Binance has introduced $BNSOL, a liquid staking token for users staking their $SOL tokens.
#BNSOL allows users to earn staking rewards while retaining the flexibility to trade, lend, or use their assets on #Binance or external DeFi platforms.
Each BNSOL represents 1 staked SOL plus accumulated rewards, with its value increasing over time. Users can also withdraw BNSOL to their Web3 wallets and explore Solana protocols integrated with it, such as Kamino, Orca, Raydium, and more.
