Cryptocurrency exchange Bybit has announced the integration of Tonstakers to provide new opportunities for its users.

This follows the exchange advertisement On December 27, its web3 wallet now supports the Tonstakers, the leading liquid storage protocol on the TON blockchain.

By integrating with Tonstakers, Bybit Web3 Wallet takes the first step in bringing Toncoin (Tons) A pillar of society. Bybit noted in the press release that this move expands the staking opportunities that users can benefit from across the platform’s decentralized financial ecosystem.

like Staking grows Across the ecosystem, up to 130 million TON blockchain ecosystem users have the opportunity to benefit from this DeFi integration. It will be possible to access TON tokens directly within the Bybit Web3 wallet.

In this case, users of Bybit's web3 wallet will be able to stake TON and receive Tonstakers' liquid staking token tsTON. LST holders will receive rewards while contributing to the growth and security of the TON ecosystem. Bybit Web3 Wallet users can receive annual returns of between 3% and 5%, with double support available.

“As a strong believer in DeFi adoption, Bybit Web3 is committed to bridging the gap between Web2 and Web3, creating simple, easy and accessible solutions that bring the benefits of DeFi to a broader audience. We believe this integration will significantly contribute to the growth and success of the TON ecosystem.”

Emily Bao, President of Bybit Web3

Tonstakers has a total value of over $260 million and ranks as one of the best protocols for liquid TON on the market.

Meanwhile, Bybit Web3 Wallet offers several staking options, including support for Ethereum, Sui, and stablecoins USDT and USDC. The wallet also supports bbSOL, Bybit's liquid token for storing on Solana.