Binance has launched BNSOL—an innovative way to stake Solana (SOL) while retaining flexibility and liquidity. With Binance SOL Staking, users can stake their SOL tokens and receive BNSOL in return, a liquid staking token that allows them to keep earning staking rewards while trading, lending, or utilizing their assets across Binance products and external DeFi platforms.
Key Benefits of Binance SOL Staking:
Liquid Staking: Unlike traditional SOL staking on the Solana network, where assets are locked, BNSOL allows users to unlock liquidity. This means they can continue earning staking rewards while maintaining the flexibility to use their assets.
Staking Rewards: BNSOL accrues staking rewards over time, and its value increases as rewards accumulate. Each BNSOL token represents 1 staked SOL plus the earned rewards.
Redemption Options: Users can redeem BNSOL through the standard redemption process (with a waiting period) or instantly by trading BNSOL on the market.
How to Start Staking SOL:
Buy SOL via Binance’s Spot Market or supported payment methods (Visa, Mastercard, Apple Pay, Google Pay, etc.) or deposit SOL into your Binance account.
Go to [Earn] and select [Simple Earn], then click on [SOL Staking].
Stake SOL by entering the desired amount and receiving BNSOL in your Spot Wallet.
