Bybit Staked SOL
BBSOL
Evaluation Score
Overall rating on a scale of 0-10
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AI Analysis
Comprehensive evaluation of the token
Overall Analysis
BBSOL is a CEX-issued liquid-staking derivative of SOL that offers seamless access to staking rewards and full SPL-token composability. While its tokenomics and use of Solana’s battle-tested SPL Token standard provide solid security foundations, the project suffers from highly centralized development, opaque governance, and no publicly verifiable audit of off-chain logic. Community engagement is moderate but largely driven by Bybit’s official channels rather than organic grassroots support. In a competitive landscape led by decentralized providers like Lido and Marinade, BBSOL’s counterparty and custodial risks, combined with its lack of development transparency, position it as a convenience-focused product best suited for existing Bybit users rather than advocates of on-chain decentralization.
Detailed Analysis by Category
Development Activity
Code updates and developer engagement
Community Support
Social media presence and community engagement
Tokenomics
Supply, distribution, and utility
Market & Use Case
Value proposition and competitive landscape
Team & Governance
Team background and project governance
Security & Audits
Security history and audit status
About Bybit Staked SOL (BBSOL)
Bybit Staked SOL (BBSOL)
Bybit Staked SOL (BBSOL) is a liquid staking token on the Solana network. Each BBSOL represents staked SOL deposited via Bybit, allowing holders to earn on-chain staking rewards while retaining token liquidity.
Key Features
-
Liquid Staking on Solana
Stake SOL through Bybit and receive BBSOL tokens instantly. -
Real-Time Reward Accrual
BBSOL balance automatically reflects staking rewards without manual restaking. -
SPL Token Standard
Fully compatible with Solana’s SPL ecosystem, enabling seamless integration with wallets and DeFi applications. -
Redeemable for SOL
Convert BBSOL back to SOL at any time, subject to Solana’s network conditions.
Token Details
- Name: Bybit Staked SOL
- Symbol: BBSOL
- Network: Solana (SPL)
For more information on token mechanics, integrations, and contract addresses, visit the official Bybit documentation or platform detail page.
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