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crypto.news 2024-12-27 11:10:37

Binance launches BNSOL Super Staking with MANTRA rewards

Binance’s BNSOL Super Staking program introduces MANTRA, offering enhanced staking returns while maintaining the liquidity of staked Solana tokens. MANTRA ( OM ) is now a part of Binance’s BNSOL Super Staking program, which has formally begun its third phase. Through this effort, users who possess or stake BNSOL can earn higher staking rewards through the OM APR Boost Airdrop. The program, which offers a total prize pool of 191,619.83 OM with daily payouts, will run from Jan. 1 to Feb. 1, 2025. Users can earn staking rewards while keeping liquidity by using BNSOL, a staking token for Solana ( SOL ). You might also like: Binance to launch BNSOL, expand staking opportunities on Solana BNSOL represents staked SOL and its associated rewards. When users stake their SOL tokens on Binance, they receive BNSOL, which is a liquid staking token that provides liquidity, allowing users to trade, borrow, or leverage their staked SOL across Binance products and DeFi platforms. This stands in contrast to traditional SOL staking, which locks assets. As 1 BNSOL represents 1 SOL plus accrued staking rewards, this innovation allows users to maximize their staking rewards without locking their assets. The BNSOL Super Staking program takes full advantage of the Solana blockchain’s high-performance features, including its scalability and fast transaction speeds. The SOL network is ideal for decentralized apps, and by staking SOL through Binance , users can tap into this robust infrastructure while enjoying liquidity. As staking rewards accumulate, the value of BNSOL increases, giving users the chance to earn greater profits. For more information on how to participate and claim your rewards, visit the official Binance page . You might also like: Binance to support Optimism network upgrade and hard fork