{"id":28428,"date":"2024-09-04T14:30:15","date_gmt":"2024-09-04T11:30:15","guid":{"rendered":"https:\/\/coinengineer.net\/blog\/?p=28428"},"modified":"2024-09-04T10:39:56","modified_gmt":"2024-09-04T07:39:56","slug":"binance-to-launch-solana-staking-product-features","status":"publish","type":"post","link":"https:\/\/coinengineer.net\/blog\/binance-to-launch-solana-staking-product-features\/","title":{"rendered":"Binance to Launch Solana Staking Product with Liquidity Features by Month\u2019s End"},"content":{"rendered":"

The largest bitcoin exchange globally, Binance<\/strong>, intends to provide a Solana<\/strong> staking product by the end of September so clients may get staking advantages while maintaining collateral liquidity. Made on Tuesday, the announcement introduces the BNSOL tool, a new product allowing users mint a liquid staking token and stake their SOL tokens, hence enabling continuous engagement in the larger decentralized finance (DeFi) ecosystem.<\/p>\n

The implementation of BNSOL<\/strong> tool is going to bring better solution for the users as compared to native staking, where tokens are locked in for a particular period. Moreover, the platform\u2019s new liquid staking token will surely make Binance users excited as it enables them to obtain SOL staking returns and immediate access to their tokens at the same time. Regarding those points, Vishal Sacheendran, the head of regional markets at Binance, said the following: \u201cBNSOL opens an ability to unlock the liquidity, accumulate rewards non-stop, as well as engage with both the Binance ecosystem and DeFi system.\u201d<\/p>\n

Solana-based Approach DeFi’s success depends on BNSOL<\/strong> used in its design. Liquid staking tokens, which depict assets staked on proof-of-stake blockchains such as Solana or Ethereum\u2014can be sold or accessed DeFi sites while the fundamental assets remain locked.<\/p>\n

The dynamic annual percentage rate (APR) of the BNSOL currency will change with Solana staking level. Binance created this product in accordance with a commission ratio linked with the total benefits and the value of BNSOL with relation to SOL. Users will be allowed to redeem tokens even if a redemption waiting period would be applicable.<\/p>\n

Binance’s BNSOL staking product is ready to provide an innovative alternative for investors looking to maximize the potential of their Solana holdings while maintaining liquidity throughout the DeFi market with the official release slated later this month.<\/p>\n

You can also freely share your thoughts and comments about the topic in the comment section. Additionally, don\u2019t forget to follow us on our <\/span><\/i>Telegram, <\/span><\/i><\/a>YouTube<\/span><\/i><\/a>, and <\/span><\/i>Twitter<\/span><\/i><\/a> channels for the latest <\/span><\/i>news<\/span><\/i><\/a> and updates.<\/span><\/i><\/p>\n","protected":false},"excerpt":{"rendered":"

