This is a general announcement. The products and services mentioned here may not be available in your region.

Caros Binancers,

Due to popular demand from users, Binance has decided to extend the current promotion for Binance Staked SOL (BNSOL) holders. Users can now continue staking SOL for BNSOL and get up to 10%* Boosted APR, starting from 2024-10-25 (UTC).

During the promotion period, all new and existing BNSOL holders will receive up to 10%* in APR.  

Extended Promotion Period: Approximately 6 to 8 days from 10/25/2024 (UTC).

Please note: *APR is likely to be between 7% and 10% during the Promotion Period, with fluctuations depending on the Total Value Locked for 2-3 days (each epoch). After the promotion period, the APR will return to the normal rate. Please note that staking rewards are not distributed directly to users’ Spot Wallets and are accumulated on the value of BNSOL relative to SOL. Users can also view their staking positions and reward history on the Staking History page. For the latest APR and Conversion Rate, please refer to the Binance SOL Staking page.

Stake SOL now

How to get BNSOL:

There are two ways to obtain BNSOL:

  • Go to [Earn] > [SOL Staking] and click on [SOL Staking].

  • Stake SOL to BNSOL on Binance Web3 Wallet.

About BNSOL:

Binance Staked SOL (BNSOL) represents your staked SOL plus the staking rewards you earn, BNSOL is tradable and transferable. Regular staking locks your staked assets, meaning you cannot use them for other purposes – this increases the opportunity cost for the user. On the other hand, BNSOL gives you the flexibility to sell, transfer, or use your staked SOL position. You can also move BNSOL to a personal wallet such as the Binance Web3 Wallet and use it outside of the Binance platform while still earning rewards. BNSOL accumulates staking rewards through the BNSOL:SOL conversion rate, even when used in other Binance products or external DeFi applications for additional yield opportunities.

Notes:

  • Enhanced APR Rewards are contributions made by Binance for the express purpose of facilitating promotional activities.

  • Please review the Binance SOL Staking Terms and Conditions and Risk Warning before using SOL Staking.

  • The BNSOL:SOL conversion rate is dynamic and will be updated per Epoch on the Solana network (approximately every 2-3 days). The promotional/enhanced APR will begin at Epoch 689, approximately 2024-10-25 10:20 (UTC). Users who staked SOL to receive BNSOL during the current Epoch will only start enjoying the promotional APR after the next Epoch update.

  • Each BNSOL token will accrue SOL staking rewards every epoch, according to the updated APR on SOL Staking. Users can redeem their BNSOL tokens for the corresponding on-chain staking rewards in the form of SOL, based on the updated BNSOL:SOL conversion rate.

  • The redemption period for BNSOL is approximately 4 days. Potential processing limitations on the Solana network, such as network outages 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 the Solana network.

  • Binance SOL Staking and BNSOL use the original Staking Pool program maintained by Solana Labs, a framework audited by multiple security firms and validated by multiple Liquid Staking Token (LST) providers to ensure complete security of funds.

  • US persons, companies, and individuals from sanctioned countries will not be able to use SOL Staking on Binance. Additionally, users may face access restrictions on SOL Staking on Binance due to applicable regulatory and/or product limitations. For more information, please refer to the Binance Terms of Use.

  • Binance reserves the right to disqualify any participant who tampers with the Binance program code or interferes with the operation of the 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 the original English content and any translated versions. Please refer to the original English version for the most accurate information should any discrepancies arise.

Thank you for your support!

Binance Team

24/10/2024