What is bbSOL?

bbSOL (Bybit Staked SOL) is Bybit’s liquid staking token on Solana. It allows SOL holders to earn staking rewards while keeping their assets fully liquid and usable across both CeFi and DeFi.

How bbSOL Works

When you stake SOL through Bybit, the protocol delegates your SOL to Solana network validators and issues bbSOL tokens in return. These tokens represent your staked position plus any accumulated rewards. Unlike traditional staking where your assets are locked, bbSOL can be freely traded, transferred, or deployed into DeFi protocols while your underlying SOL continues earning.

The value of bbSOL relative to SOL increases over time as staking rewards accrue. For example, if you hold bbSOL for a year, the exchange rate might move from 1 bbSOL : 1 SOL to roughly 1 bbSOL : 1.08 SOL, reflecting the yield earned. There is no need to manually claim rewards — they are automatically reflected in the token’s growing value.

What Makes bbSOL Different

bbSOL is backed by Bybit, the world’s second-largest crypto exchange by trading volume. This gives it a unique position among Solana LSTs:

• Exchange-grade infrastructure. Staking is managed by Bybit’s institutional validator operations in collaboration with Sanctum Labs, which handles optimal node allocation and MEV capture.

• CeDeFi versatility. bbSOL works across both Bybit’s centralised exchange products (spot trading, margin, Unified Trading Account collateral, On-Chain Earn) and Solana DeFi protocols including Byreal, Kamino Finance, Orca, and Solayer.

• Deep liquidity. With over 80,000 holders and $400M+ in TVL as of its first anniversary, bbSOL benefits from deep market liquidity and reliable redemption pathways.