#Bybit #Dubai #UAE #Tonstakers #TON

Bybit Web3 Wallet Integrates Tonstakers for a New Era in Staking

In an exciting development for the world of decentralized finance (DeFi), Bybit, recognized as the second-largest cryptocurrency exchange globally, has announced the integration of Tonstakers into its Web3 Wallet. This move signifies the launch of Bybit’s first staking offering related to the TON blockchain, marking a pivotal moment in its pursuit to expand DeFi opportunities for its growing user base.

Unlocking Staking Benefits with Tonstakers

The addition of Tonstakers allows Bybit Web3 Wallet users to stake Toncoin ($TON) effortlessly. Once staked, users receive $tsTON, representing their liquid staking token. Notably, $tsTON is designed to appreciate in value relative to $TON every 26 hours, ultimately ensuring users receive competitive rewards while fostering the development of the TON ecosystem.

What makes this integration particularly exciting is that it opens TON staking to an extensive network of approximately 130 million users who are part of the TON ecosystem. Bybit aims to simplify the adoption of DeFi platforms by providing a user-friendly staking experience, an endeavor that aligns with their mission to democratize access to cryptocurrency services.

Quantifiable Rewards for Users

With the integration of Tonstakers, users can anticipate annual returns estimated between 3% and 5% APY, along with automatic compounding of rewards. This strategy cements Bybit's standing as a leader in promoting the accessibility of DeFi, making it alluring not only to seasoned investors but also to those new to the staking landscape.

Why Tonstakers Holds Significance

As the first partner in Bybit Web3's TON staking initiative, Tonstakers sets a new benchmark for the provision of staking services. With a total value locked (TVL) surpassing $260 million and substantial market share in the liquid-staking area for TON, Tonstakers endows Bybit Web3 Wallet users with exclusive access to its staking benefits.

The intuitive interface of Bybit Web3 Wallet allows users to stake $TON confidently. Furthermore, users receive $tsTON, which can be utilized in various DeFi applications within the TON ecosystem, hence unlocking a plethora of earning opportunities.

Engaging with DeFi liquidity

Bybit Web3 Wallet users can engage with Tonstakers to provide liquidity, thereby broadening their earning potential across the DeFi landscape. This collaboration not only empowers users with straightforward access to TON liquid staking pools but also allows them to engage more meaningfully in the decentralized financial space.

"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," remarked Emily Bao, Head of Bybit Web3. “This integration enables seamless and trusted access to TON liquid staking pools and uncovers valuable earning opportunities. We believe this collaboration will significantly contribute to the growth and prosperity of the TON ecosystem."

Getting Started with Staking

For those eager to take advantage of $TON staking opportunities and earn with $tsTON, it’s easy to get started. Simply visit Bybit Web3's staking page to explore the potent integration with Tonstakers. Beyond TON tokens, Bybit Web3 Wallet supports an extensive array of staking services, incorporating ETH, USDT, USDC, bbSOL, SUI, and much more.

About Bybit Web3

Bybit Web3 is leading the charge in fostering openness within the decentralized domain, sculpting an ecosystem that is inclusive and accessible to everyone. With over 130 million wallet addresses across more than 30 pivotal ecosystem partners, Bybit Web3 welcomes builders, creators, and interested parties in the blockchain arena. Bybit Web3 is committed to delivering comprehensive Web3 solutions, ensuring the accessibility, exchange, collection, and growth of digital assets is as straightforward as possible.

Bybit is acknowledged as the second-largest cryptocurrency exchange globally by trading volume, catering to over 60 million users worldwide. Founded in 2018, Bybit aims to transform the decentralized landscape into a simpler and more equitable ecosystem for all users. With a prominent focus on Web3, Bybit collaborates with leading blockchain protocols to provide robust infrastructure and cultivate on-chain innovation, propelling it as a key player in bridging traditional finance with decentralized finance.

For more updates and information about Bybit Web3, visit their official pages and follow their updates on various social media platforms.