Let’s talk about BNSOL staking:
🎈If you are a long-term SOL holder, if you have a large amount of SOL in your possession, if you want to gain more passive income... then learn about BNSOL staking.
Traditional staking income vs re-staking income
1. Ordinary staking will lock your pledged assets, which means that after you pledge, you can no longer use them for other purposes.
2. Re-staking: BNSOL. After staking, in addition to being able to sell, transfer or use the staked SOL holdings, you can even transfer BNSOL to your personal wallet and use it outside the Binance platform while still receiving staking rewards. Even if you use BNSOL in other Binance products or external DeFi applications for additional income opportunities, BNSOL can still accumulate staking rewards through the BNSOL-SOL exchange rate.
In simple terms: traditional pledge means that you deposit money in Bank A and earn "interest". Your deposit certificate is just a bill. This money cannot generate other income or use other than "interest" income except for you to withdraw it.
In addition to earning "interest" by staking BNSOL, you can also transfer the certificate given to you to other banks, or sell it directly, and for other purposes...
🔺Reminder: If you sell/transfer your BNSOL, the redemption rights of the staked SOL and corresponding rewards (including accumulated rewards and future rewards) will be transferred to the new holder.
