Dear Binancian,

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

How to get BNSOL?

There are three ways to get BNSOL:

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

  • Stake SOL in exchange for BNSOL on the Binance Web3 Wallet.

  • Deposit BNSOL into your Binance account.

Start trading on Binance Spot now!

Promotion: Stake SOL to receive BNSOL and get an increased APR of up to 10%

During the promotion period, all BNSOL holders regardless of experience will earn an APR of up to 10%*.

Promotion period: approximately 8-10 days from 2024-10-16 (UTC).

*Note: The APR may range from 8% to 10% during the Promotion Period, with fluctuations depending on the total value locked per two to three days (each epoch). Once the Promotion Period ends, the APR will return to the normal 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. Since regular staking locks your staked assets, you cannot use them for other purposes. This increases the user’s opportunity cost. In contrast, BNSOL offers the ability to sell, transfer, or use 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.

Remarks :

  • Users must verify their account to trade this new trading pair.

  • Increased APR rewards are contributions made by Binance for the express purpose of facilitating promotional activities.

  • The BNSOL:SOL conversion rate is dynamic and will be updated every epoch on the Solana network (approximately every 2-3 days). The increased APR will take effect starting at epoch 685, around 2024/10/16 00:40 UTC. Users who stake SOL to receive BNSOL during the current epoch will not start to benefit from the increased APR until the next epoch refreshes.

  • Please review Binance SOL Staking Terms and Conditions and Risk Warning before using SOL staking.

Thank you for your support!

The Binance Team

09/10/2024