Bybit Launches Margin Staked SOL, Offering 13% APR

Bybit, a leading cryptocurrency exchange, has launched Margin Staked SOL, a new product designed to enhance users' earning potential through leveraged borrowing and staking. This innovative feature allows users to leverage their SOL holdings up to 2x, tapping into the yield potential of bbSOL, Bybit’s Liquid Staking Token. As of March 17, 2025, the net annual percentage rate (APR) for Bybit Margin Staked SOL stood at over 13%.

Margin Staked SOL redefines earning opportunities for SOL holders by enabling them to grow their holdings through leveraged borrowing and staking. This feature allows users to significantly enhance on-chain rewards through bbSOL, providing a streamlined experience for borrowing, staking, and earning all in one place. Users can redeem bbSOL for SOL at any time, with options for Instant Redemption, which provides immediate SOL without gas fees, or Postponed Redemption, which offers a better exchange rate without the gas fee waiver. This flexibility ensures users have control over their assets and can adapt their strategies as needed.

The process of using Bybit’s Margin Staked SOL is straightforward. Users can stake their SOL into Margin Staked SOL, which automatically borrows funds based on the selected leverage. In return, users receive bbSOL as proof of their staked SOL. The yield accrues as users lock in their bbSOL through optimal rewards allocation managed by Sanctum’s smart contract. Users can then redeem their bbSOL for SOL, with any remaining SOL credited to their Funding Account after repaying the borrowed amount and interest.

Emily Bao, Head of Spot and Web3 at Bybit, emphasized the mission to empower users with innovative solutions. “Our mission is to empower users to help them make the most of their staked assets with innovative solutions,” said Bao. “With Margin Staked SOL, we provide a straightforward way for users to leverage their digital assets and take full advantage of the opportunities within decentralized finance.”

Bybit’s introduction of Margin Staked SOL is a strategic move that aligns with the growing demand for yield-generating products in the cryptocurrency market. By allowing users to leverage their staked assets, Bybit provides a solution that caters to both risk-averse and risk-tolerant investors. This feature not only enhances the earning potential of users but also optimizes asset utilization, making it a valuable addition to Bybit's suite of financial products.

The ability to leverage staked assets up to 2x is a significant advantage for users, as it allows them to amplify their returns without compromising the security of their staked SOL tokens. This feature is particularly beneficial for users who are looking to maximize their earnings while maintaining a diversified portfolio. Bybit's Margin Staked SOL is a testament to the exchange's commitment to innovation and its dedication to providing users with cutting-edge financial solutions.

In addition to the Margin Staked SOL feature, Bybit also offers a restaking feature, which allows users to leverage their staked assets as collateral. This feature further enhances asset utilization and provides users with more opportunities to generate yield. Bybit's restaking feature is designed to optimize the use of staked assets, making it a valuable tool for users who are looking to maximize their earnings.

The introduction of Margin Staked SOL by Bybit is a significant development in the cryptocurrency market, as it provides users with a new way to generate yield while maintaining the security and stability of their staked assets. Bybit's commitment to innovation and its dedication to providing users with cutting-edge financial solutions make it a leader in the cryptocurrency derivatives market. With the introduction of Margin Staked SOL, Bybit is poised to continue its growth and expansion, providing users with more opportunities to generate yield and maximize their earnings.