Golem Network is an Ethereum-based DApp that enables decentralized trading of computing resources.

Decentralized sharing of computing power is among the most innovative solutions that blockchain technology offers. Over the past few years, numerous projects focused on bringing together buyers and sellers of computational power over a blockchain network have emerged. This new category of the blockchain ecosystem, DePIN (

), is among the fastest-growing niches in the industry. The origins of the DePIN concept, however, predate even the 

 (ETH) blockchain itself, the network of choice for most of these projects.

Back in late 2014, a few months before the launch of Ethereum, programmer and blockchain enthusiast Piotr Janiuk presented the initial idea behind Golem Network (GLM), a DePIN system designed to support a decentralized computing power marketplace. The pioneer of the concept, the Golem Network project, was eventually founded in 2016 and launched on Ethereum in 2018. 

To date, Golem Network remains one of the foremost innovators in the DePIN sector, with the project introducing a scalable 

 (AI) road map in early 2024. The concept of trading computational resources, such as GPU, CPU, memory or storage over a decentralized platform, truly emerged with the arrival of Golem Network.

 (DApp) designed to facilitate the flexible trade of computing power and resources over a blockchain network. 

Golem is a classic example of the DePIN concept, having pioneered it within the blockchain industry. The origins of the project date back to November 2014, when a number of blockchain technology visionaries and enthusiasts, including industry heavyweights like Vitalik Buterin and Gavin Wood, gathered in Berlin for the Devcon 0 conference.

Devcon 0 was dedicated to the exploration of the Ethereum blockchain concept, which was eventually launched the following year, and involved a small number of presentations on early ecosystem projects. Among the projects presented was Golem Network, an innovative idea for using the Ethereum blockchain to power the flexible sharing of computing resources.

After years of research and development, the Golem Network project was eventually founded in 2016 by Golem Factory. The project's Ethereum mainnet was launched in April 2018 to support the affordable and flexible trade in computing capacity between resource requesters and providers. Golem Network quickly became a viable alternative to the more expensive and restrictive cloud computing services provided by centralized entities.

The platform's initial native token was GNT. In November 2020, the project announced a migration of the GNT token to the new GLM token to improve its functionality. In late 2021, Golem added support for Layer 2 operations by establishing its presence on the 

 (POL) platform, a popular Layer 2 sidechain for Ethereum. Golem now supports transacting on Ethereum 

 and on Layer 2 through Polygon. The latter option provides significant scalability and cost savings for users.

Golem, however, isn't just a medium for exchanging computing resources: the network's ecosystem now features several DApps and solutions that streamline resource sharing, enable AI applications and even offer crypto portfolio management. For instance, the 

 project is among the first machine learning (ML) algorithm training solutions leveraging Golem. Another innovative DApp within the Golem ecosystem is 

, also known as Blockchain Automations, a 

 (DeFi) solution for automated portfolio management.

As a trailblazer of decentralized trading in computing power, Golem Network was among the top DePIN projects a few years ago, often viewed as a key competitor to another major early DePIN platform — 

 (RNDR). However, fierce competition in this sphere and the rise of other DePIN players over the past three years have dropped Golem to 16th place by market cap in the DePIN category (as of Sep 4, 2024). Even though Golem is no longer a full-fledged category heavyweight, it remains a historically significant project in the blockchain industry.

There are two key types of network actors on Golem: computing resource consumers, called 

. Requestors provide their requirements by filling out a task template in which they indicate what kind of hardware resources they need. Meanwhile, Providers join the network and offer their services to complete the tasks submitted by Requestors. In most cases, you don't need to run a high-powered machine to act as a Golem Requestor. Any laptop or desktop with relatively modern specifications can be used to provide services on Golem Network.

Providers earn rewards in GLM tokens for their resource contributions. They’re free to set their own rates for these contributions. Naturally, the rates set by Providers are one of the variables used by Requestors in their selection process. In addition to the rates charged, other selection factors frequently used by Requestors include the number of processor cores offered, the Provider's reputation and history of performance, and the urgency of the task.

