Binance Announces Launch of BNSOL Service
2024-09-12 09:11:37
Binance has announced the launch of BNSOL (Binance SOL Staking) service. Users who pledge SOL can receive liquidity staking token BNSOL, which can not only earn staking rewards, but also be used flexibly on Binance products and external DeFi platforms. BNSOL accumulates staking rewards through conversion ratios, and its value will gradually exceed the same amount of SOL over time. Users can redeem BNSOL at any time, supporting standard redemptions and instant transactions in the market. In addition, BNSOL is compatible with Binance Web3 wallet and can be integrated with multiple Solana ecosystem projects such as Kamino, Drift, Orca, etc. It is designed to provide users with more SOL staking options, while increasing the liquidity of the Solana ecosystem.
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