This is a general announcement, and the products and services mentioned here may not be applicable to your region.

Dear Users:

Based on public demand, Binance will extend the enhanced BNSOL annualized interest rate activity. Users can continue to stake SOL to earn BNSOL and will receive up to 10%* annualized interest starting from October 26, 2024 (UTC+8).

During the activity period, all new and existing BNSOL users can enjoy a maximum annualized interest rate of 10%*.

Extended activity period: starting from October 26, 2024 (UTC+8), approximately 6 to 8 days

*Please note: the annualized interest rate during the activity period ranges from 7% to 10%, fluctuating based on the total locked amount every 2-3 days (each Epoch). After the activity ends, the annualized interest rate will revert to the normal annual rate. Staking rewards will not be directly credited to users' spot accounts but will accumulate in BNSOL, gradually increasing the value of each BNSOL. Users can view their SOL staking positions and staking reward history on the Financial History page. For the latest annual interest rate, please refer to the Binance SOL Staking page.

立即质押SOL

How to obtain BNSOL:

There are two ways to obtain BNSOL:

  • Go to the Financial page - click on SOL Staking - click on SOL Staking;

  • Stake SOL through the Binance Web3 Wallet to earn BNSOL.

About BNSOL:

Binance SOL Staking (BNSOL) represents the SOL staked by users and the staking rewards earned in a tradable and transferable form. Traditional staking locks the staked assets, preventing them from being used for other purposes and increasing users' opportunity costs. In contrast, with BNSOL, users can flexibly sell, transfer, or utilize their staked SOL holdings, and can also transfer BNSOL to personal wallets (e.g., Binance Web3 Wallet) for use on non-Binance platforms while still earning staking rewards. Even when using BNSOL for other Binance products or external DeFi applications to earn additional rewards, staking rewards can still be accumulated through the BNSOL: SOL exchange rate.

Note:

  • The enhanced annualized interest rate activity is provided by Binance;

  • Before staking SOL, please refer to the SOL Staking Terms of Use and Risk Warning;

  • BNSOL: SOL uses a dynamic exchange rate, and the BNSOL annualized yield enhancement activity starts from the 689th Epoch at 02:20 (UTC+8) on October 26, 2024, updating every Epoch on the Solana network (approximately every 2-3 days). Users staking SOL for BNSOL during the current Epoch can only enjoy the enhanced annualized yield after the next Epoch refresh;

  • Each BNSOL token will accumulate SOL staking rewards based on the updated SOL Staking annualized yield in each epoch. Users can exchange BNSOL tokens for the corresponding on-chain staking rewards (paid in SOL) based on the updated BNSOL: SOL exchange rate;

  • The redemption period for BNSOL is approximately 4 days. Potential processing limitations on the Solana network (such as network failures or congestion) may affect redemptions. In such extreme cases, redemptions may be impacted;

  • Users can refer to the BNSOL contract address on the Solana network, as follows:

  • Binance SOL staking and BNSOL use the original Stake Pool Program maintained by Solana Labs, which has been audited by multiple security companies and verified by various liquid staking token (LST) providers, ensuring the safety of funds;

  • Individuals and entities from the United States and sanctioned countries or regions will be unable to use Binance SOL staking. Additionally, due to existing product and/or regulatory restrictions, users may face access restrictions for Binance SOL staking. Please refer to the Binance Terms of Use for details;

  • For any participants who tamper with Binance program code or use other software to interfere with the operation of Binance program code, Binance reserves the right to disqualify their participation;

  • Binance reserves the right to cancel or modify the activity or the rules of the activity at its discretion;

  • There may be discrepancies between the English original announcement and the translated version. In case of any discrepancies, please refer to the English original for the most recent or accurate information.

Thank you for your support of Binance!

Binance Team

October 24, 2024