$SOL Binance offers a staking service for Solana (SOL) called Binance SOL Staking, which allows users to stake their SOL tokens and receive BNSOL in return. BNSOL is a liquid staking token that represents staked assets, enabling users to earn staking rewards while maintaining flexibility to trade, lend, or utilize their assets.

*How Binance SOL Staking Works:*

- *Staking*: Users stake their SOL tokens and receive BNSOL, which represents 1 staked SOL plus accumulated staking rewards.

- *Earning Rewards*: BNSOL accumulates staking rewards through a dynamic conversion ratio, updated every 2-3 days based on the Solana network's epoch.

- *Redemption*: BNSOL is redeemable at any time, either through a standard redemption process or instantly by trading BNSOL on the market

*Benefits and Features:*

- *Approximately 6% APR*: Earn staking rewards with BNSOL, with the option to boost APR with BNSOL Super Stake.

- *Flexibility*: BNSOL allows users to unlock liquidity, trade, lend, or utilize their staked assets while earning rewards.

- *Integration with DeFi Platforms*: BNSOL is supported on various Solana protocols, such as Kamino, Solayer, and Raydium, and can be withdrawn to the Binance Web3 Wallet ³ ¹.

*Current Promotions:*

- *SOL Easy Promotion*: Stake SOL to BNSOL, deposit SOL, and withdraw BNSOL to Binance Wallet to share up to $160,000 in SOL and USDC token vouchers and win premium Web3 phones worth $500 in USDC token vouchers