SOL Staking Archives - Coin Engineer https://coinengineer.net/blog/tag/sol-staking/ Btc, Coins, Pre-Sale, DeFi, NFT Thu, 28 Nov 2024 07:52:33 +0000 en-US hourly 1 https://wordpress.org/?v=6.9.4 https://coinengineer.net/blog/wp-content/uploads/2024/04/cropped-Coin-Engineer-Logo-Favicon-2-32x32.png SOL Staking Archives - Coin Engineer https://coinengineer.net/blog/tag/sol-staking/ 32 32 Binance Announces Two New Campaigns https://coinengineer.net/blog/binance-announces-two-new-campaigns/ https://coinengineer.net/blog/binance-announces-two-new-campaigns/#respond Thu, 28 Nov 2024 07:52:33 +0000 https://coinengineer.net/blog/?p=32961 Binance has launched its BNSOL Super Stake campaign in partnership with Pyth Network (PYTH). Starting from December 2, 2024 (UTC), users who hold BNSOL or stake their SOL into BNSOL will be eligible to receive PYTH APR Boost Airdrop rewards until December 16, 2024. This exclusive campaign provides additional airdrop rewards in PYTH tokens, boosting

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]]> Binance has launched its BNSOL Super Stake campaign in partnership with Pyth Network (PYTH). Starting from December 2, 2024 (UTC), users who hold BNSOL or stake their SOL into BNSOL will be eligible to receive PYTH APR Boost Airdrop rewards until December 16, 2024.

This exclusive campaign provides additional airdrop rewards in PYTH tokens, boosting users’ earnings on top of the base APR from Binance SOL Staking.

PYTH APR Boost Airdrop Details

  • Campaign Period: December 2 – December 16, 2024
  • Total Reward Pool: 1,428,571 PYTH
  • Daily Rewards: 95,238 PYTH

Users can claim their daily PYTH rewards starting at 05:30 (UTC) each day. Any unclaimed rewards will be automatically distributed to users’ Spot Wallets after the campaign ends.

How to Obtain BNSOL

  1. Go to Binance’s [SOL Staking] section and stake SOL.
  2. Convert SOL to BNSOL via the Binance Web3 Wallet.
  3. Purchase BNSOL on the Spot Market or through Binance’s other purchasing tools.

What is BNSOL?

Binance Staked SOL (BNSOL) represents your staked SOL along with the staking rewards, in a tradable and transferable format. Unlike traditional staking, which locks assets, BNSOL provides flexibility, allowing users to sell, transfer, or use their staked SOL for additional opportunities. BNSOL can also be transferred to personal wallets like the Binance Web3 Wallet, offering the flexibility to use it in external DeFi applications while still earning staking rewards.

Eligibility and Additional Information

  • To qualify for PYTH APR Boost rewards, users must complete identity verification and stake SOL into BNSOL.
  • BNSOL uses Solana Labs’ audited Stake Pool Program, ensuring a secure staking experience.
  • The campaign is available only in eligible countries and regions.

Important Notes:

  • The BNSOL:SOL conversion rate updates every epoch (approximately every 2-3 days).
  • The redemption period for BNSOL is approximately four days. Network conditions on Solana, such as congestion, may extend this period.
  • Participation in the campaign is subject to Binance’s rules and local regulations.

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