DO YOU DO LIQUID STAKING OR EARN?

💡 I have 100% of my $SOL in liquid staking ($BNSOL)

I recently discovered that it is possible to stake Solana (SOL) and still maintain liquidity? I only used EARN

🟡 What is BNSOL?

BNSOL is a liquid token issued by Binance when you stake SOL through Binance in a more advanced model (outside of traditional Earn)

When you stake SOL, Binance delegates your tokens to validators on the Solana on-chain network, and in return, you receive BNSOL in your account.

This token represents your share in staking + the accumulated earnings

🟡 Why use BNSOL?

• Liquidity during staking: Unlike locked staking (Earn), you can move your BNSOL while still receiving earnings

• Control and autonomy: You maintain access to your staked balance through the BNSOL token

🟡 Risk and Security Level

• Liquid staking with BNSOL is considered MODERATE RISK:

•Binance acts as a custodial intermediary, which simplifies the process but requires trust in the platform

•The main risk lies in the performance of on-chain validators (in case they suffer penalties) and the management of the BNSOL token

• In terms of security:

•Binance has robust infrastructure, regular audits, and advanced security protocols

•Staking is performed on the official Solana network, not on parallel systems

🟡 How to do liquid staking of Solana (BNSOL) on Binance, WITHOUT USING the Web3 Wallet:

1. Access your account on Binance

2. In the top menu, click on Earn and select Simple Earn

3. In the search bar, type “SOL” and select the SOL Staking option

4. Click on “Stake SOL”

5. Enter the amount of SOL you want to stake

6. Read and accept the terms, then click on “Confirm”

7. After confirmation, you will receive BNSOL in your Spot Wallet

SUMMARY:

• Deposit SOL

• Perform staking

• Receive BNSOL

• Earn yields + liquidity

• At any moment, you can redeem BNSOL and receive SOL back

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