This is a general announcement; the products and services mentioned here may not be applicable to your region.

Dear User:

Based on public demand, Binance will extend the enhanced BNSOL annualized interest rate activity. Users can continue to stake SOL to earn BNSOL, starting from October 26, 2024 (UTC+8), with a maximum annualized interest rate of 10%*.

During the event period, all new and existing BNSOL users can enjoy a maximum annualized interest rate of 10%*.

Extended event period: Starting from October 26, 2024 (UTC+8), approximately 6 to 8 days

*Please note: The annualized interest rate during the event period ranges between 7-10%, fluctuating based on the total locked amount every 2-3 days (every Epoch). After the event ends, the annualized interest rate will revert to the normal annual rate. Staking rewards will not be directly credited to users' spot accounts but will accumulate in BNSOL, gradually increasing the value of each BNSOL. Users can view SOL staking positions and staking reward history on the Financial History page. For the latest annual interest rate, please refer to the Binance SOL Staking page.

立即质押SOL

How to Obtain BNSOL:

There are two ways to obtain BNSOL:

  • Go to the Financial page and select SOL Staking - Click SOL Staking;

  • Stake SOL through the Binance Web3 Wallet to earn BNSOL.

About BNSOL:

Binance SOL staking (BNSOL) represents the SOL staked by users and the staking rewards earned in a tradable and transferable form. Traditional staking locks the staked assets, preventing them from being used for other purposes, increasing users' opportunity costs. In contrast, with BNSOL, users can flexibly sell, transfer, or utilize their staked SOL holdings, and can also transfer BNSOL to personal wallets (e.g., Binance Web3 Wallet) for use on non-Binance platforms while still earning staking rewards. Even when using BNSOL for additional earnings in other Binance products or external DeFi applications, staking rewards can still accumulate through the BNSOL:SOL exchange rate.

Relevant Materials:

Note:

  • The enhanced annualized interest rate activity is provided by Binance;

  • Before staking SOL, please refer to SOL Staking Terms of Use and Risk Warning;

  • BNSOL: SOL uses dynamic exchange rates, and the BNSOL annualized return enhancement activity will start from the 689th Epoch on October 26, 2024, at 02:20 (UTC+8), updated once per Epoch on the Solana network (approximately every 2-3 days). Users staking SOL to earn BNSOL during the current Epoch can only begin enjoying the enhanced annualized return after the next Epoch refresh;

  • Each BNSOL token will accumulate SOL staking rewards based on the updated SOL Staking annualized return rate in each epoch. Users can exchange BNSOL tokens for corresponding on-chain staking rewards (paid in SOL) based on the updated BNSOL: SOL exchange rate;

  • The redemption period for BNSOL is approximately 4 days. Potential processing limitations on the Solana network (such as network failures or congestion) may affect redemptions. In such extreme cases, redemptions may be impacted;

  • Users can refer to the BNSOL contract address on the Solana network, as follows:

  • Binance SOL staking and BNSOL use the original Stake Pool Program maintained by Solana Labs, which has been audited by multiple security companies and verified by several liquid staking token (LST) providers, ensuring the safety of funds;

  • Individuals and businesses in the US and individuals from sanctioned countries or regions will be unable to use Binance SOL staking. Additionally, due to current product and/or regulatory restrictions, users may face access limitations for Binance SOL staking. For details, please refer to Binance Terms of Use;

  • For any participants tampering with Binance program code or using other software to interfere with the operation of Binance program code, Binance reserves the right to revoke their participation eligibility;

  • Binance reserves the right to cancel or modify activities or activity rules at its discretion;

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

Thank you for your support of Binance!

Binance Team

October 24, 2024