This is a general announcement. The products and services mentioned here may not be available in your area.
Dear Binance community members!
Binance is pleased to announce the third BNSOL superstaking project with our partner – MANTRA (OM), a purpose-built Level 1 blockchain for tokenized real assets.
Users who hold BNSOL or stake SOL in BNSOL on their Binance account or Binance Wallet from 01/01/2025, 02:00 (Kyiv time) to 02/01/2025, 01:59 (Kyiv time) will receive increased APR rewards from the OM airdrop, respectively.
These OM airdrop APR rewards are additional token airdrops and are provided on top of the base APR for SOL staking on Binance, increasing users' earning APR.
BNSOL Superstaking Reward Pool:
How to get OM rewards:
Increased APR rewards from the OM airdrop will be available for collection daily at approximately 07:30 (Kyiv time), starting 02.01.2025.
Eligible users can visit the SOL staking page and click [Receive Rewards] to receive their rewards. Otherwise, these increased APR rewards from the OM airdrop will be transferred to users' spot wallets after the campaign ends on 01.02.2025 at 07:30 (Kyiv time).
How to get BNSOL
There are three ways to get BNSOL:
Go to [Earn] > [SOL Staking] and click the [SOL Staking] button.
Stake SOL into BNSOL via Binance Wallet.
Buy BNSOL on the spot market, via conversion, automatic investing or on the cryptocurrency purchase page.
About BNSOL:
Binance Staked SOL (BNSOL) represents your staked SOL plus the staking rewards you have received in a tradable and transferable form. Regular staking locks your staked assets, meaning you cannot use them for other purposes. This increases the opportunity cost of the user. In contrast, BNSOL offers the flexibility to sell, transfer, or use your staked SOL position. You can even transfer BNSOL to a personal wallet (e.g. Binance Wallet) and use it outside of the Binance platform to earn rewards. BNSOL accumulates staking rewards based on the BNSOL:SOL conversion rate even when used in other Binance products or external DeFi applications for additional profit opportunities.
Articles on this topic:
Notes:
Users must pass identity verification and stake SOL on BNSOL. All BNSOL in users’ respective wallets: Spot, Top-up, Earn, Futures, Margin, and Binance Wallet will be eligible for the increased APR rewards from the OM airdrop.
BNSOL holders on Binance, including BNSOL master and sub-accounts, will be able to receive increased APR rewards from the airdrop.
Airdrop APR rewards are contributions made by the respective protocol teams to Binance for the express purpose of promoting promotional activities.
Snapshots of users’ positions in BNSOL will be taken multiple times at any given time to obtain their average daily balances and calculate rewards. Users’ rewards will be calculated based on the previous day’s snapshot and will be updated daily.
The first rewards of the increased APR from the OM airdrop will be available for collection on 01/02/2025 at 07:30 (Kyiv time), and the last rewards will be available on 02/01/2025 at 07:30 (Kyiv time).
Users will be able to accumulate their rewards and receive them directly to their spot wallets at any time.
Currently, BNSOL DeFi assets are only supported via Binance Wallet with MPC. Users must hold supported assets in their Binance Wallet with MPC to be eligible for rewards. Rewards will be available for collection on the SOL staking page and will be transferred to users' spot wallets:
Asset: Binance Staked SOL (BNSOL)
Contract address: https://solscan.io/token/BNso1VUJnh4zcfpZa6986Ea66P6TCp59hvtNJ8b1X85
Please read the Binance SOL Staking Terms and Conditions and Risk Warning before staking SOL.
The BNSOL:SOL conversion rate is dynamic and will be updated every epoch on the Solana network (approximately every 2-3 days). Each BNSOL token will accumulate SOL staking rewards during each epoch according to the updated SOL staking APR. Users can redeem their BNSOL tokens to receive the corresponding on-chain staking rewards in SOL based on the updated BNSOL:SOL conversion rate.
The BNSOL redemption period is approximately four (4) days. Potential processing limitations on the Solana network, such as network outages or congestion, may impact redemptions. In such emergencies, redemptions may be subject to restrictions set by Binance. During this period, users will not be eligible for increased APR rewards from airdrops.
Users can reference this BNSOL contract address on the Solana network.
Staking SOL on Binance and BNSOL uses the original Staking Pool Program, supported by Solana Labs. This is a framework that has been audited by multiple firms and verified by various Liquid Staking Token (LST) providers to ensure complete security of funds.
Participation in BNSON superstaking depends on the user's country or region of residence.
Users may experience restrictions on accessing SOL staking on Binance due to preferred products and/or regulatory restrictions. For more information, please see the Binance Terms of Service.
Binance reserves the right to disqualify participants who tamper with Binance’s code or interfere with the operation of Binance’s code with other software.
Binance reserves the right to cancel or change the promotion or promotion rules at its sole discretion.
There may be discrepancies between this original English content and the translated versions. Please refer to the original English version for the most accurate information in the event of discrepancies.
Thank you for your support!
Team Binance
27.12.2024
