Bitget has partnered with Solayer to launch BGSOL, which is now open for staking, offering a maximum comprehensive return of 30% APR

ChainCatcher news, Bitget collaborates with Solayer to launch BGSOL. BGSOL is a liquidity staking solution introduced by Bitget, where users can stake SOL and receive BGSOL tokens. Unlike traditional staking methods, BGSOL allows users to maintain the liquidity of their assets while enjoying multiple rewards. In addition to earning staking rewards, BGSOL can also be used for other DeFi activities. BGSOL aims to provide users with flexible asset management and high-yield staking opportunities.

Bitget CEO Gracy Chen stated, "The launch of BGSOL marks an important step for Bitget in providing more diversified financial solutions. By allowing users to maintain the flexibility of their assets while earning staking returns, we also open up more participation opportunities for users in the DeFi ecosystem."

Solayer spokesperson Rachel added, "BGSOL brings new flexibility and innovation to Solana's staking mechanism through Solayer. Holders can earn multiple rewards while maintaining liquidity and enjoy priority access to Bitget-related product trading services within the Solana ecosystem. This collaboration is just the beginning of Bitget and Solayer building blue-chip infrastructure together on Solana."

BGSOL is now open for staking, and the BGSOL Wealth Management product has also launched, allowing users to enjoy compounded returns. Details are as follows:

BGSOL Staking Details:
Current exchange rate: 1 BGSOL ≈ 1.02818171 SOL
On-chain base yield: 8.15% APR
Staking range: 0.01-10,000 SOL

BGSOL Wealth Management (compounded returns):
Regular user yield: 17% APR, hard cap of 6 BGSOL
VIP user yield: 22% APR, hard cap of 12 BGSOL
Subscription open time: October 22, 18:00 - November 21, 18:00 (UTC+8)