This is a general announcement. The products and services mentioned here may not be available in your region.
Dear Binance Community,
Binance is about to launch BNSOL Super Stake. Users holding BNSOL in their Binance accounts and Web3 Wallet will periodically receive increased APR airdrop rewards. These rewards are additional token airdrop events beyond the basic APR from staking SOL on Binance, helping to boost users' earnings.
Additionally, for a limited time until the end of 2024, all new and existing BNSOL holders will enjoy a higher base APR compared to the original base APR at launch.
Note: Binance will post separate announcements 1 to 2 weeks prior to each BNSOL Super Stake to provide further details. During the BNSOL Super Stake event, rewards will accrue daily and users can claim on the SOL Staking page on Binance.
How to receive BNSOL:
There are three ways to receive BNSOL:
Navigate to [Earn] > [Staking SOL] and click on [Stake SOL].
Stake SOL to BNSOL on Binance's Web3 Wallet.
Buy BNSOL on the Spot Market, Convert, Auto Invest, or the Buy Crypto page.
Stake SOL now
Introduction to BNSOL:
Binance Staked SOL (BNSOL) represents SOL that has been staked plus the staking rewards received, in a tradable and transferable form. Regular staking activities will lock the assets you have staked. This means you will not be able to use these assets for other purposes – thus increasing the opportunity cost for users. In contrast, BNSOL allows users the flexibility to sell, transfer, or utilize their staked SOL positions. You can even transfer BNSOL to a personal wallet, such as the Binance Web3 Wallet and use it outside the Binance platform while still earning rewards. BNSOL will accumulate staking rewards at the BNSOL:SOL conversion rate, even if this token is used in other Binance products or external DeFi applications for additional profit opportunities.
Related articles:
Binance introduces BNSOL
Update on Earn for Web3 Wallet: Improved Simple Yield with 13 new protocols and Binance's SOL Staking
Frequently Asked Questions about BNSOL
What is BNSOL
Note:
Users must complete identity verification and stake SOL to BNSOL. For holders of BNSOL on Binance, both main and sub-accounts holding BNSOL can enjoy increased APR airdrop rewards.
Increased APR airdrop rewards are contributions from the respective protocol teams to Binance with the clear aim of facilitating promotional programs. In most cases, these projects are also listed on Binance.
Please refer to the Terms and Conditions of SOL Staking on Binance and Risk Warning before using SOL Staking.
The BNSOL:SOL conversion rate is flexible and will be updated every epoch on the Solana network (approximately every 2-3 days). Each BNSOL token will accumulate SOL Staking rewards per epoch, according to the updated APR on SOL Staking. Users can exchange their BNSOL tokens to receive staking rewards on the corresponding chain in the form of SOL, based on the updated BNSOL:SOL conversion rate.
The exchange time for BNSOL is approximately four (4) days. Potential restrictions on processing on the Solana network such as errors or network congestion may affect the exchange. In extreme cases, asset exchanges may be subject to limits set by Binance.
Users can refer to the following contract address for BNSOL on the Solana network.
BNso1VUJnh4zcfpZa6986Ea66P6TCp59hvtNJ8b1X85
SOL Staking on Binance and BNSOL uses the original Staking Pool Program maintained by Solana Labs, a robust framework that has been vetted by many security companies and verified by several Liquid Staking Token (LST) providers to ensure absolute safety for the funds.
Participation in BNSOL Super Stake is subject to eligibility criteria based on the country or region where the user resides.
Individuals, legal entities, and U.S. citizens from sanctioned countries will not be able to use SOL Staking on Binance. Additionally, users may be restricted from accessing SOL Staking on Binance due to current product and/or regulatory restrictions. For more information, please refer to Binance's Terms of Use.
Binance reserves the right to exclude any participant who interferes with Binance's program code or hinders the operation of Binance's program code with other software.
Binance has the full right to cancel or modify the program or its rules.
Additional terms and conditions of the promotional program can be found here.
There may be differences between the original English version and translations. Please refer to the original English version for the most accurate information in case of any discrepancies.
Thank you for your support!
The Binance Team
11/07/2024
This announcement has been amended on 11/12/2024 to clarify that both main and sub-accounts on Binance holding BNSOL can enjoy increased APR airdrop rewards.
