Binance has confirmed the listing of Binance Staked SOL (BNSOL) for trading, set to commence on October 10, 2024, at 08:00 UTC. This new trading pair, BNSOL/SOL, will enhance market engagement opportunities for traders.
Users can acquire BNSOL by staking SOL through Binance’s “Earn” feature, utilizing the Binance Web3 Wallet, or by depositing existing BNSOL tokens into their accounts.
Additionally, Binance has unveiled a promotional campaign beginning October 16, 2024, which will last between 8 to 10 days. During this period, both new and existing holders of BNSOL will benefit from increased returns of up to 10% APR.
It’s important to note that this annual percentage rate may vary based on the total value locked within the staking system, recalibrating every 2 to 3 days. Following the promotional period, the APR will revert to its standard rate.
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