On January 6, 2025, Bybit Web3 Wallet, in collaboration with SOLV Protocol, initiated an airdrop event that incentivizes users to stake their SOL into bbSOL through the Bybit Web3 Wallet's Earn section (@EmberCN). Participants are required to stake a minimum of 0.5 SOL to be eligible for a share of a 1.3 million SOLV prize pool. The event page, accessible via the provided link, details the steps to join: users must create or import a mnemonic wallet on Bybit Web3 and stake at least 0.5 SOL by January 6, 2025 (@EmberCN).

The introduction of bbSOL, Bybit's staked SOL token, offers a current annual yield of approximately 8.45% (@EmberCN). bbSOL enhances the utility of SOL across both on-chain (DeFi) and centralized (CeFi) platforms. On the Solana blockchain, bbSOL is integrated with eight DeFi projects: Kamino, Save, marginfi for lending; Raydium, Orca, Kamino for liquidity provision; and Solayer for staking, where users can earn quadruple points (@EmberCN). Additionally, Bybit supports bbSOL in eight of its products, including staking and borrowing other cryptocurrencies, and unified trading (@EmberCN).

As of January 6, 2025, the staking volume for bbSOL has seen a significant increase due to the airdrop event (@EmberCN). The top 100 stakers by volume are eligible for the 1.3 million SOLV reward, indicating a competitive environment for participants (@EmberCN). The current market conditions for SOL show a stable price trend with a slight uptick, which may encourage more users to participate in the staking event, leveraging the potential yield and additional airdrop incentives (@EmberCN).