🚀 Binance Staked SOL (BNSOL) Overview ---
💁 BNSOL is a liquid staking token from Binance that represents your staked Solana (SOL) and the rewards it accrues. Unlike traditional staking, BNSOL allows you to maintain liquidity meaning you can trade, transfer, or use it in DeFi applications while still earning staking rewards.
> The value of BNSOL increases over time as rewards accumulate. Binance updates the conversion rate every 2-3 days based on Solana’s staking epochs. You can redeem BNSOL for SOL anytime, though redemptions typically take around 4 days to process.
> BNSOL can be traded on Binance and used as collateral for loans or margin trading. It’s also integrated into DeFi protocols on the Solana network.
> To start, simply stake your SOL on Binance to receive BNSOL and enjoy both yield and flexibility.
📢 Current Price (April 2025): ~$131.26 (Fluctuating)
Market Cap: ~$1.05B
Top Pairs: BNSOL/SOL on Binance and Solana DEXs.
⚠️ Please always DYOR.