While Golem doesn't require particularly onerous hardware specifications, some minimums that Providers must meet include a Linux machine with the x86-64 architecture and the nested virtualization option enabled in the machine's basic input/output system (BIOS). These basic requirements apply to standard CPU capacity sharing.

Since early 2024, Golem Network also offers GPU capacity sharing, specifically tailored for AI use cases. Providers who would like to provide GPU power to the network must meet higher minimum requirements, including more advanced specifications for storage and video cards.

In early 2023, Golem Network floated the idea of GPU capacity-sharing as a proof of concept (PoC). Since early 2024, the project has begun to offer the decentralized trade in GPU power to support resource-intensive AI computations.

As the AI field within the blockchain industry experiences explosive growth rates, many DePIN projects have launched their AI-focused products. Golem Network hasn't remained indifferent to these developments, introducing its updated GPU/AI road map in early 2024. The project aims to offer several dedicated solutions for AI applications. Among these are Modelserve AI and Golem-Workers.

Modelserve AI is a platform to let AI developers affordably run their models at scale, while Golem-Workers is an API that lets Requestors access dedicated high-level nodes to process and fine-tune AI models.

We noted above that Golem hosts not only a 

 marketplace for computational tasks, but also a variety of DApps and solutions based on the platform's technology. Below are some of the more notable among these solutions.

 is a popular Python-based distributed computing framework designed for AI and ML applications. Given Ray's focus on these fast-expanding fields, applications utilizing the framework often require access to significant computing capacity. Quickly scaling the applications to meet fluctuating demands is also a frequent requirement.

Ray on Golem is an integration of the framework with the Golem platform. Python developers can use it to access Golem's computing resources in order to run computations within their apps. This expands the use cases and reach of Ray-based apps, with more robust solutions and AI models now available through the highly popular framework.

 is an interactive computing environment that lets users create and share documents containing programming code, textual information, media files, visualizations and other pieces of digital information. Thanks to its interactivity and capacity to accommodate various media types, Jupyter is a highly popular tool for programmers and software testers, especially for tasks like prototyping, collaborative development, debugging and testing.

The Jupyter on Golem solution integrates Jupyter's Python version on Golem Network, empowering Python-based Jupyter documents to utilize the computing capacity offered by Golem. This is particularly useful for collaborative work when developing large-scale, resource-hungry Python applications.

Rendering is another area in which Golem Network has use cases and applications. Computer rendering is the process of creating finalized 3D visual outputs (e.g., images, animations and videos) from initial specifications, and modern, visually rich rendering requires a lot of processing power.

 to help the project render personalized videos and animations of buildings for its NFT users. Building co-owners and holders of the associated Reality NFTs can now generate building animations containing their personalized information, such as a building nameplate with their nickname, wallet address and share amount. Golem Network is the underlying technical solution that works in the background to power these animations seamlessly.

Golem's reputation system is a form of sophisticated 

 (DID) solution. It assigns reputational scores and properties to Golem Providers. These properties are based on Provider nodes' historical performance on the network, in addition to technical infrastructure capacity and other factors. The reputation system makes it easy for Requestors to identify reliable resource providers.

Currently, Golem's reputation system exists only for Providers, but there are plans to introduce a similar identity and scoring solution for Requestors, as well for a more balanced ecosystem.

Golem Portal provides an easy-to-use graphic interface for accessing the platform's services and DApps. Instead of using command-line options, developers and users can take advantage of Golem Portal to launch apps with just a few clicks. The portal also provides visualizations that show the steps for launching Golem apps and services; the number of active Providers on the network; and other useful platform-wide information.

 token on the Ethereum and Polygon chains. GLM is primarily used to facilitate the trade in computing power on Golem Network. Requestors pay in GLM for access to hardware resources, while Providers are rewarded in GLM for providing the resources. GLM is also used for 

Golem's original token, GNT, was issued on Ethereum back in 2016, when the blockchain's ERC-20 standard for fungible tokens hadn't yet started to gain real traction among developers. As such, the GNT token itself wasn't based on the ERC-20 standard. As the standard became popular, GNT's lack of compatibility with the standard became a serious limitation for the Golem project. In particular, Golem's plans to utilize Layer 2 processing through Polygon were hampered because GNT wasn’t an ERC-20 asset.

