{"id":"binance-staked-sol-bnsol","title":"Binance Staked SOL (BNSOL)","content":"**Binance Staked SOL (BNSOL)** is a [liquid staking](https://iq.wiki/wiki/liquid-staking) token developed by [Binance](https://iq.wiki/wiki/binance) to represent staked [Solana (SOL)](https://iq.wiki/wiki/solana-sol) along with accrued [staking](https://iq.wiki/wiki/staking) rewards. BNSOL enables holders to maintain liquidity while earning [staking](https://iq.wiki/wiki/staking) rewards, allowing the token to be traded, lent, or used across [Binance](https://iq.wiki/wiki/binance) products and compatible [decentralized finance (DeFi)](https://iq.wiki/wiki/defi) platforms. Over time, the value of BNSOL increases through a dynamic conversion rate that reflects ongoing [SOL](https://iq.wiki/wiki/solana-sol) [staking](https://iq.wiki/wiki/staking) rewards. [\\[1\\]](#cite-id-izdkxvhwq6)[\\[3\\]](#cite-id-j2mhn1l1jq)[\\[4\\]](#cite-id-watf5vk3zge)[\\[5\\]](#cite-id-lsmelxm7f)\n\n## Overview\n\nBNSOL provides a flexible alternative to traditional [Solana](https://iq.wiki/wiki/solana) [staking](https://iq.wiki/wiki/staking), which typically involves locking up assets. Through a daily-updated conversion rate, BNSOL accumulates the value of [staking](https://iq.wiki/wiki/staking) rewards, making 1 BNSOL worth progressively more than 1 [SOL](https://iq.wiki/wiki/solana-sol) as rewards are earned. This structure encourages long-term holding while offering liquidity for diverse use.[\\[1\\]](#cite-id-izdkxvhwq6)[\\[2\\]](#cite-id-mjoreya08x)[\\[3\\]](#cite-id-j2mhn1l1jq)[\\[6\\]](#cite-id-p8ofneisgpj)\n\n### Key Features\n\nBNSOL is a [liquid staking](https://iq.wiki/wiki/liquid-staking) solution for [Solana’s](https://iq.wiki/wiki/solana) [SOL](https://iq.wiki/wiki/solana-sol) token, allowing [Binance](https://iq.wiki/wiki/binance) users to stake [SOL](https://iq.wiki/wiki/solana-sol) and receive BNSOL in return. BNSOL represents both the original staked amount and the [staking](https://iq.wiki/wiki/staking) rewards, preserving liquidity and enabling users to engage in [DeFi](https://iq.wiki/wiki/defi) applications, [Binance’s](https://iq.wiki/wiki/binance) products, or external wallets without sacrificing staking rewards.\n\nHolders of BNSOL can:\n\n* Trade BNSOL on [Binance’s](https://iq.wiki/wiki/binance) marketplace or other platforms where supported.- Transfer BNSOL to personal wallets, maintaining [staking](https://iq.wiki/wiki/staking) reward accrual.- Use BNSOL in [DeFi](https://iq.wiki/wiki/defi) platforms to potentially compound earnings through yield-generating opportunities.- Redeem BNSOL for [SOL](https://iq.wiki/wiki/solana-sol) at any time, either through Binance’s standard redemption process with a waiting period or via direct market trades for immediate liquidity. [\\[1\\]](#cite-id-izdkxvhwq6)\n  When users stake [SOL](https://iq.wiki/wiki/solana-sol) in exchange for BNSOL, they receive fewer BNSOL tokens than the amount of SOL initially staked. This adjustment reflects the ongoing value increase from [staking](https://iq.wiki/wiki/staking) rewards, meaning that as rewards accumulate, 1 BNSOL becomes worth more in terms of SOL. Upon redemption, holders receive their original staked amount plus the accrued rewards. [\\[1\\]](#cite-id-izdkxvhwq6)[\\[3\\]](#cite-id-j2mhn1l1jq)[\\[4\\]](#cite-id-watf5vk3zge)[\\[5\\]](#cite-id-lsmelxm7f)\n\n### APR Calculation\n\nThe \\[Annual Percentage Rate ([APR](https://iq.wiki/wiki/annual-percentage-rate-apr))]\\(<https://iq.wiki/wiki/annual-percentage-rate-apr>) for BNSOL aligns with on-chain [staking](https://iq.wiki/wiki/staking) rewards from the [Solana](https://iq.wiki/wiki/solana) network, which adjusts at each [Solana](https://iq.wiki/wiki/solana) epoch (approximately every 2-3 days). This APR depends on factors like validator performance and network participation. [Binance](https://iq.wiki/wiki/binance) charges a 0% commission fee, distributing rewards to BNSOL holders at the end of each epoch. [Staking](https://iq.wiki/wiki/staking) rewards begin after the first [Solana](https://iq.wiki/wiki/solana) epoch post-staking, with the BNSOL conversion rate updating at each new epoch.