2025-03-05 17:47:47Bybit Margin Staked SOL is a cutting-edge product that allows you to seamlessly maximize your SOL earnings through leveraged borrowing and staking. With up to 2x leverage, you can tap into the high-yield potential of bbSOL and unlock greater earning opportunities.
Benefits of Margin Staked SOL
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Maximize Earnings: Amplify on-chain rewards with bbSOL using a leverage of up to 2x.
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Hassle-Free Experience: Borrow, stake, and earn — all in one streamlined platform.
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Flexible Redemption: Redeem your bbSOL for SOL at any time based on the real-time exchange rate.
Key Terms
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Term |
Description |
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Net APR |
The APR that reflects the earnings from staking after considering borrow rates. It fluctuates based on borrow rates, token prices, and staking rewards.
Net APR = Staking APR + (Staking APR − Borrow Rate) × Leverage |
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Borrow Rate |
A floating interest rate on borrowed funds, updated hourly. You can check it in the Margin Staking Confirmation pop-up or your Record History.
Hourly Interest = Borrowed Amount × Hourly Interest Rate For more details, please refer to FAQ — Margin Staked SOL.
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P&L(%) |
Unrealized P&L / Principal (Excluding Borrowed Funds) |
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Margin Call P&L(%) |
The P&L(%) threshold that triggers an email notification, prompting you to pledge more SOL or redeem your positions. |
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Stop-Loss P&L(%) |
The P&L(%) threshold at which your positions will be automatically redeemed to cover your loan and interest. |
How Margin Staked SOL Works
Staking SOL
Stake your SOL into Margin Staked SOL. The system will automatically borrow funds based on your selected leverage and allocate both your own and borrowed funds across multiple validators to enhance network security and decentralization.
Earning bbSOL
By staking, you'll receive bbSOL — Bybit's Liquid Staking Token — as proof of your staked SOL. These tokens will be held as a position on the Bybit platform.
Yield Accrual
Sanctum's smart contract automatically allocates your staked assets to various nodes for optimal rewards. The value of bbSOL grows consistently and can be redeemed later for your SOL principal plus any earned rewards.
Redemption
Redeem your bbSOL for SOL at any time. Once the borrowed amount is repaid, any remaining SOL will be credited to your Funding Account.
Example
Let's say Alice stakes 100 SOL into Margin Staked SOL and selects a leverage of 2x. The system will automatically borrow an additional 200 SOL (100 SOL × 2). This brings the total staked amount to 300 SOL (100 SOL + 200 SOL), with any applicable fees deducted from this total. The system then calculates the amount of bbSOL Alice will receive based on the final staked amount.
Whenever Alice decides to unstake, she can redeem her principal along with any staking rewards she has earned. During this process, the system will automatically repay the borrowed amount and any accrued interest. Any remaining balance will be credited to Alice's Funding Account as her yield. Simply put, a yield is generated when the staking rewards exceed the borrowing costs.
Notes:
— The figures in the above example are for illustrative purposes only and may not represent actual calculations.
— Margin Staked SOL only supports SOL in the Funding Account. Borrowed assets cannot be withdrawn for other purposes and are locked within the positions to earn yield.
— You can choose between Instant Redemption and Postponed Redemption. Instant Redemption is subject to a daily limit set by the platform. Additionally, redemptions of up to 400,000 SOL can be processed instantly, while amounts exceeding 400,000 SOL may require a 2–4 day waiting period for validator nodes to complete the process.
— No manual repayment is required. The system automatically handles repayments when:
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assets are redeemed, or
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a stop-loss is triggered.
Additional fees, including gas fees, may apply during this process.
For more information on the Bybit Margin Staked SOL, please refer to the following articles:
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