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

Hello, Binancian:

Binance launches the BNSOL Superstaking. Users holding BNSOL in their Binance accounts and Web3 wallets will periodically receive improved APR rewards through airdrop. This involves additional token airdrops added to the base APR rate of Binance's SOL Staking, providing an extra boost to user earnings.

Additionally, for a limited time until the end of 2024, all new and existing BNSOL holders will enjoy a higher base APR rate compared to the original base APR rate at the time of launch.

Note: Binance will publish different announcements 1 or 2 weeks prior to each BNSOL Superstaking to provide more details. During the BNSOL Superstaking period, rewards will accumulate daily and can be claimed on the SOL Staking page on Binance.

How to get BNSOL:

There are three ways to obtain BNSOL:

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

  2. Stake SOL for BNSOL in the Binance Web3 Wallet.

  3. Buy BNSOL in the Spot market, Convert, through Auto-Invest or from the Buy Crypto page.

Stake SOL now

About BNSOL:

Binance Staked SOL (BNSOL) represents your staked SOL plus the staking rewards received, in a operable and transferable form. Regular staking would lock your staked assets, meaning you cannot use them for other purposes. This increases the user's opportunity cost. In contrast, BNSOL offers flexibility to sell, transfer, or utilize the staked SOL position. 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. 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:

  • Users must complete identity verification and stake SOL for BNSOL to enjoy improved APR rewards through airdrop.

  • Improved APR rewards through airdrop are contributions that the corresponding protocol team makes to Binance for the express purpose of facilitating promotional activities. In most cases, they are also projects listed on Binance.

  • Check the Terms and Conditions of SOL staking on Binance and the 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 or 3 days). Each BNSOL token will accumulate SOL staking rewards in each epoch, according to the updated APR rate in the SOL Staking. Users can redeem their BNSOL tokens for the corresponding staking rewards on-chain in the form of SOL, based on the updated BNSOL:SOL conversion ratio.

  • The refund period for BNSOL is around four (4) days. Possible processing limitations on the Solana network, such as failures or network congestion, may affect refunds. In these extreme cases, refunds may be subject to limitations set by Binance.

  • Users can check the following BNSOL contract address on the Solana network.

  • The staking of SOL and BNSOL on Binance employs the Original Staking Pool Program supported by Solana Labs, a framework audited by multiple security companies and validated by various liquid staking token (LST) providers to ensure the total security of funds.

  • Participation in the BNSOL Superstaking is subject to eligibility based on the user's country or region of residence.

  • Individuals and entities from the U.S. and sanctioned countries will not be able to use SOL staking on Binance. Additionally, users may face access restrictions due to current regulatory and/or product limitations. For more information, please refer to the Binance Terms of Use.

  • Binance reserves the right to disqualify participants who manipulate the Binance program code or interfere with the operation of the program code with other software.

  • Binance reserves the right to cancel or modify the Promotion or the Promotion Rules at its sole discretion.

  • You can access additional terms and conditions of the promotion here.

  • There may be discrepancies between the translated version and the original English version of this announcement. In case of discrepancies, please refer to the original version for the most accurate information.

Thank you for your support!

The Binance Team

7/11/2024