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

Dear Binance community members,

Binance launches Super Staking BNSOL. Users who hold BNSOL in their Binance account and Web3 wallet will periodically receive airdrop rewards with increased APR. These rewards are airdrops of additional tokens provided in addition to the base APR of staking SOL on Binance, providing additional income for users.

For a limited time until the end of 2024, all new and existing BNSOL holders will receive an increased base APR compared to the initial base APR at launch.

Note. Binance will publish separate announcements 1-2 weeks before each Super Staking BNSOL with more detailed information. During the Super Staking BNSOL, rewards will be credited daily. They will be available on the SOL staking page on Binance.

How to Obtain BNSOL

There are three ways to obtain BNSOL:

  1. Go to the 'Earn > Staking SOL' section and click 'Staking SOL'.

  2. Add SOL to staking and receive BNSOL in the Binance Web3 wallet.

  3. Buy BNSOL on the Spot market, Binance Convert, Auto-Invest service, or in the Buy Cryptocurrency section.

Stake SOL

About BNSOL

Binance Staked SOL (BNSOL) represents your staked SOL plus rewards earned from staking in a form that is available for trading and transfer. Usually, staking involves locking up the invested assets, which means they cannot be used for other purposes. This increases the opportunity cost for the user. In contrast, BNSOL provides the ability to sell, transfer, or use staked SOL positions. You can even move BNSOL to a personal wallet, such as the Binance Web3 Wallet, and use it outside of the Binance platform while still earning rewards. Staking rewards are accrued based on the conversion rate BNSOL:SOL — even if BNSOL is used in other Binance products or external DeFi applications for additional profits.

Additional Information

  • Binance Introduces BNSOL

  • Update on the Earn service in the Web3 wallet: 13 new protocols and staking SOL on Binance for new Simple Yield opportunities

  • Frequently Asked Questions about BNSOL

  • What is BNSOL

Notes:

  • Users must complete verification, use SOL for staking, and receive BNSOL. Both main accounts and sub-accounts with BNSOL holdings on Binance will be eligible for airdrop rewards with increased APR.

  • Airdrop rewards with increased APR are funds from the relevant protocol team provided to Binance with the explicit purpose of promoting marketing activities. In most cases, these are also projects listed on Binance.

  • Please review the terms of SOL staking on Binance and the risk warning before using SOL staking.

  • The conversion rate BNSOL:SOL is a dynamic metric and will be updated for each epoch of the Solana network (approximately every 2-3 days). Each BNSOL token will earn SOL staking rewards in each epoch according to the updated APR in the SOL Staking section. Users can exchange their BNSOL tokens for the corresponding on-chain rewards in the form of SOL based on the updated BNSOL:SOL conversion rate.

  • The redemption period for BNSOL is about 4 days. Redemption may be affected by potential processing limitations in the Solana network, such as network failure or congestion. In these unlikely cases, Binance may impose restrictions on redemption.

  • Users can use the following BNSOL contract address on the Solana network:

    • BNso1VUJnh4zcfpZa6986Ea66P6TCp59hvtNJ8b1X85

  • The original staking pool program supported by Solana Labs is used for staking SOL and BNSOL on Binance. Its structure has been verified by several security companies and confirmed by various providers of liquid staking tokens (LST) to ensure the complete safety of funds.

  • Eligibility to participate in Super Staking BNSOL depends on the user's country or region of residence.

  • Individuals and legal entities in the USA, as well as individuals from sanctioned countries, will not be able to use SOL staking on Binance. Additionally, users may face access restrictions to SOL staking on Binance due to prevailing products and/or regulatory restrictions. For more information, please review the Binance Terms of Use.

  • Binance reserves the right to disqualify any participants who interfere with the Binance code or tamper with the Binance code using other software.

  • Binance reserves the right to cancel and modify the promotion and its rules at its discretion.

  • Additional terms of the promotion are available here.

  • There may be discrepancies between the original content in English and any translated versions. Please refer to the original English version for the most accurate information in case of discrepancies.

Thank you for your support!

The Binance Team

11/07/2024

We updated this announcement on 11/12/2024 to indicate that main Binance accounts, as well as sub-accounts with BNSOL balances, will be able to receive airdrop rewards with increased APR.