Binance To List Binance Staked SOL (BNSOL) with 10% APR

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As an analyst with over a decade of experience in the cryptocurrency market, I find this latest move by Binance to be both intriguing and strategic. The listing of Binance Staked SOL (BNSOL) is a testament to their commitment to providing innovative trading opportunities for their users.

On October 10, 2024, at 08:00 UTC, Binance has confirmed that Binance Staked SOL (BNSOL) will be available for trading.

As stated in the announcement, the new BNSOL/SOL trading pair enables traders to participate in a broader range of active and flexible market transactions.

Users have several options for acquiring BNSOL: They can invest their SOL through the [Earn] feature provided by Binance, they can utilize the Binance Web3 Wallet, or they can simply transfer their already-owned BNSOL tokens into their accounts.

Furthermore, Binance is launching an offer starting on October 16, 2024, lasting approximately 8-10 days. During this period, both new and current BNSOL token owners will benefit from increased returns, potentially reaching a 10% Annual Percentage Rate (APR).

As a researcher, I’ve observed that the rate we’re dealing with here can be subject to change approximately every 2-3 days due to the total value locked at that time. Post the promotion, the Annual Percentage Rate (APR) will revert back to its customary level.

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2024-10-09 22:28