The world’s largest cryptocurrency exchange Binance has announced that it will list the highly anticipated token Binance Staked SOL (#BNSOL ).

“Binance will list BNSOL and trading for BNSOL/SOL will take place on 10.102024 at 08:00 (UTC) in the future.”

Stating that there are 3 ways to get BNSOL, Binance listed them as follows: “Click [Earn] > [ #SOL Staking ] to save energy and [SOL Stake] healthily.

Deposit SOL to BNSOL in Binance Web3 Wallet.

Deposit BNSOL to Binance.”

Binance also announced the introduction of SOL stakers. Accordingly, Binance said, “Stake SOL to get BNSOL and enjoy up to 10% increased APR. All new and existing BNSOL holders will get up to 10% APR during the campaign period.”

What is Binance SOL (BNSOL)?

Binance Staked SOL (BNSOL) is a token that represents staked SOL and the staking rewards received in a tradable and transferable format.

Regular staking locks up your staked assets, meaning you can’t use them for other purposes.

In contrast, BNSOL provides the durability of your staked SOL to be sold, transferred, or used permanently. You can use BNSOL outside of the Binance platform, such as a personal wallet like Binance Web3 Wallet, and earn rewards. BNSOL is accumulated through staking rewards, even when deployed on other Binance shards or external DeFi applications for additional yield opportunities.

#binance #moonbix #BNB