This announcement is general in nature. Products and services mentioned herein may not be available in your area.
Hello Binancians,
Binance is excited to announce the first launch of Super BNSOL Staking with our Binance Token Partner - Pyth Network (PYTH), an advanced oracle network.
Users who hold BNSOL or stake SOL to BNSOL in their Binance account or Web3 Wallet from 2024-12-02 07:00 WIB to 2024-12-17 06:59 WIB will receive the PYTH APR Increase Airdrop Reward.
This PYTH APR Boost Airdrop Reward is an additional token airdrop given in addition to the base APR of Binance SOL Staking which provides a boost in the form of a higher APR on user earnings.
Pool Reward Staking Super BNSOL:
How to Claim PYTH Rewards:
PYTH APR Increase Airdrop Rewards will be claimable every day at around 12.30 WIB starting from 03-12-2024 onwards.
Eligible users can visit the SOL Staking page and click [Claim Reward] to claim their rewards. Otherwise, this PYTH APR Increase Airdrop Reward will be airdropped to users' Spot Wallet after the campaign ends on 2024-12-17 at 12:30 PM (GMT+7).
How to Get BNSOL:
There are two ways to get BNSOL:
Head to [Earn] > [Staking SOL], then click [Staking SOL].
Stake SOL to BNSOL in Binance Web3 Wallet.
Buy BNSOL on Spot Market, Convert, Auto Invest, or Buy Crypto page.
About BNSOL:
Binance Staked SOL (BNSOL) represents your staked SOL plus the staking rewards received in a tradable and transferable form. Regular staking locks your staked assets, meaning you cannot use them for other purposes – which increases the opportunity cost for users. In contrast, BNSOL gives you the flexibility to sell, transfer, or use your staked SOL position. You can even withdraw 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 via the BNSOL:SOL conversion rate, even when used in other Binance products or external DeFi applications for additional yield opportunities.
Related Materials:
Notes:
Users must complete identity verification and stake SOL to BNSOL. All BNSOL in eligible users’ Spot, Funding, Earn, Futures, Margin, and Web3 Wallets are eligible to enjoy the PYTH APR Boost Airdrop Rewards.
All BNSOL holders on Binance, including master accounts and sub-accounts holding BNSOL, will be able to enjoy the PYTH APR Increase Airdrop Rewards.
APR Increase Airdrop Rewards are contributions made by the respective protocol teams to Binance with the aim of facilitating promotional activities.
Snapshots of user's BNSOL positions will be taken multiple times to get the daily average balance and calculate rewards. User rewards are calculated based on the previous day's snapshot and will be updated daily.
The first PYTH APR Increase Airdrop Reward will be available to claim on 2024-12-03 at 12:30 WIB. The final reward will be available on 2024-12-17 at 12:30 WIB.
Users will be able to collect their rewards and claim these rewards directly to their Spot Wallet at any time.
Currently, BNSOL DeFi Assets only support Binance Web3 MPC Wallet. Users must have supported assets in their Binance Web3 MPC Wallet to be eligible for rewards. Rewards will be claimable on the SOL staking page and will be transferred to the user's Spot Wallet:
Aset: Binance Staked SOL (BNSOL)
Contract Address: https://solscan.io/token/BNso1VUJnh4zcfpZa6986Ea66P6TCp59hvtNJ8b1X85
Please read Binance SOL Staking Terms and Conditions and Risk Warning before using SOL Staking.
The BNSOL:SOL conversion ratio is dynamic and will be updated per Epoch on the Solana network (approximately every 2 - 3 days). Each BNSOL token will collect SOL Staking rewards every epoch according to the refreshed APR on SOL Staking. Users can redeem their BNSOL tokens for the corresponding on-chain staking rewards in SOL based on the refreshed BNSOL:SOL conversion ratio.
The BNSOL redemption period is approximately four (4) days. Potential processing restrictions on the Solana network, such as network failures or congestion, may impact redemptions. In such extreme cases, redemptions may be subject to restrictions set by Binance. During this period, users will not be eligible to receive the APR Increase Airdrop Rewards.
Users can refer to the following contract address for BNSOL on Solana Network.
Binance SOL and BNSOL staking uses the native Staking Pool Program managed by Solana Labs, a framework audited by multiple security firms and validated by multiple liquid staking token (LST) providers to ensure complete security of funds.
Participation in BNSOL Super Staking is subject to eligibility based on the user's country or region of residence.
Users may face restrictions on access to Binance SOL Staking due to applicable product and/or regulatory restrictions. For more information, please read Binance Terms of Use.
Binance reserves the right to disqualify participants who tamper with Binance's program code or interfere with the operation of Binance's program code with other software.
Binance reserves the right to cancel or amend the Promotion or Promotion Rules at its sole discretion.
There may be differences between the original English content and the translated versions in other languages. Please refer to the original English version for the most accurate information if any discrepancies arise.
Thank you for your support!
Tim Binance
28-11-2024
