Introducing BGSOL: The First Restaking-backed LST launched by Bitget

Today we’re excited to unveil BGSOL, a liquid restaking token that represents the future of exchange-backed LRTs on Solana. Developed through an innovative partnership between Bitget and Solayer, BGSOL provides holders with liquid staking rewards, all the while automatically supporting Bitget’s product suite with priority transaction services via the Solayer Restaking Network.

Redefining Exchange-Backed LRTs

Liquid staking is rapidly becoming a cornerstone of Solana’s DeFi infrastructure, and Solayer is proud to have partnered with several leading exchanges to launch innovative LRTs. With BGSOL, however, we are taking things further by introducing a staking product that not only provides user rewards but also automates AVS delegation to the exchange. This ensures that Bitget benefits directly from BGSOL’s growth through faster transactions and enhanced security across their on-chain offerings.

Delivering Unmatched Flexibility and Innovation

With BGSOL, the goal is clear: to offer users unparalleled flexibility while fully unlocking the potential of Solana’s staking infrastructure. Through its partnership with Bitget, Solayer aims to extend these benefits to a broader audience, ensuring both security and performance at the highest standards. This collaboration not only enhances the user experience but also sets the stage for future innovation and sustained growth within Solana’s DeFi ecosystem.

Easy Access & Redemptions

Acquiring BGSOL is as simple as converting SOL on Bitget to BGSOL. From there holders will automatically begin accrued staking rewards while remaining liquid and able to participate in Bitget’s DeFi ecosystem. Redemption is also fast and hassle-free, with no lock-in periods, ensuring users can quickly and easily convert back to SOL whenever needed.

A Synergistic LRT Model

As we continue to push the boundaries of liquid restaking, BGSOL sets a new benchmark for how exchanges can build synergistic LRT models.

By not only providing staking rewards to users but also seamlessly delegating staked assets to support Bitget’s AVS, BGSOL showcases how liquid staking tokens can drive priority transaction services, enhance ecosystem lock-in, and provide meaningful infrastructure benefits. This approach offers a template for other exchanges to follow – combining user rewards with ecosystem support to create a more integrated and mutually beneficial DeFi environment. 

This is just the beginning, and with BGSOL, we are shaping the future of Solana’s DeFi ecosystem by offering a more dynamic, secure, and flexible staking experience. To get started and explore the benefits of BGSOL, visit Bitget today.