As a result, in late 2020, Golem Network announced a migration from the original GNT token to the ERC-20–based GLM. This migration allows GNT holders to swap their tokens for GLM at a fixed ratio of 1:1. The migration has no deadline, although most GNT tokens have already been converted to GLM as of early September 2024.

The new GLM token has inherited most of GNT’s tokenomics properties. It has a total and maximum supply of 1 billion. 

The original GNT token was allocated via three main streams as follows:

You can stake your GLM tokens to earn passive income. It’s a great way to boost earnings from GLM for resource providers or, in fact, anyone who holds GLM tokens as an investment. 

There are several options for the GLM staking process, including solo staking, staking pools and staking-as-a-service. Since Golem Network is an Ethereum-based DApp, your staked GLM is converted to ETH at the underlying level to help secure the blockchain's 

The GLM token is available on Bybit via its Derivatives market as a Perpetual futures contract with USDT (

). Bybit's Derivatives market allows you to trade hundreds of crypto assets with low fees and up to 100x leverage, depending upon the asset chosen. There are markets for Perpetuals, standard Futures and Options, with contracts based on popular stablecoins — USDT and USDC — as well as a range of other popular high-cap cryptos.

As of Sep 4, 2024, the GLM token's market value is $0.2669, which is 79.8% lower than its ATH of $1.32 on Apr 13, 2018, and over 2,800% higher than its ATL of $0.009138 on Dec 12, 2016.

Long-term price forecasts for GLM are generally bullish. PricePrediction 

 to trade at $0.52 in 2025 and $3.22 in 2030, while DigitalCoinPrice 

Depending upon your investment preferences and goals, you might consider the GLM token for the following reasons:

Large-scale applications in AI, ML and other fields that demand heavy-duty computations now rely a lot on the distributed processing model. These applications make extensive use of cloud services in Web 2.0, as well as DePIN networks in 

. Golem Network, a project that laid the foundation stone for the DePIN concept, continues to thrive and innovate in this environment.

Golem is no longer as dominant a force in its niche as it was in the early years of DePIN platforms. At #16 in market cap rankings, it can be best described as a medium-sized DePIN player. However, its time-tested nature and the capacity to regularly introduce new features still attract nothing but admiration. 

Decentralized hardware capacity-sharing started with Golem, and the project will undoubtedly play a key role in this sector of the blockchain industry for years to come.

Intermediate

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Golem Network (GLM): A Decentralized Supercomputer Redefining Computation

In this article, we'll explore how you can deposit and place Moon Mode orders on Aark.

In this tutorial, we’ll explore how to make a deposit, place Moon Mode orders and manage those orders on Aark Digital. 

: Navigate to the Aark homepage and click on 

tab from the navigation bar at the top of the page.

Switch to the Moon Mode tab by clicking on 

section, choose your desired margin size either by typing, or clicking the desired percentage box (

order. You can either type in the price, or choose the profit percentage (

Once you’ve confirmed your order, click on 

At the bottom of the page (right underneath the chart), you’ll see the 

tab will reflect details on each closed position, including 

Beginner

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How to Deposit and Place Moon Mode Orders on Aark Digital

In this article, we'll explore how you can complete FBTC on-chain tasks with Bybit Web3.

: Select your preferred network: Ethereum, Mantle or BNB Smart Chain. 

: Select your preferred coin and enter the amount you’d like to swap in order to receive at least 0.0001 FBTC.

Hold FBTC in your Bybit Web3 Wallet to unlock access to the total $20,000 FBTC prize pool. Your rewards will depend upon how much FBTC you hold:

You can participate and receive more yield opportunities by visiting 

. A snapshot of your daily average balance will be taken in order to determine your final balance.

