KEYTAKEAWAYS
- BGSOL enables flexible SOL staking with up to 22% APR for VIP users, allowing instant liquidity and participation in various DeFi activities.
- Users can stack yields through multiple revenue streams: liquidity staking, re-staking, MEV benefits, and potential airdrops on Solana.
- BGSOL partners with major Solana protocols like Orca and Kamino, offering expanded DeFi opportunities beyond traditional staking rewards.
CONTENT
Discover BGSOL, Bitget’s innovative liquid staking solution for Solana, offering up to 22% APR, instant liquidity, and multi-layered DeFi opportunities. Learn about staking benefits, ecosystem partnerships, and earning strategies.
WHAT IS BGSOL?
BGSOL is a liquidity staking solution launched by Bitget, based on the Solana (SOL) blockchain. When users stake SOL, they receive BGSOL tokens. Unlike traditional staking methods, BGSOL allows users to maintain the liquidity of their assets while staking. In addition to staking rewards, BGSOL can be used in various DeFi (Decentralized Finance) activities, offering users multiple channels for earning rewards.
BGSOL aims to solve the liquidity constraints caused by locked assets in traditional staking. It allows users to enjoy staking rewards while keeping their assets flexible and accessible. This model is particularly appealing to users who want to earn stable returns from SOL while still participating in other activities within the Solana ecosystem.
HOW TO START STAKING WITH BGSOL
How to Participate:
- Staking SOL: Users first need to log in to the Bitget platform, navigate to the staking page, and choose to stake their Solana (SOL) tokens. After staking, users will receive the corresponding amount of BGSOL as proof of stake.
- Managing BGSOL: Once holding BGSOL tokens, users can monitor their BGSOL holdings and earnings through the Bitget platform. They can also choose to re-stake or participate in other DeFi projects at any time.
- Unlocking BGSOL: If users wish to withdraw their staked SOL, they can choose to convert BGSOL back into SOL. This process requires no lock-up period, and funds can be unlocked flexibly.
- Yield Calculation and Distribution: Staking rewards are dynamically calculated based on the amount of BGSOL held and the current yield rate. These rewards are automatically distributed to the user’s account.
- Current Exchange Rate: 1 BGSOL ≈ 1.02818171 SOL, meaning the value of BGSOL tokens slightly exceeds the SOL staked.
- On-chain Basic Yield Rate: 8.15% APR, which represents the base return for staking participation.
- Staking Range: A minimum of 0.01 SOL, up to a maximum of 10,000 SOL can be staked.
Additionally, Bitget has launched a BGSOL financial product offering stacked returns:
- General User Yield Rate: 17% APR, with a cap of 6 BGSOL.
- VIP User Yield Rate: 22% APR, with a cap of 12 BGSOL.
- Subscription Open Period: From October 22, 18:00 to November 21, 18:00 (UTC+8).
BGSOL’S STRATEGIC DEFI PARTNERS
(Source: Bitget)
BGSOL is closely integrated with several projects within the Solana ecosystem, offering users more opportunities to gain value in DeFi:
- Orca (AMM Liquidity Market): Orca is the most user-friendly and liquidity-concentrated Automated Market Maker (AMM) on Solana. BGSOL holders can participate in liquidity mining through Orca and earn additional rewards.
- Solayer (Re-Staking Platform): Solayer is a leading re-staking network on Solana, allowing users to easily perform re-staking operations with one click, simplifying on-chain processes and increasing yield opportunities.
- Save (Lending Platform): Save is a permissionless savings account where users can leverage BGSOL for lending operations, enabling more use cases for their assets.
- Kamino (DeFi Platform): On Kamino, one of the best DeFi lending platforms, users can leverage BGSOL for lending, further expanding the potential for asset appreciation.
These partnerships offer BGSOL holders extensive participation opportunities, enhancing the value and utility of BGSOL within the Solana ecosystem.
KEY BENEFITS OF BGSOL
- Multiple Revenue Streams: BGSOL allows users to earn staking rewards and participate in other DeFi activities, such as liquidity mining and re-staking, providing additional opportunities for earnings.
- Flexible Liquidity: Unlike traditional SOL staking, BGSOL allows users to unlock their SOL at any time without a lock-up period, preserving asset liquidity.
- High Yield: Staking BGSOL offers a comprehensive annualized return of over 30%, making it an attractive option for investors seeking high returns in the DeFi market.
- Diversified Advantages: According to Bitget, BGSOL offers four layers of yield stacking, ensuring stable asset growth. These layers include liquidity staking, re-staking, MEV (Maximum Extractable Value), and potential airdrop incentives. Additionally, BGSOL holders can benefit from AVS (Accelerated Validation Service) for faster on-chain transactions, helping users participate in popular project launches within the Solana ecosystem.
- Increased Value in the DeFi Ecosystem: BGSOL is integrated into several Solana projects such as Orca and Solayer, giving holders priority access to new projects and incentive programs within the Solana ecosystem.
FAQS
- What is BGSOL?
BGSOL is a liquidity token users receive after staking SOL. It allows participation in other DeFi activities while continuing to earn staking rewards.
- Will the BGSOL yield rate fluctuate?
Yes, the annual yield rate of BGSOL adjusts dynamically based on market conditions, and Bitget regularly updates the rate.
- How do I convert BGSOL back into SOL?
Users can unlock BGSOL into SOL at any time without waiting for a lock-up period.
