Binance Staked $SOL ( $BNSOL ) represents your staked SOL plus any staking rewards received, in a tradable and transferable form. Regular staking locks up your #sol , meaning you can’t use it for other purposes. In contrast, #BNSOL provides the flexibility to sell, transfer, or use the staked SOL position. You can even move BNSOL to use it outside of the #Binanace while still earning rewards. BNSOL accumulates staking rewards via the BNSOL to SOL conversion rate, even when used in other Binance products (you can stake bnsol) or external DeFi applications for additional yield. SOL staking APR tracks on-chain staking rewards, which are updated every Solana epoch (roughly every 2-3 days) and fluctuate, due to the performance of validator nodes and the total amount of SOL staked across the network. A 0% commission fee is charged. Rewards are distributed to Binance Solana staking users per epoch (approximately every 3 days).
Additionally, you participate in exclusive airdrops like the one they are currently receiving $PYTH for being part of the BNSOL stake.
Don't believe everything you read, don't follow advice from just anyone, carve your own path by studying and researching.
DYOR
