Binance, the world's largest cryptocurrency exchange, made a mysterious post in late August and wrote only “BNSOL” in its post.
It was speculated that Binance's mysterious “BNSOL” share could be “Binance Staked SOL”.
Binance finally made a post about BNSOL.
The predictions came true and Binance announced that it will be launching the “Binance SOL Staking” token.
“Binance is excited to introduce BNSOL – Binance SOL Staking.
Users can securely stake their SOL tokens and receive BNSOL, a liquid staking token representing their staked assets, in return.
BNSOL allows users to continue earning staking rewards while maintaining the flexibility to trade, lend, or use their assets across various Binance products and external DeFi platforms.
Binance SOL Staking allows users to stake their SOL tokens and receive BNSOL, a liquid staking token. Unlike direct native staking on the Solana network where assets are locked, BNSOL allows users to unlock liquidity, giving them the flexibility to trade, lend, or redeem their staked assets while earning staking rewards.
*This is not investment advice.