Bybit Partners with Tonstakers for Seamless TON Staking in Web3 Wallet

Cryptocurrency enthusiasts who are always on the lookout for user-friendly platforms will find Bybit’s latest advancement deeply beneficial, as the second-largest cryptocurrency exchange globally has integrated Tonstakers, a leading liquid staking protocol on the TON blockchain, into its Web3 Wallet. This pivotal development signifies a major leap in Bybit Web3’s TON staking services and showcases the platform’s unwavering dedication to expanding DeFi opportunities for its users.

Simplifying Access to TON Staking

The primary focus of this integration is to provide effortless access to TON staking for Bybit users. Through this strategic partnership, users now have the ability to stake Toncoin (TON) and receive tokenized staked Toncoin ($tsTON) as a return. The value of $tsTON appreciates relative to $TON approximately every 26 hours, thereby offering competitive staking rewards. This integration not only simplifies participation in the TON blockchain but also grants staking access to 130 million ecosystem users, enhancing the appeal of TON staking.

Enhancing DeFi Adoption

Bybit’s mission revolves around simplifying DeFi adoption through user-friendly staking solutions. Collaborating with Tonstakers allows Bybit users to enjoy estimated annual returns between 3% and 5% APY with automatic reward compounding. These features fortify Bybit’s standing in the DeFi sector by making advanced financial tools accessible to a wider audience, thus empowering more individuals to partake in sophisticated financial transactions.

Setting New Standards in Staking Services

Tonstakers, being Bybit’s first partner in its Web3 TON staking initiative, has successfully set a high benchmark for staking services. With over $260 million in total value locked (TVL), Tonstakers leads the liquid-staked TON sector. This partnership offers users secure staking experiences, better earning opportunities through $tsTON, and various DeFi liquidity options, all of which significantly boost user engagement within the TON ecosystem.

Bridging Web2 and Web3

Bybit’s overarching goal is to bridge the gap between Web2 and Web3 technologies to propel DeFi adoption forward. The platform is committed to nurturing a vibrant decentralized ecosystem by providing straightforward and secure solutions. The integration with Tonstakers furnishes users with reliable access to TON liquid staking pools while unlocking valuable earning potential, thereby enriching the DeFi user experience.

The Future of DeFi and Staking

Cryptocurrency enthusiasts who consistently seek out user-friendly platforms will find Bybit’s latest advancement immensely beneficial. Bybit, the world’s second-largest cryptocurrency exchange, has integrated Tonstakers, a top liquid staking protocol on the TON blockchain, into its Web3 Wallet. This crucial development highlights a significant milestone in Bybit Web3’s TON staking services and underscores the platform’s unwavering commitment to expanding DeFi opportunities for its users. By integrating Tonstakers, Bybit not only simplifies the staking process but also brings enhanced benefits to its users. Liquid staking allows users to stake their tokens while retaining their liquidity. This means that staking no longer requires locking up assets, making it more convenient and attractive. Bybit’s inclusion of Tonstakers in its Web3 Wallet exemplifies the exchange’s dedication to offering innovative and flexible solutions in the DeFi space. Ultimately, this move is designed to attract more users who are interested in maximizing their crypto assets without compromising on liquidity.

Explore more

Robotic Process Automation Software – Review

In an era of digital transformation, businesses are constantly striving to enhance operational efficiency. A staggering amount of time is spent on repetitive tasks that can often distract employees from more strategic work. Enter Robotic Process Automation (RPA), a technology that has revolutionized the way companies handle mundane activities. RPA software automates routine processes, freeing human workers to focus on

RPA Revolutionizes Banking With Efficiency and Cost Reductions

In today’s fast-paced financial world, how can banks maintain both precision and velocity without succumbing to human error? A striking statistic reveals manual errors cost the financial sector billions each year. Daily banking operations—from processing transactions to compliance checks—are riddled with risks of inaccuracies. It is within this context that banks are looking toward a solution that promises not just

Europe’s 5G Deployment: Regional Disparities and Policy Impacts

The landscape of 5G deployment in Europe is marked by notable regional disparities, with Northern and Southern parts of the continent surging ahead while Western and Eastern regions struggle to keep pace. Northern countries like Denmark and Sweden, along with Southern nations such as Greece, are at the forefront, boasting some of the highest 5G coverage percentages. In contrast, Western

Leadership Mindset for Sustainable DevOps Cost Optimization

Introducing Dominic Jainy, a notable expert in IT with a comprehensive background in artificial intelligence, machine learning, and blockchain technologies. Jainy is dedicated to optimizing the utilization of these groundbreaking technologies across various industries, focusing particularly on sustainable DevOps cost optimization and leadership in technology management. In this insightful discussion, Jainy delves into the pivotal leadership strategies and mindset shifts

AI in DevOps – Review

In the fast-paced world of technology, the convergence of artificial intelligence (AI) and DevOps marks a pivotal shift in how software development and IT operations are managed. As enterprises increasingly seek efficiency and agility, AI is emerging as a crucial component in DevOps practices, offering automation and predictive capabilities that drastically alter traditional workflows. This review delves into the transformative