTON), which can be mined in Challenge applications across the TON ecosystem.
- Explore Challenge Liquidity: Engage with Tonstakers Earn to provide liquidity using $tsTON, opening up various earning opportunities.
“Bybit Web3 is proud to deepen our integration with the TON blockchain, a crucial step in our mission to foster a thriving and interconnected Web3 ecosystem,” said Emilie Baoresponsible for Bybit Web3. “This integration allows our users to seamlessly and reliably access TON liquid staking pools and opens up valuable earning opportunities. As a strong supporter of Challenge 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 this integration will significantly contribute to the growth and success of the TON ecosystem. »
Start Staking Today To start staking your $TON and earning with $tsTON, visit and discover the power of Bybit Web3 Wallet integration with Tonstakers. Bybit Web3 Wallet currently supports a wide range of staking services beyond TON tokens, including ETHUSDT, USDC, bbSOL, SUI and more.
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About Bybit Web3
Bybit Web3 redefines openness in the decentralized world, creating a simpler, open and egalitarian ecosystem for all. We are committed to welcoming builders, creators and partners to the blockchain space, extending an invitation to both crypto enthusiasts and the curious, with a community of more than 130 million wallet addresses spread across more than 30 major ecosystem partners, and counting.
Bybit Web3 provides a comprehensive suite of Web3 products designed to make accessing, exchanging, collecting and growing Web3 assets as open and simple as possible. Our wallets, marketplaces and platforms are all backed by the security and expertise that defines Bybit as the second largest global provider cryptocurrency exchange by transaction volume, trusted by more than 60 million users worldwide.
Join the revolution now and open the door to your Web3 future with Bybit.
For more details about Bybit Web3, please visit Bybit Web3.
About Bybit
Bybit is the second largest cryptocurrency exchange by transaction volume, serving a global community of over 60 million users. Founded in 2018, Bybit is redefining openness in the decentralized world by creating a simpler, open and egalitarian ecosystem for all. With a strong focus on Web3, Bybit strategically partners with leading blockchain protocols to provide robust infrastructure and drive on-chain innovation. Known for its secure custody, diverse markets, intuitive user experience and advanced blockchain tools, Bybit bridges the gap between TradFi and Challengeenabling builders, creators and enthusiasts to unlock the full potential of Web3. Discover the future of decentralized finance to Bybit.com.
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