Bybit Staked SOL

Bybit Staked SOL is Bybit’s exchange-issued LST for Solana, similar in pattern to Binance’s BNSOL and Coinbase’s cbETH. Users stake SOL on Bybit and receive a tokenized claim that accrues staking rewards through an exchange-rate appreciation model.

Validator operations are run by Bybit, making the product custodial. The token is used inside the Bybit ecosystem and selectively in Solana DeFi venues that integrate it.