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

Caros Binancers,

Binance will list BNSOL and open trading for BNSOL/SOL on 2024/10/10 05:00 (UTC).

How to get BNSOL:

There are 3 ways to obtain BNSOL:

  • Go to [Earn] > [SOL Staking] and click on [SOL Staking].

  • Stake SOL to BNSOL on Binance Web3 Wallet.

  • Deposit BNSOL into your Binance account.

Start Trading on Binance Spot Now!

Promotion: Stake SOL to receive BNSOL and enjoy a promotional APR of up to 10%

During the promotion period, all new and existing BNSOL holders will receive up to 10%* APR.

Promotion Period: approximately 8 to 10 days from 10/16/2024 (BRT).

*Note: The APR is likely to be between 8% and 10% during the Promotion Period, with fluctuations depending on the Total Value Locked for 2-3 days (each epoch). After the promotion period, the APR will return to the normal rate. For the latest APR, please refer to the Binance SOL Staking page.

About BNSOL:

Binance Staked SOL (BNSOL) represents your staked SOL plus the staking rewards you earn, BNSOL is tradable and transferable. Regular staking locks your staked assets, meaning you cannot use them for other purposes – this increases the opportunity cost for the user. On the other hand, BNSOL gives you the flexibility to sell, transfer, or use your staked SOL position. You can also move BNSOL to a personal wallet such as the Binance Web3 Wallet and use it outside of the Binance platform while still earning rewards. BNSOL accumulates staking rewards through the BNSOL:SOL conversion rate, even when used in other Binance products or external DeFi applications for additional yield opportunities.

Notes:

  • Trading of the new trading pair mentioned above is subject to eligibility based on the user’s country or region of residence. Please note that the list of restricted countries provided below may be changed from time to time due to mandatory changes in applicable laws and regulations or other changes relevant to the trading eligibility of this new trading pair. Users need to complete account verification to participate in trading this new pair.

    • Please note that this list may be updated periodically to accommodate changes in legal, regulatory or other factors.

    • At the moment, users residing in the following countries or regions will not be able to trade the above mentioned Spot trading pairs: Australia, Canada, Cuba, Crimea Region, 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 areas of Ukraine not controlled by its government.

  • Enhanced APR Rewards are contributions made by Binance for the express purpose of facilitating promotional activities.

  • The BNSOL:SOL conversion rate is dynamic and will be updated per Epoch on the Solana network (approximately every 2-3 days). The promotional/enhanced APR will begin at Epoch 685, approximately 2024-10-15 0:40 PM (UTC). Users who staked SOL to receive BNSOL during the current Epoch will only start enjoying the promotional APR after the next Epoch update.

  • Please refer to the Binance SOL Staking Terms and Conditions and Risk Disclosure before using SOL Staking.

  • Binance reserves the right to cancel or amend the Promotion or Promotion Rules at its sole discretion.

  • There may be discrepancies in the translated version of this original English article. Please refer to the original version for the most recent or accurate information where discrepancies may arise.

Thank you for your support!

Binance Team

09/10/2024