Bybit Unveils Margin Staked SOL: Maximize Your SOL Earnings with Leverage

Bybit, the world’s second-largest cryptocurrency exchange by trading volume, introduces Margin Staked SOL, a powerful tool for users looking to optimize their SOL earnings through leveraged borrowing and staking. With up to 2x leverage, users can stake SOL to receive bbSOL, Bybit’s liquid staking token, while earning a competitive net APR of over 13% as of March 17, 2025.

This new product streamlines the staking process, allowing users to borrow, stake, and earn in one place without the hassle of managing multiple platforms. bbSOL holders can redeem their assets anytime via two flexible options: Instant Redemption, which offers immediate SOL withdrawals with no gas fee, or Postponed Redemption, which provides a better exchange rate but excludes the gas fee waiver.

How It Works: Users stake SOL into Margin Staked SOL, which automatically borrows funds based on the selected leverage. In return, they receive bbSOL as proof of their staked SOL. Rewards are dynamically allocated through Sanctum’s smart contract, maximizing potential earnings. Upon redemption, bbSOL converts back to SOL, with any borrowed amount and accrued interest deducted before funds are credited to users' accounts.

Emily Bao, Head of Spot and Web3 at Bybit, emphasizes, “Our mission is to empower users to maximize their staked assets with innovative solutions.” Margin Staked SOL provides a seamless way to boost earnings and participate in DeFi with ease.

For a step-by-step guide, visit Bybit’s Introduction to Margin Staked SOL.