The largest bitcoin exchange globally, Binance, intends to provide a Solana staking product by the end of September so clients may get staking advantages while maintaining collateral liquidity. Made on Tuesday, the announcement introduces the BNSOL tool, a new product allowing users mint a liquid staking token and stake their SOL tokens, hence enabling continuous<\/p>\n","protected":false},"author":6,"featured_media":28431,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9,657,1],"tags":[22,8415,319,8414],"class_list":["post-28428","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto-news","category-en","category-genel","tag-binance","tag-bnsol","tag-solana","tag-solana-staking"],"yoast_head":"\nBinance to Launch Solana Staking Product with Liquidity Features by Month\u2019s End - Coin Engineer<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/coinengineer.net\/blog\/binance-to-launch-solana-staking-product-features\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Binance to Launch Solana Staking Product with Liquidity Features by Month\u2019s End - Coin Engineer\" \/>\n<meta property=\"og:description\" content=\"The largest bitcoin exchange globally, Binance, intends to provide a Solana staking product by the end of September so clients may get staking advantages while maintaining collateral liquidity. Made on Tuesday, the announcement introduces the BNSOL tool, a new product allowing users mint a liquid staking token and stake their SOL tokens, hence enabling continuous\" \/>\n<meta property=\"og:url\" content=\"https:\/\/coinengineer.net\/blog\/binance-to-launch-solana-staking-product-features\/\" \/>\n<meta property=\"og:site_name\" content=\"Coin Engineer\" \/>\n<meta property=\"article:published_time\" content=\"2024-09-04T11:30:15+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-09-04T07:39:56+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2024\/09\/bnsol.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1024\" \/>\n\t<meta property=\"og:image:height\" content=\"608\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Tanju Akb\u0131y\u0131k\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Tanju Akb\u0131y\u0131k\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/coinengineer.net\/blog\/binance-to-launch-solana-staking-product-features\/\",\"url\":\"https:\/\/coinengineer.net\/blog\/binance-to-launch-solana-staking-product-features\/\",\"name\":\"Binance to Launch Solana Staking Product with Liquidity Features by Month\u2019s End - Coin Engineer\",\"isPartOf\":{\"@id\":\"https:\/\/coinengineer.net\/blog\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/coinengineer.net\/blog\/binance-to-launch-solana-staking-product-features\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/coinengineer.net\/blog\/binance-to-launch-solana-staking-product-features\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2024\/09\/bnsol.jpg\",\"datePublished\":\"2024-09-04T11:30:15+00:00\",\"dateModified\":\"2024-09-04T07:39:56+00:00\",\"author\":{\"@id\":\"https:\/\/coinengineer.net\/blog\/#\/schema\/person\/286f3a00b45c1661961e40ff0a1c7546\"},\"breadcrumb\":{\"@id\":\"https:\/\/coinengineer.net\/blog\/binance-to-launch-solana-staking-product-features\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/coinengineer.net\/blog\/binance-to-launch-solana-staking-product-features\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/coinengineer.net\/blog\/binance-to-launch-solana-staking-product-features\/#primaryimage\",\"url\":\"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2024\/09\/bnsol.jpg\",\"contentUrl\":\"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2024\/09\/bnsol.jpg\",\"width\":1024,\"height\":608,\"caption\":\"bnsol\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/coinengineer.net\/blog\/binance-to-launch-solana-staking-product-features\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/coinengineer.net\/blog\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Binance to Launch Solana Staking Product with Liquidity Features by Month\u2019s End\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/coinengineer.net\/blog\/#website\",\"url\":\"https:\/\/coinengineer.net\/blog\/\",\"name\":\"Coin Engineer\",\"description\":\"Btc, Coins, Pre-Sale, DeFi, NFT\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/coinengineer.net\/blog\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/coinengineer.net\/blog\/#\/schema\/person\/286f3a00b45c1661961e40ff0a1c7546\",\"name\":\"Tanju Akb\u0131y\u0131k\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/coinengineer.net\/blog\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/a027c5acae1ab2c3649244f87d705ac7ee359dd7e3222b84cb1d32ba3a8d2e18?