$SOL

Just now I saw in the news that Binance has launched a re-staking product #BNSOL , so I went to check it out. It means that you can stake SOL to mine BNSOL, and the annualized rate is only 3%, which is indeed ten times higher than the 0.3% of the original SOL current wealth management in Binance Financial Management. It should be good news for whales holding a large amount of SOL, but it is limited to small retail investors with small positions. I hope the rate of return will get higher and higher. In addition, it should be a good thing for SOL, after all, it empowers SOL.

On September 12, Binance announced that it has launched BNSOL, which allows users to safely stake their SOL tokens and receive BNSOL in return. BNSOL is a liquid staking token that represents their staked assets.

BNSOL allows users to continue to receive staking rewards while maintaining the flexibility to trade, borrow or utilize their assets on various Binance products and external DeFi platforms.