FBTC.png

How to Complete FBTC On-Chain Tasks With Bybit Web3

Choosing the best staking approach between native staking, liquid staking and liquid restaking depends upon individual priorities. Read more here.

 July 2024, staking has become a popular way for cryptocurrency holders to 

 while supporting the security and functionality of blockchain networks. However, traditional or native staking has one significant drawback — it locks up your assets, meaning you can't access them while they're staked. This is where liquid staking comes into play, offering a solution that maintains liquidity. Taking it a step further, there's liquid restaking, an even more advanced option. 

This article breaks down the key differences and similarities between native staking, liquid staking and liquid restaking, helping you understand how each method works and which might be the best fit for your investment strategy.

 is the process of locking up your cryptocurrency tokens within their original blockchain network to help maintain its operations, such as validating transactions and enhancing network security. In exchange for this, you typically earn staking rewards in the form of additional tokens.

Native staking is like a high-stakes game of trust in which participants lock up their cryptocurrency holdings to help maintain the blockchain's operations — basically putting your money on the line to ensure the game's integrity. 

Validators — who are participants in this system — lock up a certain amount of the blockchain's native cryptocurrency as their "stake." This stake serves as collateral, encouraging them to act honestly and uphold the network's integrity. The blockchain's 

 algorithm then randomly selects validators to propose and verify new blocks of transactions. The more a validator stakes, the greater their chances of being chosen.

When selected, a validator reviews the transactions in the block and adds it to the blockchain — a process known as "forging," rather than mining. If the validator does this correctly and honestly, they earn rewards in the form of new cryptocurrency and transaction fees, with the rewards being proportional to their stake.

On the flip side, if a validator tries to validate fraudulent transactions or act dishonestly, they risk having their stake "slashed," meaning a portion of it could be confiscated as a penalty. This risk creates a strong incentive for validators to play by the rules.

Once the validation work is complete, validators can withdraw their original stake (along with any earned rewards), though there may be a waiting period. 

 is a way to stake your cryptocurrency while still keeping it accessible. In return, you receive liquid staking tokens (

), which can be traded or used in DeFi applications. This allows you to earn staking rewards while maintaining flexibility and liquidity.

Unlike native staking, liquid staking allows you to stake your cryptocurrency while still keeping it accessible for other uses. Talk about having your cake and eating it! 

First, you deposit your cryptocurrency tokens, such as ETH, into a liquid staking pool. The pool then delegates your tokens to trusted validators responsible for verifying transactions and securing the blockchain. In return, you receive LSTs that represent your stake in the pool. These tokens can freely be traded or used as collateral in DeFi protocols, allowing you to earn additional yield while your original assets remain staked.

Since validators earn rewards for securing the network, those rewards are automatically distributed to LST holders, based on how much they hold. This way, if you ever want to withdraw your original tokens, you can simply exchange your LSTs back for the underlying assets in the pool, minus any applicable fees.

 is a more advanced staking strategy whereby users leverage their already-staked assets (tokenized into liquid restaking tokens) in additional DeFi protocols to earn more rewards, enhancing the utility and profitability of staked crypto.

Native Staking vs. Liquid Staking vs. Liquid Restaking: The Similarities

While they aren’t quite the same, native staking, liquid staking and liquid restaking share several core features that make them integral to blockchain networks

All three staking methods — native staking, liquid staking and liquid restaking — help to secure and operate blockchain networks. Participants lock their assets to help support validators, ensuring the integrity of transactions and network consensus. This collective effort strengthens a blockchain network’s overall security.

Participants can earn rewards for their contribution by using any of the three staking methods. With native staking, users receive rewards directly for supporting the network. Liquid staking not only provides rewards, but also issues LSTs that can further be used in DeFi to earn additional returns. Liquid restaking takes this a step further, enabling users to earn even more by using their LSTs in various yield-generating activities.

Native staking, liquid staking and liquid restaking all contribute to the decentralization of blockchain networks by encouraging a wider range of participants to engage in the consensus process. This distribution of power helps prevent centralization and helps to ensure the network remains resilient.

