What is bbSOL (Bybit Staked SOL)? Everything You Need to Know
Jun 11, 2025
What Is bbSOL (Bybit Staked SOL)?
bbSOL, short for Bybit Staked SOL, is a liquid staking token (LST) issued by the Bybit exchange. It represents SOL tokens staked via Bybit’s platform. Each bbSOL token reflects a corresponding amount of SOL that has been staked to support the Solana network, while allowing users to retain flexibility and utility over their staked assets.With bbSOL, users receive staking rewards while maintaining the freedom to trade or utilise their tokens in decentralised finance (DeFi) protocols. It offers a seamless way to earn passive income from staking without locking up assets.
How bbSOL Works
bbSOL is designed to simplify the staking experience while enhancing capital efficiency:
Stake SOL on Bybit: Users deposit SOL into Bybit’s staking pool. These tokens are delegated to Solana validators.
Receive bbSOL: In return, users get bbSOL tokens pegged to the value of staked SOL.
Accrue Yield Automatically: As staking rewards accumulate, the value of bbSOL relative to SOL increases over time.
Redeem at Any Time: bbSOL holders can swap back to SOL plus the accrued rewards, subject to redemption windows.
bbSOL enables users to benefit from yield while keeping assets liquid, and can be moved, traded, or used across compatible DeFi protocols.
Why Is bbSOL Gaining Attention?
bbSOL stands out in the staking space for several key reasons:
Liquidity + Rewards: Users don’t have to choose between earning and accessing their assets — bbSOL offers both.
Low Technical Barrier: Staking through Bybit removes the need to manually delegate SOL or manage nodes.
Scalable Yield Strategy: Especially attractive for users seeking passive income strategies during bullish or sideways markets.
Increasing Ecosystem Support: With growing integration across DeFi platforms and Bybit's product suite, bbSOL is becoming a versatile on-chain asset.
What Are the Risks of Using bbSOL?
While bbSOL offers flexibility and potential yield, users should be aware of the associated risks:
Smart Contract Vulnerabilities: bbSOL relies on smart contracts and staking infrastructure, which may be exposed to bugs or exploits.
Platform Risk: Users depend on Bybit’s custody, validator performance, and platform integrity. Any disruptions could affect staking rewards or asset redemption.
Liquidity Risk: In extreme market conditions, the ability to redeem or trade bbSOL at fair value may be affected.
Regulatory Uncertainty: As liquid staking continues to evolve, future regulatory developments may impact how bbSOL is treated across jurisdictions.
Understanding these risks is crucial for making informed decisions when engaging with staking derivatives like bbSOL.
Final Thoughts: Why bbSOL Matters
bbSOL is more than a staking derivative — it’s part of a broader movement toward liquid, efficient digital asset management. As staking becomes a core element of yield generation in crypto, liquid staking tokens like bbSOL will continue to bridge the gap between long-term holding and active participation in DeFi.For SOL holders seeking flexible returns and broader utility, bbSOL presents a compelling and accessible solution. Still, users should always weigh the potential benefits against platform and market risks before participating.
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