Recommended Participation: Binance Wallet and Solayer's SOL Staking Activity!
According to the last Fragmetric's SOL staking activity, an APY of over 50% can last about two days.
Currently, staking SOL to obtain sSOL yields an APY of 89%.
However, this time two incentives have been opened simultaneously, the other one is BNSOL, which currently has an APY of over 100%.
It seems that many friends may not have noticed this and are focusing on the largest advertisement banner, 👀
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Redeeming sSOL may take up to two days, and the sBNSOL obtained from BNSOL staking seems to not have redemption available yet, probably because it just launched and hasn’t had time to implement it?
The redemption fee rate, based on tests, seems to be nonexistent, and I couldn't find any relevant description in the documentation.
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Introduction and derivative gameplay of BNSOL: https://www.binance.com/zh-CN/square/post/24626360873586
Introduction and derivative gameplay of Fragmetric: https://www.binance.com/zh-CN/square/post/25196633053865
Risk Reminder: There are risks associated with any protocol; if you're concerned, don't participate.
DeFi Enthusiasts: BitHappy