All three staking methods incentivize validators to act honestly and in the network’s best interest. Validators put their staked assets on the line, and if they engage in malicious activities like validating fraudulent transactions, they risk losing those assets. This "skin in the game" approach strongly motivates validators to uphold the integrity of the blockchain.

While reward rates often vary, all three staking methods generally provide higher yields than traditional investments. As a participant in the blockchain's consensus mechanism, you can expect juicer interest rates than those offered by conventional financial institutions.

Native Staking vs. Liquid Staking vs. Liquid Restaking: The Differences

When comparing native staking, liquid staking and liquid restaking, the distinctions become clear across several aspects.

Native staking usually requires locking assets for a fixed period, which limits liquidity. On the other hand, liquid staking provides users with LSTs that can be traded or used in DeFi applications, offering immediate liquidity. Going a step further, liquid restaking maintains this liquidity through LSTs while letting users restake their tokens on other platforms to earn additional rewards.

Native staking is often simplest, requiring users to lock their tokens with a validator. Liquid staking introduces more complexity, due to the need to manage LSTs and navigate DeFi platforms. Liquid restaking adds another layer of complexity, as users must understand how to apply their LSTs effectively across different platforms in order to earn extra rewards.

Native staking rewards come directly from a blockchain as compensation for validating transactions. With liquid staking, you receive rewards in the form of LSTs, which can also earn extra returns through DeFi activities. Liquid restaking takes it even further by allowing you to earn rewards from both your initial staking and additional activities involving your LSTs, thereby maximizing your potential returns.

Native staking is usually considered least risky because it involves direct participation in a blockchain's consensus mechanism. In contrast, liquid staking introduces counterparty risks related to the platforms managing the staking pools and the 

 involved. Liquid restaking carries similar risks, but also adds potential volatility from the DeFi markets in which LSTs are used.

 refers to the framework and processes through which decisions are made and enforced within a network in order to ensure its proper functioning. With native staking, participants often have a say in governance decisions because their stakes translate into voting power. Liquid staking, however, typically doesn’t offer governance rights, as LSTs represent a claim on pooled assets, rather than direct ownership. Similarly, liquid restaking focuses on maximizing rewards through additional staking activities, and doesn’t provide governance participation.

With native staking, users maintain full control over their staked assets, which are directly tied to the blockchain. However, with liquid staking, users receive LSTs, while their original assets are held in a pool, which can diminish individual control. Liquid restaking continues this trend, as users must rely on the protocols managing their LSTs, further reducing their control over their underlying assets.

Which Is Best Suited for You — Native Staking, Liquid Staking or Liquid Restaking?

Choosing the right staking method depends upon both your individual needs and investment strategy. Native staking is best for those who want direct control and a straightforward approach to earning rewards while supporting the network. Liquid staking caters to users who value liquidity and flexibility, allowing them to access their assets while still earning rewards. Lastly, liquid restaking is ideal for more advanced users who are looking to maximize returns by leveraging their staked assets across multiple platforms. Each method offers unique benefits, so consider your priorities when deciding which one suits you best.

Choosing between native staking, liquid staking and liquid restaking comes down to your preferences and investment goals. Native staking offers direct control and simplicity, while liquid staking gives you the flexibility to trade and engage in DeFi without losing rewards. If you're an advanced user seeking to optimize returns across platforms, liquid restaking might be your best bet. Each method has its unique advantages, so pick the one that most closely aligns with your strategy in order to fully enjoy the benefits of staking.

native staking vs liquid staking vs liquid restaking

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A Guide to Native Staking vs. Liquid Staking vs. Liquid Restaking

Liquid staking lets you earn rewards while keeping your assets accessible, giving you the best of both worlds — flexibility and the chance for higher returns.

With growing interest from investors, and major exchanges such as Bybit diving into the space, 

 has been experiencing explosive growth. For instance, Solana’s liquid staking 

 has skyrocketed in 2024, soaring from $1.9 billion to a staggering $3.94 billion. This innovative method of staking offers both flexibility and potential for higher returns, which is why it's capturing the attention of many investors. 

