What is Binance Staked SOL?
Binance Staked SOL (BNSOL) represents your staked SOL plus the staking rewards received, in a tradable and transferable form. Ordinary staking would lock up your staked assets, which means you cannot use them for other purposes – it increases a 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 and use it outside the Binance platform whilst still earning rewards. BNSOL accumulates staking rewards through the BNSOL:SOL conversion rate on Binance SOL Staking, even when it is used in other Binance products or external DeFi applications for additional yield opportunities.
Binance Staked SOL goals
Binance Staked SOL aims to provide a flexible alternative to traditional Solana staking, which typically involves locking up assets. Through a daily-updated conversion rate, BNSOL accumulates the value of staking rewards, making 1 BNSOL worth progressively more than 1 SOL as rewards are earned. This structure encourages long-term holding while offering liquidity for diverse use.
Marketcap
$1.685B
Total number of Binance Staked SOL
7736129 BNSOL
Binance Staked SOL technology
Binance Staked SOL is a liquid staking token developed by Binance to represent staked Solana (SOL) along with accrued staking rewards. BNSOL enables holders to maintain liquidity while earning staking rewards, allowing the token to be traded, lent, or used across Binance products and compatible decentralized finance (DeFi) platforms.
Binance Staked SOL price history
Frequently asked questions
Binance Staked SOL (BNSOL) represents your staked SOL plus the staking rewards received, in a tradable and transferable form.
Binance Staked SOL accumulates staking rewards through the BNSOL:SOL conversion rate on Binance SOL Staking, even when it is used in other Binance products or external DeFi applications for additional yield opportunities.
Binance Staked SOL aims to provide a flexible alternative to traditional Solana staking, which typically involves locking up assets.
Yes, you can trade Binance Staked SOL on Binance’s marketplace or other platforms where supported.
Yes, you can transfer Binance Staked SOL to a personal wallet, such as Binance Web3 Wallet, and use it outside the Binance platform whilst still earning rewards.
You can redeem Binance Staked SOL for SOL using two methods: Standard Redemption or Market Redemption.
The BNSOL:SOL conversion ratio is updated daily to reflect the rewards earned from the staked SOL.
Yes, you can use Binance Staked SOL in DeFi applications to potentially compound earnings through yield-generating opportunities.
The Annual Percentage Rate (APR) for BNSOL aligns with on-chain staking rewards from the Solana network, which adjusts at each Solana epoch (approximately every 2-3 days).
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