Binance to List Binance Staked SOL (BNSOL) and Introduce BNSOL Boosted APR Promotion

Fellow Binanceians,

Binance will list BNSOL and open trading for BNSOL/SOL on 2024-10-10 08:00 (UTC) .

How to get BNSOL:

There are 3 ways to get BNSOL:

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

Stake SOL to BNSOL in Binance Web3 Wallet .

Deposit BNSOL into your Binance account.

Promotion: Stake SOL to receive BNSOL and enjoy a boosted APR of up to 10%

During the promotion period, all new and existing BNSOL holders will get up to 10%* in APR.

Promotion Period: Approximately 8-10 days starting from 2024-10-16 (UTC).

*Note: The APR is likely to be between 8-10% during the Promotion Period, with fluctuations depending on the Total Value Locked every 2-3 days (every epoch). After the Promotion Period, the APR will return to the regular rate. For the latest APR, please refer to the Binance SOL staking page.

About BNSOL:

Binance Staked SOL (BNSOL) represents your staked SOL plus the staking rewards received, in a tradable and transferable form. Ordinary staking would lock your staked assets, meaning you cannot use them for other purposes; it increases the user's opportunity cost. In contrast, BNSOL provides flexibility to sell, transfer, or use the staked SOL position. You can even move BNSOL to a personal wallet, such as 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 on other Binance products or external DeFi applications for additional yield opportunities.

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