WHAT IS BNSOL ?
Binance SOL Staking, also known as BNSOL, is a staking solution that allows users to earn rewards while still having access to their assets . Here's how it works
BNSOL Token:
#BNSOL is a utility token that accumulates staking rewards through the BNSOL:SOL conversion rate
-Staking Rewards:
Rewards are compounded to increase the value of each BNSOL, and users can earn SOL staking rewards while still having access to DeFi protocols and services outside Binance
-Flexibility:
BNSOL can be used outside the Binance platform while still earning rewards, making it a flexible option for users
APR:
The annual percentage rate (APR) is dynamic and calculated based on the on-chain Solana staking rewards (less commission)
Redemption:
Users can redeem their BNSOL for SOL at any time
Overall, Binance $SOL Staking with BNSOL offers a flexible and rewarding solution for users looking to stake their SOL assets.