This article will break down what liquid staking is, how it operates and reveal five neat ways you can enhance your returns with this exciting approach.

Liquid staking is a process whereby cryptocurrency holders stake their assets on a 

 (PoS) blockchain while receiving a tradable token in return. This way, they can continue earning rewards from their staked assets, and still access and use their value in other 

When users stake their cryptocurrency tokens, such as 

, on a platform that supports staking, the platform verifies the tokens and then stores them in a 

. These locked assets help secure the blockchain network and earn staking rewards for the user. In return for staking their tokens, users receive a tradable asset known as a liquid staking token (LST) to represent their staked assets. 

These LSTs are pegged to the value of the initial assets, and can be used in DeFi protocols and blockchain apps, such as lending protocols, allowing users to continue earning staking rewards while still accessing and using the value of their staked assets. The liquid staking platforms use these funds for native staking — that is, using them to secure a PoS blockchain and receiving freshly minted tokens as rewards. The platform periodically shares portions of the rewards as more LSTs to users.

Users can recall their assets by unstaking, a process that involves “burning” LSTs by sending them to a specific address. The platform will then verify the burn transaction and return the original staked asset to the user’s wallet.

5 Opportunities to Maximize Your Returns via Liquid Staking

One of the most effective strategies to maximize returns through liquid staking is that of leveraging your staked assets. Leveraged staking allows you to borrow additional assets against your liquid staking tokens (LSTs), and then restake those borrowed tokens. This process can be repeated, effectively increasing your staking position multiple times over your original amount.

For instance, platforms like Kamino Finance offer "multiply" products that enable users to leverage their staking by up to 5x. Let’s say you deposit 100 SOL initially. You could end up staking the equivalent of 500 SOL, thereby earning significantly more in staking rewards.

: Leveraged staking can amplify returns, but it also increases the risk of 

 during periods of high volatility. If the value of your LSTs drops below a certain threshold, your position could be liquidated, resulting in substantial losses.

Liquidity Provision on Decentralized Exchanges (DEXs)

When you deposit your LSTs into liquidity pools, you can earn fees from swaps that occur within the pool, as well as any additional incentives offered by the protocol.

For those looking to minimize risks, pairing LSTs with the underlying asset (such as SOL) in a liquidity pool is a popular choice. This pairing reduces the risk of 

 — a common issue in DEX liquidity provision — while still providing steady returns.

: While liquidity provision can be lucrative, impermanent loss is a significant risk, particularly if the prices of the tokens in the pair diverge significantly. Additionally, the rewards from this strategy can be lower, due to the large number of participants in the most popular pools.

Lending your liquid staking tokens on money market platforms is another effective way to generate additional income. By lending your LSTs, you can earn interest from borrowers who use your tokens as collateral. This strategy is particularly appealing in markets with high demand for borrowing.

Platforms like marginfi and Kamino Finance support lending for popular liquid staking tokens, such as mSOL, JitoSOL and bSOL. Additionally, you can use your LSTs as collateral to take out loans, providing you with even more capital to deploy across various DeFi strategies.

: The primary risk here is the potential for socialized losses if the lending platform experiences significant defaults or liquidation events. Also, the interest rates on loans can fluctuate, impacting the overall profitability of this strategy.

 involves staking or locking your LSTs in a DeFi protocol to earn additional rewards, often in the form of the protocol’s native tokens. Many DeFi platforms offer incentives to liquidity providers or stakers, which can significantly boost your overall returns.

Yield farming can be highly profitable, especially in the early stages of a protocol's launch, when reward rates are often highest. However, it’s essential to monitor the platform regularly, as the rewards can decrease over time as more participants join.

: Yield farming carries several risks, including the potential for smart contract exploits and the volatility of the reward tokens. The value of the tokens you earn may decrease, impacting the overall profitability of your strategy.

Diversification is a key principle in maximizing returns while minimizing risk. Spreading your assets across multiple liquid staking protocols allows you to take advantage of different reward structures, validator selection strategies and incentives.

 may offer higher staking rewards, another protocol like 

 may provide better opportunities for yield farming or lending. You can balance your risk exposure and optimize your returns by participating in multiple platforms.