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/a027c5acae1ab2c3649244f87d705ac7ee359dd7e3222b84cb1d32ba3a8d2e18?s=96&d=mm&r=g\",\"caption\":\"Tanju Akb\u0131y\u0131k\"},\"url\":\"https:\/\/coinengineer.net\/blog\/author\/cetanju\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Binance to Launch Solana Staking Product with Liquidity Features by Month\u2019s End - Coin Engineer","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/coinengineer.net\/blog\/binance-to-launch-solana-staking-product-features\/","og_locale":"en_US","og_type":"article","og_title":"Binance to Launch Solana Staking Product with Liquidity Features by Month\u2019s End - Coin Engineer","og_description":"The largest bitcoin exchange globally, Binance, intends to provide a Solana staking product by the end of September so clients may get staking advantages while maintaining collateral liquidity. Made on Tuesday, the announcement introduces the BNSOL tool, a new product allowing users mint a liquid staking token and stake their SOL tokens, hence enabling continuous","og_url":"https:\/\/coinengineer.net\/blog\/binance-to-launch-solana-staking-product-features\/","og_site_name":"Coin Engineer","article_published_time":"2024-09-04T11:30:15+00:00","article_modified_time":"2024-09-04T07:39:56+00:00","og_image":[{"width":1024,"height":608,"url":"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2024\/09\/bnsol.jpg","type":"image\/jpeg"}],"author":"Tanju Akb\u0131y\u0131k","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Tanju Akb\u0131y\u0131k","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/coinengineer.net\/blog\/binance-to-launch-solana-staking-product-features\/","url":"https:\/\/coinengineer.net\/blog\/binance-to-launch-solana-staking-product-features\/","name":"Binance to Launch Solana Staking Product with Liquidity Features by Month\u2019s End - Coin Engineer","isPartOf":{"@id":"https:\/\/coinengineer.net\/blog\/#website"},"primaryImageOfPage":{"@id":"https:\/\/coinengineer.net\/blog\/binance-to-launch-solana-staking-product-features\/#primaryimage"},"image":{"@id":"https:\/\/coinengineer.net\/blog\/binance-to-launch-solana-staking-product-features\/#primaryimage"},"thumbnailUrl":"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2024\/09\/bnsol.jpg","datePublished":"2024-09-04T11:30:15+00:00","dateModified":"2024-09-04T07:39:56+00:00","author":{"@id":"https:\/\/coinengineer.net\/blog\/#\/schema\/person\/286f3a00b45c1661961e40ff0a1c7546"},"breadcrumb":{"@id":"https:\/\/coinengineer.net\/blog\/binance-to-launch-solana-staking-product-features\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/coinengineer.net\/blog\/binance-to-launch-solana-staking-product-features\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/coinengineer.net\/blog\/binance-to-launch-solana-staking-product-features\/#primaryimage","url":"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2024\/09\/bnsol.jpg","contentUrl":"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2024\/09\/bnsol.jpg","width":1024,"height":608,"caption":"bnsol"},{"@type":"BreadcrumbList","@id":"https:\/\/coinengineer.net\/blog\/binance-to-launch-solana-staking-product-features\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/coinengineer.net\/blog\/"},{"@type":"ListItem","position":2,"name":"Binance to Launch Solana Staking Product with Liquidity Features by Month\u2019s End"}]},{"@type":"WebSite","@id":"https:\/\/coinengineer.net\/blog\/#website","url":"https:\/\/coinengineer.net\/blog\/","name":"Coin Engineer","description":"Btc, Coins, Pre-Sale, DeFi, NFT","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/coinengineer.net\/blog\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/coinengineer.net\/blog\/#\/schema\/person\/286f3a00b45c1661961e40ff0a1c7546","name":"Tanju Akb\u0131y\u0131k","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/coinengineer.net\/blog\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/a027c5acae1ab2c3649244f87d705ac7ee359dd7e3222b84cb1d32ba3a8d2e18?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/a027c5acae1ab2c3649244f87d705ac7ee359dd7e3222b84cb1d32ba3a8d2e18?s=96&d=mm&r=g","caption":"Tanju Akb\u0131y\u0131k"},"url":"https:\/\/coinengineer.net\/blog\/author\/cetanju\/"}]}},"_links":{"self":[{"href":"https:\/\/coinengineer.net\/blog\/wp-json\/wp\/v2\/posts\/28428","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinengineer.net\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinengineer.net\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinengineer.net\/blog\/wp-json\/wp\/v2\/users\/6"}],"replies":[{"embeddable":true,"href":"https:\/\/coinengineer.net\/blog\/wp-json\/wp\/v2\/comments?post=28428"}],"version-history":[{"count":2,"href":"https:\/\/coinengineer.net\/blog\/wp-json\/wp\/v2\/posts\/28428\/revisions"}],"predecessor-version":[{"id":28453,"href":"https:\/\/coinengineer.net\/blog\/wp-json\/wp\/v2\/posts\/28428\/revisions\/28453"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinengineer.net\/blog\/wp-json\/wp\/v2\/media\/28431"}],"wp:attachment":[{"href":"https:\/\/coinengineer.net\/blog\/wp-json\/wp\/v2\/media?parent=28428"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinengineer.net\/blog\/wp-json\/wp\/v2\/categories?post=28428"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinengineer.net\/blog\/wp-json\/wp\/v2\/tags?post=28428"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}