Bybit Web3 Wallet Integrates Tonstakers: Unlock 3%-5% Annualized Income with TON Staking

Unlocking DeFi Opportunities: Bybit Web3 Wallet Integrates Tonstakers for Seamless TON Staking

If you’re a fan of cryptocurrency and DeFi (Decentralized Finance), you’ll want to hear about the latest development from Bybit, a leading cryptocurrency exchange. On December 27, Bybit announced a game-changing integration that’s set to revolutionize the way we interact with DeFi applications.

What’s the Big Deal About Tonstakers?

Tonstakers is the leading liquidity staking protocol of the TON blockchain, and Bybit’s Web3 wallet has just integrated it to launch the first TON staking product. But what does this mean for you? In simple terms, users can now easily stake Toncoin ($TON) and receive liquid staking tokens $tsTON, which can be used to unlock liquidity income opportunities in DeFi applications.

How Does it Work?

Here’s a breakdown of the process:

* Users stake Toncoin ($TON) through Bybit’s Web3 wallet.
* In return, they receive liquid staking tokens $tsTON.
* The value of $tsTON increases in value relative to $TON every 26 hours.
* This results in an annualized income of 3%-5% for users, with automatic compounding.

The Benefits of This Integration

So, why is this integration such a big deal? For starters, Tonstakers’ lock-in value (TVL) has exceeded US$260 million, providing users with an efficient and convenient staking experience. This integration also unlocks liquidity income opportunities in DeFi applications, making it easier for users to participate in the DeFi ecosystem.

What Does This Mean for Bybit and the TON Ecosystem?

As Bybit’s first TON staking partner, Tonstakers is set to bring more opportunities to the 130 million users of the TON ecosystem. This integration also promotes the popularity and development of Web3 and DeFi, which is a win-win for everyone involved.

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The Future of DeFi

Bybit’s Web3 wallet is committed to simplifying the adoption of DeFi, providing intuitive and trustworthy solutions to users around the world. This integration is just the beginning, and we can’t wait to see what the future holds for DeFi and cryptocurrency.

What do you think about this integration? Share your thoughts in the comments below!

Source: M.theblockbeats.info

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