: Diversification can reduce the risk of catastrophic losses if one platform fails, but it also means you need to manage multiple positions, which can be time-consuming. You may also incur higher transaction fees when moving assets between different protocols.

Liquid staking is a user-friendly way to earn rewards without giving up access to your assets. It’s ideal for those new to crypto who want to dip their toes into 

. However, beginners should start with simple strategies and remain cautious. It’s essential to understand the potential risks, and to learn how to manage both your assets and the rewards you earn. That way, you can minimize potential losses and gradually build confidence in this growing space.

For veteran traders, liquid staking offers a range of advanced strategies to boost your returns, such as leveraged staking and yield farming. If you’re an experienced trader, these opportunities can help you maximize your gains. Diversifying your investments and applying sophisticated 

 techniques presents an opportunity to optimize your returns while navigating the complexities of the crypto market. Liquid staking goes beyond just earning rewards — it’s also about smartly growing your portfolio with a balanced approach.

Liquid staking provides a flexible way to earn rewards while maintaining access to your assets, making it an appealing option for both beginners and experienced traders. Whether you’re starting with simple strategies or diving into advanced techniques, such as leveraged staking and yield farming, liquid staking offers opportunities to maximize your returns. Explore the options and find the approach that best suits your investment goals and risk tolerance.

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bbSOL allows users to earn staking rewards on Solana while retaining liquidity, making it a versatile tool in the realm of DeFi. Learn more here.

In an exciting development for crypto enthusiasts, Bybit has launched bbSOL, the world's first exchange-backed 

. This innovative product allows users to earn 

 rewards while retaining liquidity, opening new avenues in 

 and restaking to understanding how restaking works, this comprehensive guide will equip you with all the essential information to make the most of Bybit's latest offering.

bbSOL is a liquid staking token you receive when staking SOL on Bybit. It represents your staked SOL in Bybit’s stake pool, and serves as a receipt to later redeem your SOL along with any earned rewards.

When you stake SOL, you receive bbSOL tokens in return, representing your staked assets. These tokens allow you to earn staking rewards and engage in DeFi activities without giving up access to your original tokens.

The process works by depositing SOL into Bybit’s liquid staking protocol, which manages staking for you. As rewards accumulate, the value of bbSOL steadily increases relative to SOL, reflecting the staking rewards earned after each Solana epoch (every 2–3 days). For example, if you hold bbSOL for one year, its value against SOL could rise significantly.

Your rewards are automatically reflected in the growing value of bbSOL, with no manual claiming necessary. When you decide to unstake, you can easily exchange bbSOL for SOL, along with any accrued rewards, with Bybit offering instant unstake options.

However, using bbSOL comes with risks, such as slashing penalties if the validator misbehaves, as well as potential volatility in bbSOL’s value as compared to the underlying SOL. However, despite these risks, bbSOL provides a convenient way to earn staking rewards while participating in the DeFi ecosystem.

As the liquid staking token for Solana, bbSOL offers several functionalities for users looking to maximize their crypto assets.

 that feature bbSOL in order to earn trading fees and incentives. This strategy can also help you hedge against 

, which can occur when the value of your deposited assets decreases from the time you initially deposited them. The loss only becomes permanent if you withdraw at the lower value.

 (DEXs) — and soon, on Bybit — giving you the flexibility to make the most of its benefits within both the Solana and Bybit ecosystems.

Restaking allows you to stake your bbSOL tokens again to earn extra rewards, further supporting the Solana network's security and efficiency. Solayer, a leading protocol in this area, offers a shared validator network that helps secure other Solana-integrated systems. By restaking with Solayer, you can increase your returns while contributing to the overall strength of the network.

In the near future, platforms will introduce borrowing and lending features for bbSOL, allowing you to use your staked assets as collateral. This means you can unlock extra liquidity or investment opportunities without unstaking your bbSOL, so you can continue earning rewards while maximizing your assets.

bbSOL comes with a straightforward fee structure, with the deposit fee based on Solana:

: Navigate to the Bybit homepage and click on the 

tab at the top left corner of the page. 

 and proceed to create your Bybit Wallet.

