Bybit and Solayer Launch bbSOL—The New Liquid Staking Token Backed by Major Crypto Players

TL;DR Bybit launches bbSOL, the first Liquid Staking Token (LST) developed by a centralized exchange on the Solana blockchain. bbSOL allows staking of SOL tokens on the exchange, offering rewards, liquidity advantages, and Maximal Extractable Value (MEV) opportunities. The liquid staking market on Solana reaches nearly $4 billion in total value locked, with Binance’s BNSOL ... source: https://crypto-economy.com/bybit-and-solayer-launch-bbsol-the-new-liquid-staking-token-backed-by-major-crypto-players/