đBinance Lists BNSOL Token
đ„Binance listed BNSOL and opened trading for BNSOL/SOL at 15:00 on October 10. Users can stake SOL to earn BNSOL and enjoy an increased APR of up to 10%.
â°The promotion lasts for about 8-10 days from October 16. During the promotion period, all new and existing BNSOL holders will receive a preferential APR of 10%.
đČBinance Staked SOL (BNSOL) is the liquid staking token for SOL on the Binance exchange. BNSOL represents staked SOL along with the staking rewards received, in the form of a tradable and transferable asset.
đTypically, staking activities lock up assets, making it impossible for users to move or use them for other purposes, increasing the opportunity cost of users. With BNSOL, users have more flexible investment options. BNSOL can be sold, transferred, or used as staked SOL positions.
đźUsers can also transfer BNSOL to personal wallets, such as Binance Web3 Wallet, and use it outside of the Binance platform while still earning rewards. BNSOL accumulates staking rewards through the BNSOL:SOL conversion rate, even when used in other Binance products or external DeFi applications for more profit opportunities.
đCurrently, users have 3 ways to receive BNSOL:
â Go to "Earn" then select "SOL Staking" and then select "Stake SOL" to receive BNSOL
â Stake SOL into BNSOL on Binance Web3 Wallet
â Deposit BNSOL into Binance account
