Binance Staked SOL
BNSOL

155.94
$
1.59 %
Change 24h
Market Cap
$ 88,824,800
Volume 24h
$ 860,497
Circulating Supply
569,657
Total Supply
257,277
BNSOL
$
# Exchange Pair Price Volume 24h

Description

Binance Staked SOL (BNSOL) represents your staked SOL plus the staking rewards received, in a tradable and transferable form. Ordinary staking would lock up your staked assets, which means you cannot use them for other purposes – it increases a user's opportunity cost. In contrast, BNSOL provides flexibility to sell, transfer, or use the staked SOL position. You can even move BNSOL to a personal wallet and use it outside the Binance platform whilst still earning rewards. BNSOL accumulates staking rewards through the BNSOL:SOL conversion rate on Binance SOL Staking, even when it is used in other Binance products or external DeFi applications for additional yield opportunities.
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