\n\nBNSOL holders can redeem their tokens for SOL using two methods:\n\n* **Standard Redemption**: Converts BNSOL to [SOL](https://iq.wiki/wiki/solana-sol) with a waiting period.- **Market Redemption**: Allows for immediate conversion by trading BNSOL on the open market. [\\[1\\]](#cite-id-izdkxvhwq6)[\\[2\\]](#cite-id-mjoreya08x)[\\[3\\]](#cite-id-j2mhn1l1jq)[\\[6\\]](#cite-id-p8ofneisgpj)","summary":"Binance Staked SOL (BNSOL) is a liquid staking token representing staked Solana (SOL) with rewards, maintaining liquidity for trading and DeFi use.","images":[{"id":"QmSQZK62vDC9DRCqoA4t9X2wjrP94x6ojcpJ5PjByjMyC4","type":"image/jpeg, image/png"}],"categories":[{"id":"cryptocurrencies","title":"Cryptocurrencies"}],"tags":[{"id":"Solana"}],"media":[],"metadata":[{"id":"references","value":"[{\"id\":\"izdkxvhwq6\",\"url\":\"https://www.binance.com/en/solana-staking\",\"description\":\"Binance SOL Staking\\n\",\"timestamp\":1731564117390},{\"id\":\"mjoreya08x\",\"url\":\"https://www.binance.com/en/support/announcement/binance-will-list-binance-staked-sol-bnsol-and-introduce-bnsol-boosted-apr-promotion-56398cfbd9c4419d9c0b54a0d1da2a7b\",\"description\":\"Binance Will List Binance Staked SOL (BNSOL) and Introduce BNSOL Boosted APR Promotion\\n\",\"timestamp\":1731564254300},{\"id\":\"j2mhn1l1jq\",\"url\":\"https://www.binance.com/en/support/announcement/binance-introduces-bnsol-earn-sol-staking-rewards-and-unlock-liquidity-on-solana-de5969a9c20f42088fcf039101370e15?hl=en\",\"description\":\"Binance Introduces BNSOL: Earn SOL Staking Rewards and Unlock Liquidity on Solana\\n\",\"timestamp\":1731564276966},{\"id\":\"watf5vk3zge\",\"url\":\"https://www.binance.com/en/support/faq/what-is-bnsol-378eabbcb2dd473fa701bbbb808dc1b3\",\"description\":\"What is BNSOL?\\n\",\"timestamp\":1731564327598},{\"id\":\"lsmelxm7f\",\"url\":\"https://www.tradingview.com/news/u_today:d0516aedc094b:0-binance-announces-bnsol-launch-here-s-what-you-need-to-know/\",\"description\":\"Binance Announces BNSOL Launch: Here's What You Need to Know\\n\",\"timestamp\":1731564397767},{\"id\":\"p8ofneisgpj\",\"url\":\"https://www.livebitcoinnews.com/binance-and-solayer-collaborate-to-launch-bnsol-liquid-staking-token/\",\"description\":\"Binance and Solayer Collaborate to Launch BNSOL Liquid Staking Token\\n\",\"timestamp\":1731564478156}]"},{"id":"website","value":"https://www.binance.com/en/solana-staking"},{"id":"contract_url","value":"https://solscan.io/token/BNso1VUJnh4zcfpZa6986Ea66P6TCp59hvtNJ8b1X85"},{"id":"instagram_profile","value":"https://www.instagram.com/binance/"},{"id":"twitter_profile","value":"https://twitter.com/binance"},{"id":"linkedin_profile","value":"https://www.linkedin.com/company/binance"},{"id":"youtube_profile","value":"https://www.youtube.com/binanceyoutube"},{"id":"coinmarketcap_url","value":"https://coinmarketcap.com/currencies/binance-staked-sol/"},{"id":"coingecko_profile","value":"https://www.coingecko.com/en/coins/binance-staked-sol"},{"id":"tiktok_profile","value":"https://www.tiktok.com/@binance"},{"id":"solscan","value":"https://solscan.io/account/bnso1vujnh4zcfpza6986ea66p6tcp59hvtnj8b1x85"},{"id":"previous_cid","value":"\"https://ipfs.everipedia.org/ipfs/QmRZ6ME76jeP4pxTsa4w49wYYndQHor8N8oj45EVdWqTAv\""},{"id":"commit-message","value":"\"Update BNSOL article: Add launch event, blockchain (Solana), and founders (Changpeng Zhao, Yi He).\""},{"id":"previous_cid","value":"QmRZ6ME76jeP4pxTsa4w49wYYndQHor8N8oj45EVdWqTAv"}],"events":[{"id":"2fcecdc7-c313-4c99-91d0-69c80f78bac6","date":"2024-08","title":"Launch Date","type":"CREATED","description":"BNSOL began accruing staking rewards and its dynamic SOL‑to‑BNSOL exchange rate was activated from Solana epoch 661 on this date.","link":"","multiDateStart":null,"multiDateEnd":null}],"user":{"id":"0x8af7a19a26d8fbc48defb35aefb15ec8c407f889"},"author":{"id":"0xd5893989b9952c6568a99F854795AcC5Ae480D56"},"language":"en","version":1,"linkedWikis":{"blockchains":["solana"],"founders":["changpeng-zhao","yi-he"],"speakers":[]}}