๐ Storing $SOL on Binance Earn ๐
๐น In the Earn section, you can store Solana (SOL) through a product called BNSOL:
When you stake, your tokens are converted to BNSOL (a token representing SOL + earnings).
The annual reference yield is approximately 5% โ 6% ๐ฐ (Example: 10 SOL gives you approximately 0.55 $SOL in earnings per year).
Binance distributes rewards periodically ๐ .
You can withdraw your tokens at any time, but sometimes there may be a delay of hours or days โณ.
โจ Features:
โ Additional earnings on $SOL
โ Flexibility in withdrawal
โ BNSOL can be used in DeFi projects or trading
โ ๏ธ Notes:
The minimum staking amount is 0.01 SOL
The conversion between SOL and BNSOL is not always 1:1 ๐
There are small fees upon redemption
๐ Summary:
If you believe in Solana and like to hold it for the long term, staking is a relatively safe option that provides additional income ๐
