Solayer and Bitget Announce BGSOL – a Liquid Restaking Token on Solana

Quick Summary:

Top restaking protocol on the Solana network, Solayer, has announced BGSOL, a liquid restaking token (LRT), which was developed through a strategic collaboration between Bitget Exchange and Solayer Labs.

These tokens have already demonstrated the value of exchange-backed LRTs, allowing users to earn rewards while benefiting from faster transaction speeds on Solana.

This launch follows the previous success of BNSOL and bbSOL, two other liquid restaking tokens introduced earlier by Binance and Bybit in partnership with Solayer.

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Article Details

Author / Journalist: Aparna

Category: Crypto

Markets: United Arab Emirates

Topics: Blockchain Altcoin Altcoin News

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-22 @ 17:18:11 (6 days ago)

News Timezone: GMT +0:00

News Source URL: thenewscrypto.com

Language: English

Article Length: 403 words

Reading Time: 3 minutes read

Sentences: 27 lines

Sentence Length: 15 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © TheNewsCrypto

News ID: 23207187

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