This is a general announcement. The products and services described here may not be available in your area.
Dear Binance Community Members,
Binance will list BNSOL and open trading for BNSOL/SOL on 2024-10-10 11:00 (UTC+3).
How to get BNSOL
There are three ways to obtain BNSOL:
Go to the Earn > SOL Staking section and click on SOL Staking.
Stake SOL and get BNSOL in Binance Web3 Wallet.
Transfer BNSOL to your Binance account.
Promotion: Stake SOL, get BNSOL and earn increased APR up to 10%
During the promotion, all new and existing BNSOL holders will receive up to 10%* in APR.
Promotion period: approximately 8-10 days from 10/16/2024 (UTC+3).
*Note: The APR will likely be 8-10% during the promotion. The fluctuation will depend on the total value locked for 2-3 days (in each era). After the promotion, the APR will return to the normal rate. For the latest APR, please refer to the SOL staking page on Binance.
About BNSOL
Binance Staked SOL (BNSOL) represents your staked SOL plus earned staking rewards in a tradable and transferable form. Typically, staking involves locking up your staked assets, meaning they cannot be used for other purposes. This increases the opportunity cost for the user. In contrast, BNSOL provides the ability to sell, transfer, or use your staked SOL positions. You can even move your BNSOL to a personal wallet like the Binance Web3 Wallet and use it outside of the Binance platform while still earning rewards. Staking rewards are accrued based on the BNSOL:SOL conversion rate â even if BNSOL is used in other Binance products or external DeFi applications to earn additional returns.
Additional information
Notes:
Access to trading in the new pairs listed above depends on the user's country or region of residence. Please note that the list of restricted countries below may change from time to time due to mandatory changes in applicable laws and regulations, as well as other changes related to trading pairs. Users must complete account verification to trade in the new pairs.
Please note that this list may change periodically due to changes in legislation and other factors.
Currently, users residing in the following countries or regions will not be able to trade the following spot trading pairs: Australia, Canada, Cuba, Crimea, Iran, Japan, Kazakhstan, New Zealand, North Korea, Russia, Syria, United Arab Emirates, United States of America and its territories (American Samoa, Guam, Puerto Rico, Northern Mariana Islands, US Virgin Islands), and any non-government controlled areas of Ukraine.
Increased APR rewards are Binance funds used for the express purpose of promoting the promotion.
The BNSOL:SOL conversion rate is dynamic and will be updated at each Solana network epoch (approximately every 2-3 days). The increased APR will begin to take effect at epoch 685, approximately 2024-10-16 03:40 (UTC+3). Users who stake SOL to gain BNSOL during the current epoch will not begin to receive the increased APR until the next epoch updates.
Please read Binance SOL Staking Terms and Risk Disclosure before staking SOL.
Binance reserves the right to cancel or amend the promotion and its rules at its sole discretion.
There may be discrepancies between the translation and the original English article. For up-to-date and accurate information in this case, please read the original version of the announcement.
Thanks for support!
Binance Team
09.10.2024