: Once your Bybit Wallet has been created, hover your cursor over the 

: Enter the amount of SOL you would like to purchase in the order pane on the right side of the page, and click on 

: Once you’ve purchased SOL, hover your cursor over the 

To get the most out of your bbSOL returns on Bybit, consider using various platforms and strategies for restaking. Here’s how you can make the most of each option.

 (CLOUD) is the platform on which bbSOL is deployed and managed by approved validators. It not only hosts bbSOL, but also offers the opportunity to restake your bbSOL for additional rewards. By participating in liquidity pools or using staking options on Sanctum, you can enhance your returns through various yield farming strategies.

 (KMNO) is a Solana DeFi protocol that offers automated tools for liquidity provision and yield optimization. Connecting your bbSOL holdings to Kamino allows you to automatically manage your liquidity positions and maximize returns through smart asset allocation across multiple DeFi protocols.

Solayer is a restaking network on Solana that helps stakers maximize their returns by using their staked assets as collateral across multiple PoS systems. It supports both native and liquid staking pools, offering a three-layer yield stack from native staking rewards, Solayer incentives and additional network yields. By restaking bbSOL within Solayer’s ecosystem, you can earn these rewards while also benefiting from potential price appreciation of your assets.

Orca is a DEX on Solana that lets you contribute bbSOL to liquidity pools. Depositing your bbSOL in Orca’s liquidity pools is a great way to earn trading fees and additional rewards, further increasing your overall returns.

While risks are inherent in any DeFi environment, Bybit has implemented stringent audits and security measures to safeguard your assets. bbSOL benefits from Bybit’s strong infrastructure and security protocols, with a combination of 

 mechanisms ensuring the safety and growth of your SOL stake.

Although bbSOL offers numerous opportunities to earn rewards, it's important to be aware of the associated risks. The value of bbSOL can fluctuate relative to that of SOL, and there are potential slashing penalties if validators misbehave. 

However, the rewards, flexibility and ease of engaging in DeFi activities make bbSOL an attractive option for those looking to maximize their crypto earnings while supporting the security and efficiency of the Solana network.

bbSOL, Bybit’s LST, gives you the chance to earn staking rewards while maintaining liquidity and flexibility in the DeFi space. With its robust security measures, straightforward fee structure and diverse use cases, bbSOL offers a compelling way to grow your crypto assets while contributing to the Solana network's overall strength and security.

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bbSOL (bbSOL): The World’s First Exchange-Backed LST

Fusionist (ACE) is a web3 gaming platform dedicated to AAA blockchain games and operates on its own EVM-compatible blockchain, the Endurance network.

 sector of the blockchain industry is growing more competitive, and there's no shortage of innovations in this sphere. One area that has attracted the attention of blockchain developers over the past few years is the visual sophistication of 

 gaming titles. Traditionally, blockchain games had been relatively unremarkable with regard to visual appeal and 3D sophistication, at least compared to their leading Web 2.0 counterparts. This is, however, changing fast, with newer blockchain gaming projects unwilling to compromise on the visual quality of gameplay.

Fusionist (ACE) is among the projects at the forefront of this push to bring visually striking, sophisticated AAA gaming titles to web3. The project entered the web3 gaming space in early 2023 and specializes in Unity engine–generated AAA games on blockchain in three main thematic domains — Colonize, Conquer and Unite. Leveraging the 

 (EVM)-compatible Endurance blockchain, Fusionist is intent on proving that web3 and sophisticated gaming are the perfect match.

What is Fusionist crypto, how does it work — and what gaming titles does the platform offer? This article addresses the key questions related to this ambitious player in the GameFi niche.

 (ACE) is a web3 gaming platform that focuses on building AAA blockchain games powered by the Unity engine.

 Fusionist operates on its own dedicated EVM-compatible blockchain, the Endurance network. The project team is developing three main games: 

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