For staking amounts like $0, $10, $100, and so on, the rewards you will earn depend on several factors such as the current staking yield of Solana (SOL) and the staking duration. Binance Earn provides varying annual percentage yields (APYs) that fluctuate depending on market conditions. For example, if the APY is around 6%, here's how the rewards might roughly look like over a year based on staking:
Example APY: 6% (estimated rewards over a year)
1. $0 Staked:
Rewards: $0
2. $10 Staked:
Rewards: $0.60/year
Monthly: ~$0.05
3. $100 Staked:
Rewards: $6/year
Monthly: ~$0.50
4. $150 Staked:
Rewards: $9/year
Monthly: ~$0.75
5. $200 Staked:
Rewards: $12/year
Monthly: ~$1.00
6. $300 Staked:
Rewards: $18/year
Monthly: ~$1.50
7. $500 Staked:
Rewards: $30/year
Monthly: ~$2.50
8. $1000 Staked:
Rewards: $60/year
Monthly: ~$5.00
9. $1500 Staked:
Rewards: $90/year
Monthly: ~$7.50
10. $2000 Staked:
Rewards: $120/year
Monthly: ~$10.00
11. $3000 Staked:
Rewards: $180/year
Monthly: ~$15.00
12. $5000 Staked:
Rewards: $300/year
Monthly: ~$25.00
Important Points:
APY Fluctuations: Staking rewards are not fixed. They fluctuate with network performance, demand for staking, and the validatorâs performance.
Compounding: Binance may offer options for auto-compounding rewards, which could increase your earnings over time.
How to Stake Solanaâs Liquid Staking Token (BNSOL) on Binance:
1. Deposit SOL: Have SOL tokens in your Spot Wallet.
2. Visit Binance Earn: Go to the liquid staking section, select SOL.
3. Choose the Amount: Stake any desired amount and receive BNSOL tokens.
4. Hold or Trade BNSOL: Keep earning while maintaining liquidity.#DODOEmpowersMemeIssuance #Gravity #Debate2024 #@dappOS_com
