Bybit's Leveraged Staking SOL is an innovative product that combines margin lending with staking mechanisms, allowing you to maximize your SOL earnings efficiently. This guide provides a step-by-step breakdown of the process.
Key Features of Leveraged Staking SOL
- Enhanced Yield Potential: Earn higher returns by staking borrowed SOL alongside your principal.
- Flexible Leverage: Choose up to 2x leverage to amplify your staking position.
- Automated Management: Streamlined processes for staking, redemption, and interest tracking.
How to Analyze Annualized Yield Charts
Step 1: Navigate to the Bybit App Homepage → More → Finance → Leveraged Staking SOL.
Step 2: Review the annualized yield chart displaying:
- Net APY: Staking yield minus borrowing costs (fluctuates with market conditions).
- Historical Trends: 1-day, 7-day, and 30-day APY performance.
- High/Low: Peak and lowest recorded APY for the selected period.
Step 3: Tap the chart to view real-time Net APY and Borrowing Rates.
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Staking SOL: A Step-by-Step Process
| Setting | Description |
|---|---|
| Leverage | Enable up to 2x leverage (default: ON). Disable to stake only principal. |
| Available Balance | SOL holdings in your Funding Account. Transfer SOL via the + icon. |
| Stake Amount | Enter SOL quantity or click Max for full balance. |
| bbSOL Conversion | Estimated bbSOL received based on real-time exchange rates. |
| Loan Amount | Borrowed SOL = (Principal - Fees) × Leverage Multiplier. |
| Estimated Daily Profit | Projected net earnings after staking rewards and borrowing costs. |
Procedure:
- Click Stake → Confirm details in the pop-up.
- Agree to terms and select Confirm.
Note:
- Loss limits trigger at -90% PnL (adjustable in Redemption settings).
- Positions auto-liquidate if PnL falls below stop-loss thresholds.
Redeeming Your SOL Stake
Step 1: From the Leveraged Staking SOL page, select Redeem or tap My Investments.
Step 2: Review key metrics:
- bbSOL Holdings: Total stake (principal + borrowed funds).
- PnL Ratio: Unrealized profit/loss relative to principal.
- Debt Breakdown: Outstanding loans and accrued interest.
Redemption Options:
- Instant Redeem: Receive funds immediately (up to 10% yield penalty).
- Delayed Redeem: Full amount in 1-4 days (continues earning rewards).
Step 3: Enter bbSOL amount or click Max → Confirm repayment details.
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Tracking Your Orders
Live Performance: Check My Investments panel for:
- Unrealized PnL
- Current PnL Ratio
- bbSOL balance
Historical Records: Access via History icon to view:
- Past staking/redemption transactions
- Interest payment logs
FAQ: Leveraged Staking SOL
Q: How is net APY calculated?
A: Net APY = Staking Rewards - Borrowing Costs. Updated hourly based on market rates.
Q: What happens if my position hits the stop-loss?
A: The system auto-redeems your stake to repay the loan, potentially at a loss.
Q: Are there limits for instant redemptions?
A: Yes—daily caps apply. Delayed redemptions have no limits.
Q: Can I adjust leverage after staking?
A: No. Leverage must be set at the time of staking.
Q: Where do redeemed SOL funds go?
A: Transferred to your Funding Account after processing.
For further reading: