See More CryptosHome

BNSOL

Binance Staked SOL

Show Trading View Graph

Mentions (24Hr)

0

0.00% Today

Reddit Posts

Mentions

The other day i saw that binance has BNSOL which is like a palceholder for your staked SOL. Didnt participated yet, but seems like you can earn some good% because you get double rewards (1.staked SOL, 2. holding BNSOL which should increase in value against SOL over time). Again i havent looked into it too much.

Mentions:#BNSOL#SOL
r/CryptoCurrencySee Comment

Binance wrapped ETH and SOL are very clever. Instead of staking ETH and SOL, you buy their WBETH and BNSOL instead, which has ETH and SOL as staked collateral, and have staking reward baked into the price. Fo example if ETH is at $3K now, WBETH will be at $3.25K, the difference is the accumulated staking reward since the start of WBETH creation. This way your WBETH or BNSOL appreciate in value from staking but can still trade them, say for quick money or selling the top, without needing to wait for unstaking period. Genius.