$BTC $SOL $BNB
The news is here,
Solana staking is undergoing a major change!
Binance plans to launch BNSOL, the Solana staking product, at the end of September.
BNSOL allows users to stake SOL tokens to get network fees,
and can also create liquidity staking tokens, which can be used even if the underlying tokens are locked.
The head of Binance said this is a good way to maximize the potential of staking, unlocking liquidity and accumulating rewards.
Liquidity staking tokens represent assets locked in a proof-of-stake blockchain,
and can be traded and accessed on DeFi platforms while the collateral is locked.
Binance has set a "dynamic annualized rate of return" for BNSOL, which will adjust with Solana staking income, and there will be a waiting period for users to redeem.
Binance will officially announce the launch of the protocol later this month.
