Bybit Staked SOL

Bybit Staked SOL receives a B- risk grade (34/100) from Hindenrank, where lower scores indicate lower risk. Moderate risk — a functional Solana liquid staking product from a major exchange, but Bybit's less transparent regulatory position and short track record warrant caution. Bybit Staked SOL (bbSOL) is a liquid staking token from the Bybit exchange that lets you earn Solana staking rewards (up to 8% APY) while keeping your tokens usable in DeFi. Built in partnership with Sanctum on Solana's audited stake-pool program, it launched in September 2024. While the underlying staking mechanism is standard, the main risk is Bybit dependency — all operations are controlled by a single centralized exchange with less regulatory transparency than publicly-listed competitors.

The key risks identified for Bybit Staked SOL are: (1) All your staked SOL is controlled by Bybit — if the exchange has financial or regulatory problems, your SOL could be temporarily inaccessible (2) bbSOL is newer than competing LSTs from Binance and Coinbase, with less than 2 years of track record (3) Bybit is not publicly listed and has less regulatory oversight than competitors like Coinbase, adding counterparty risk

Bybit Staked SOL scores 34/100 across eight risk dimensions: Mechanism Novelty: 0/15, Interaction Severity: 4/20, Oracle Surface: 2/10, Documentation Gaps: 4/10, Track Record: 6/15, Scale Exposure: 5/10, Regulatory Risk: 6/10, Vitality Risk: 7/10. The highest risk area is Vitality Risk at 7/10.

Among 81 rated Liquid Staking protocols on Hindenrank, Bybit Staked SOL ranks #55 by safety (lowest risk score = safest). Its 34/100 risk score and B- grade place it among the riskier Liquid Staking protocols.

Bybit Staked SOL scores 6/15 on the Track Record risk dimension, indicating some history of security incidents or exploits. Higher scores reflect more severe or frequent incidents. Review the full risk report for details.