This is a general notice. The products and services mentioned here may not be available in your area.

Dear Binance Community,

Due to popular demand, Binance has decided to extend the current promotion for Binance Staked SOL (BNSOL) holders. Users can now continue to stake SOL into BNSOL and receive an enhanced APR of up to 10%* starting October 26, 2024 (UTC).

During the Promotion Period, all new and existing BNSOL holders will receive an APR of up to 10%*.

Renewal program duration: Approximately 6 - 8 days from October 26, 2024 (Vietnam time).

Note: *APR is likely to range from 7% to 10% during the Promotion Period and fluctuates depending on the Total Value Locked for 2 to 3 days (per epoch). After the Promotion ends, the APR will return to the regular rate. Note that staking rewards are not distributed directly to users' Spot Wallets and are accumulated according to the value of BNSOL relative to SOL. Users can also view their staking positions and reward history on the Staking History page. For the latest APR and Conversion Rate, please refer to Binance SOL Staking page.

Stake SOL ngay

How to get BNSOL:

There are two ways to get BNSOL:

  • Navigate to [Earn] > [Staking SOL] and click [Stake SOL].

  • Stake SOL to BNSOL on Binance Web3 Wallet.

About BNSOL:

Binance Staked SOL (BNSOL) represents staked SOL plus staking rewards, in a tradable and transferable form. Regular staking activities lock up the assets you stake. This means you cannot use them for other purposes – increasing the opportunity cost for users. BNSOL, on the other hand, allows users the flexibility to sell, transfer, or use their staked SOL position. You can even transfer BNSOL to a personal wallet, such as Binance Web3 Wallet and use it outside of the Binance platform while still earning rewards. BNSOL will accumulate staking rewards at the BNSOL:SOL conversion rate, even if the token is used in other Binance products or external DeFi applications for additional profit opportunities.

Note:

  • Enhanced APR rewards are Binance's contribution with the express purpose of facilitating incentive programs.

  • Please refer to Staking SOL Terms and Conditions on Binance and Risk Warning before using Staking SOL.

  • The BNSOL:SOL conversion rate is dynamic and will be updated according to the Epoch on the Solana network (approximately every 2-3 days). The enhanced APR will start from Epoch 689 at approximately 01:20 on October 26, 2024 (UTC). Users who stake SOL to receive BNSOL in the current Epoch will only start enjoying the enhanced APR after the next Epoch begins.

  • Each BNSOL token will accrue SOL Staking rewards every epoch, according to the refreshed APR on Staking SOL. Users can redeem their BNSOL tokens to receive staking rewards on the respective chain in the form of SOL, based on the refreshed BNSOL:SOL conversion ratio.

  • The redemption time for BNSOL is approximately four (4) days. Potential processing limitations on the Solana network such as errors or network congestion may affect the redemption. In such extreme cases, the redemption of assets may be subject to limits imposed by Binance.

  • Users can refer to the following contract address for BNSOL on the Solana network.

  • Staking SOL on Binance and BNSOL uses the original Staking Pool Program maintained by Solana Labs, a robust framework audited by multiple security firms and validated by multiple Liquid Staking (LST) token providers to ensure the absolute safety of funds.

  • US individuals, entities, and persons from sanctioned countries will not be able to use SOL Staking on Binance. Additionally, users may have limited access to SOL Staking on Binance due to applicable product and/or regulatory restrictions. For more information, please refer to Binance Terms of Use.

  • Binance reserves the right to disqualify any participant who tamperes with Binance program code or disrupts the operation of Binance program code using other software.

  • Binance reserves the right to cancel or amend the program or program rules at its sole discretion.

  • Additional terms and conditions of the promotion are here.

  • There may be differences between the original English version and the translations. Please refer to the original English version for the most accurate information, in case any differences arise.

Thanks for your support!

Binance Team

24/10/2024