This is a general announcement. Products and services referred to here may not be available in your region.
Fellow Binancians,
Binance is launching BNSOL Super Stake. Users who hold BNSOL within their Binance account and Web3 Wallet will periodically receive APR Boost Airdrop Rewards. These rewards are additional token airdrops given on top of the base APR from Binance SOL Staking, providing an extra boost to users’ earnings.
Additionally, for a limited-time until the end of 2024, all new and existing BNSOL holders will enjoy a higher base APR, compared to the original base APR at launch.
Note: Binance will post separate announcements 1 to 2 weeks ahead of each BNSOL Super Stake to provide more details. During the BNSOL Super Stake period, rewards will accrue daily and can be claimed on the Binance SOL Staking page.
How to Get BNSOL:
There are three ways to get BNSOL:
Navigate to [Earn] > [SOL Staking] and click [Stake SOL].
Stake SOL to BNSOL on Binance Web3 Wallet.
Buy BNSOL on the Spot Market, Convert, Auto-Invest or the Buy Crypto page.
About BNSOL:
Binance Staked SOL (BNSOL) represents your staked SOL plus the staking rewards received, in a tradable and transferable form. Ordinary staking would lock up your staked assets, which means you cannot use them for other purposes – it increases a user's opportunity cost. In contrast, BNSOL provides flexibility to sell, transfer, or use the staked SOL position. You can even move BNSOL to a personal wallet, such as Binance Web3 Wallet and use it outside the Binance platform whilst still earning rewards. BNSOL accumulates staking rewards through the BNSOL:SOL conversion rate, even when it is used in other Binance products or external DeFi applications for additional yield opportunities.
Notes:
Users must complete identity verification and stake SOL to BNSOL. For BNSOL holders on Binance, both main accounts and sub-accounts holding BNSOL will also be able to enjoy the APR Boost Airdrop Rewards.
APR Boost Airdrop Rewards are contributions made by the respective protocol team to Binance with the express purpose of facilitating promotional activities. In most instances, these are also listed projects on Binance.
Please refer to Binance SOL Staking Terms and Conditions and Risk Warning prior to 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 accrue SOL Staking rewards every epoch, in accordance with the refreshed APR on SOL Staking. Users can redeem their BNSOL tokens for corresponding on-chain staking rewards in the form of SOL, based on the refreshed BNSOL:SOL conversion ratio.
The redemption period for BNSOL is around four (4) days. Potential processing limitations on the Solana network, such as network failure or congestion, may affect redemptions. In such extreme cases, redemptions may be subject to limitations set by Binance.
Users can refer to the following contract address for BNSOL on Solana Network.
Binance SOL Staking and BNSOL use the original Stake Pool Program maintained by Solana Labs, a framework audited by multiple security firms and validated by various liquid staking token (LST) providers to ensure the total safety of funds.
Participation in BNSOL Super Stake is subject to eligibility based on the user's country or region of residence.
U.S. persons, entities, and individuals from sanctioned countries will not be able to use Binance SOL Staking. Additionally, users may face access restrictions to Binance SOL Staking due to prevailing product and/or regulatory limitations. For more information, please refer to Binance Terms of Use.
Binance reserves the right to disqualify any participants who tamper with Binance program code, or interfere with the operation of Binance program code with other software.
Binance reserves the right to cancel or amend the Promotion or Promotion Rules at its sole discretion.
Additional promotion terms and conditions can be accessed here.
There may be discrepancies between this original content in English and any translated versions. Please refer to the original English version for the most accurate information, in case any discrepancies arise.
Thank you for your support!
Binance Team
2024-11-07
This announcement was amended on 2024-11-12 to clarify that both Binance main accounts and sub-accounts holding BNSOL will be able to enjoy the APR Boost Airdrop Rewards.
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Binance reserves the right in its sole discretion to amend or cancel this announcement at any time and for any reasons without prior notice.
Disclaimer: Digital asset prices can be volatile. The value of your investment may go down or up and you may not get back the amount invested. You are solely responsible for your investment decisions and Binance is not liable for any losses you may incur. APR is an estimate of rewards you will earn in cryptocurrency over the selected timeframe. It does not display the actual or predicted returns/yield in any fiat currency. APR is adjusted daily and the estimated rewards may differ from the actual rewards generated. Not financial advice. For more information, see our Terms of Use and Risk Warning.
