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What is BNSOL? Get ready to store SOL on Binance with the new BNSOL token
#BINANCE Exchange has announced the launch of its upcoming Solana staking product, Binance SOL Staking, which will launch later this September.
With Binance Staked SOL (BNSOL), users will be able to securely stake their Solana (SOL) tokens on Binance, while still having full control over their assets.
Users can easily stake their SOL tokens using Binance SOL Staking, and in return they will receive BNSOL, a liquid staking token representing their staked assets. With BNSOL, users can continue to earn staking rewards, and also have the option to sell, lend, or spend their assets on other DeFi platforms and Binance products.
With Binance Staked SOL (BNSOL), users will be able to securely stake their Solana (SOL) tokens on Binance, while still having full control over their assets.
Users can easily stake their SOL tokens using Binance SOL Staking, and in return they will receive BNSOL, a liquid staking token representing their staked assets. With BNSOL, users can continue to earn staking rewards, and also have the option to sell, lend, or spend their assets on other DeFi platforms and Binance products.
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