Binance Launches BNSOL Super Stake Program in Partnership with Pyth Network
Binance has unveiled its BNSOL Super Stake program in partnership with Pyth Network, set to launch on November 28. This initiative aims to enhance digital asset management within decentralized finance.
The introduction of Binance Staked SOL (BNSOL) represents a significant advancement, allowing users to earn rewards without locking assets, thus maintaining liquidity.
From December 2nd to December 16, 2024, users holding or staking SOL through BNSOL can access benefits, including exclusive PYTH APR Boost Airdrop Rewards that increase earning potential.
A New Era of Flexible Crypto Staking
The BNSOL Super Stake program offers flexible asset management options. Users can acquire BNSOL via direct staking on the Binance platform, utilizing the Web3 Wallet, or engaging in spot market transactions. This accessibility caters to both experienced investors and newcomers.
A total of 1,428,571.43 PYTH tokens are allocated throughout the campaign, with daily distributions of 95,238.095 PYTH tokens incentivizing user engagement. The reward mechanism features transparency, with daily snapshots of users' BNSOL holdings for accurate reward calculations.
The technical foundation relies on the Stake Pool Program from Solana Labs, audited by multiple security firms, ensuring robust protection for participant assets.
Easy PYTH Rewards with BNSOL Staking
Claiming rewards is streamlined, with users able to access their PYTH APR Boost Airdrop Rewards on the SOL Staking page. Automatic airdrops will be sent to Spot Wallets for any missed manual claims, with initial claims available from December 3rd, 2024, at 05:30 UTC.
Eligibility extends across various account types, including master accounts, sub-accounts, and those with BNSOL in Spot, Funding, Earn, Futures, Margin, and Web3 Wallets. Identity verification and BNSOL holdings during the specified period are required.
The BNSOL/SOL conversion ratio updates approximately every two to three days per Solana network epoch, ensuring current access to staking rewards with a redemption period of around four days.
Binance Ensures Fair and Safe Staking
Binance enforces strict protocols to protect the platform and users, reserving the right to disqualify participants attempting to manipulate the program. This ensures a fair and transparent ecosystem.
Regional restrictions and regulatory factors may affect participation. Users should review Binance's Terms of Use, as access to SOL Staking can vary by location and regulation. The contract address for BNSOL on the Solana Network is BNso1VUJnh4zcfpZa6986Ea66P6TCp59hvtNJ8b1X85 for those seeking technical verification.