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This is a general announcement. Products and services referred to here may not be available in your region.
Fellow Binancians,
Binance will list BNSOL and open trading for BNSOL/SOL at 2024-10-10 08:00 (UTC).
There are 3 ways to get BNSOL:
Navigate to [Earn] > [SOL Staking] and click [Stake SOL].
Stake SOL to BNSOL on Binance Web3 Wallet.
Deposit BNSOL to your Binance account.
During the Promotion Period, all new and existing BNSOL holders will get up to 10%* in APR.
Promotion Period: Approximately 8 - 10 days from 2024-10-16 (UTC).
*Note: The APR is likely to be between 8 - 10% during the Promotion Period, with fluctuations depending on the Total Value Locked per 2 - 3 days (each epoch). After the Promotion Period, the APR will revert back to the normal rate. For the latest APR, please refer to the Binance SOL Staking page.
Binance Staked SOL (BNSOL) represents your staked SOL plus the staking rewards received, in a tradable and transferable form. Ordinary staking would lock up your staked assets, which means you cannot use them for other purposes – it increases a user's opportunity cost. In contrast, BNSOL provides flexibility to sell, transfer, or use the staked SOL position. You can even move BNSOL to a personal wallet, such as Binance Web3 Wallet and use it outside the Binance platform whilst still earning rewards. BNSOL accumulates staking rewards through the BNSOL:SOL conversion rate, even when it is used in other Binance products or external DeFi applications for additional yield opportunities.
Trading of the aforementioned new trading pair is subject to eligibility based on the user's country or region of residence. Please note that the list of restricted countries provided below may be changed from time to time, due to mandatory changes in applicable laws and regulations, or other changes relevant to the trading eligibility of this new trading pair. Users need to complete account verification to participate in the trading of this new trading pair.
Please note that this list may be updated periodically to accommodate changes in legal, regulatory, or other factors.
Currently, users residing in the following countries or regions will not be able to trade the aforementioned spot trading pairs: Australia, Canada, Cuba, Crimea Region, Iran, Japan, Kazakhstan, New Zealand, North Korea, Russia, Syria, United States of America and its territories (American Samoa, Guam, Puerto Rico, the Northern Mariana Islands, the U.S. Virgin Islands), and any non-government controlled areas of Ukraine.
Boosted APR Rewards are contributions made by Binance with the express purpose of facilitating promotional activities.
The BNSOL:SOL conversion ratio is dynamic and will be updated per Epoch on the Solana network (approximately every 2 - 3 days). The Boosted APR will start from Epoch 685 at approximately 2024-10-16 00:40 (UTC). Users who stake SOL to receive BNSOL during the current Epoch will start enjoying the boosted APR only after the next Epoch refreshes.
Please refer to Binance SOL Staking Terms and Conditions and Risk Warning prior to using SOL Staking.
Binance reserves the right to cancel or amend the Promotion or Promotion Rules at its sole discretion.
There may be discrepancies in the translated version of this original article in English. Please reference this original version for the latest or most accurate information where any discrepancies may arise.
Thank you for your support!
Binance Team
2024-10-09
Note: This announcement was updated on 2024-10-10 to update the list of restricted countries.
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Binance reserves the right in its sole discretion to amend or cancel this announcement at any time and for any reasons without prior notice.
Disclaimer: In compliance with MiCA requirements, from 2024-06-30, unauthorized stablecoins are subject to certain restrictions for EEA users. For more information, please click here.
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