Bybit Web3 Wallet and SOLV Protocol have initiated an airdrop campaign, as announced by @EmberCN on January 6, 2025. Participants can engage by staking a minimum of 0.5 SOL into bbSOL through the Earn section of Bybit Web3 Wallet. The campaign offers a chance to share a pool of 1.3 million SOLV tokens, with the top 100 stakers by volume being eligible for the rewards. To participate, users must visit the campaign page at https://t.co/EILTIZkwnI, create or import a mnemonic wallet in Bybit Web3, and stake at least 0.5 SOL in the Earn section [@EmberCN, January 6, 2025].

The introduction of bbSOL, Bybit's staked SOL token, offers participants an annual percentage yield (APY) of approximately 8.45%, as reported by @EmberCN on January 6, 2025. bbSOL's utility extends to both DeFi and CeFi applications. On the DeFi side, bbSOL can be used in eight Solana DeFi projects, including lending platforms like Kamino, Save, and marginfi, liquidity provision on Raydium and Orca, and staking on Solayer, which offers a 4x points reward for staking bbSOL. On the CeFi side, Bybit supports bbSOL in eight products, including staking and borrowing other cryptocurrencies [@EmberCN, January 6, 2025].

While specific trading data such as exact price movements and trading volumes were not provided in the initial announcement, the integration of bbSOL into various platforms suggests potential liquidity and trading opportunities. As of the announcement date, no specific technical indicators or on-chain metrics related to bbSOL were available. However, the staking campaign's structure implies a focus on incentivizing early adopters and increasing the token's liquidity and utility across different ecosystems [@EmberCN, January 6, 2025].