Introducing Pyth Network (PYTH) on BNSOL Super Stake: HODL BNSOL to Get PYTH APR Boost Airdrop Rewards

This is a general announcement. Products and services referred to here may not be available in your region.

Fellow Binancians,

Binance is excited to announce the first launch of BNSOL Super Stake with our Binance Token Partner - Pyth Network (PYTH), an advanced oracle network.

Users who holdBNSOL or stake SOL into BNSOL in their Binance account or Web3 Wallet from 2024-12-02 00:00 (UTC) to 2024-12-16 23:59 (UTC) will receivePYTH APR Boost Airdrop Rewards.

These PYTH APR Boost Airdrop Rewards are additional token airdrops given on top of the base APR from Binance SOL Staking, providing an extra boost of higher APR to users’ earnings.

BNSOL Super Stake Rewards Pool: 

How to Claim PYTH Rewards:

PYTH APR Boost Airdrop Rewards will be available for daily claims at around 05:30 (UTC), from2024-12-03 onwards.

Eligible users can visit the SOL Staking page and click [Claim Rewards] to claim their rewards. Otherwise, these PYTH APR Boost Airdrop Rewards will be airdropped to users’ Spot Wallets after the campaign ends at 2024-12-17 05:30 (UTC).

How to Get BNSOL:

There are three ways to get BNSOL:

1. Navigate to [Earn] > [SOL Staking] and click [Stake SOL]. 

2. Stake SOL to BNSOL on Binance Web3 Wallet.

3. Buy BNSOL on the Spot Market, Convert, Auto-Invest, or the Buy Crypto page.

About BNSOL:

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, such as Binance Web3 Wallet and use it outside the Binance platform whilst still earning rewards. BNSOL accumulates staking rewards through the BNSOL:SOL conversion rate, even when it is used in other Binance products or external DeFi applications for additional yield opportunities.

Related Materials:

• Binance Introduces BNSOL

• Web3 Wallet Earn Update: Enhancing Simple Yield with 13 New Protocols and Binance SOL Staking

• BNSOL Frequently Asked Questions

• What is BNSOL

Notes: 

• Users must complete identity verification and stake SOL to BNSOL. All BNSOL in eligible users’ Spot, Funding, Earn, Futures, Margin, and Web3 Wallets are qualified to enjoy PYTH APR Boost Airdrop Rewards.

• For BNSOL holders on Binance, including master accounts and sub-accounts holding BNSOL, will all be able to enjoy the PYTH APR Boost Airdrop Rewards.

• APR Boost Airdrop Rewards are contributions made by the respective protocol team to Binance with the express purpose of facilitating promotional activities. 

• Snapshots of users’ BNSOL positions will be taken multiple times at any point of time to get their daily average balances and calculate their rewards. Users’ rewards are calculated based on the previous day’s snapshot and will be updated daily. 

• The first PYTH APR Boost Airdrop Rewards will be available for claim at 2024-12-03 05:30 (UTC), with the final rewards available at 2024-12-17 05:30 (UTC). 

• Users will be able to accumulate their rewards and claim these rewards directly to their Spot Wallets at any time.

• Currently, DeFi BNSOL Assets only supports Binance Web3 MPC Wallet. Users must hold the supported assets in their Binance Web3 MPC Wallet to be qualified for any rewards. Rewards will be available for claim on the SOL staking page and will be transferred to the user’s Spot Wallet:

  • Asset: Binance Staked SOL (BNSOL)

  • Contract Address: https://solscan.io/token/BNso1VUJnh4zcfpZa6986Ea66P6TCp59hvtNJ8b1X85

• Please refer to Binance SOL Staking Terms and Conditions and Risk Warning prior to using SOL Staking.

• The BNSOL:SOL conversion ratio is dynamic and will be updated per Epoch on the Solana network (approximately every 2 - 3 days). Each BNSOL token will accrue SOL Staking rewards every epoch, in accordance with the refreshed APR on SOL Staking. Users can redeem their BNSOL tokens for corresponding on-chain staking rewards in the form of SOL, based on the refreshed BNSOL:SOL conversion ratio.

• The redemption period for BNSOL is around four (4) days. Potential processing limitations on the Solana network, such as network failure or congestion, may affect redemptions. In such extreme cases, redemptions may be subject to limitations set by Binance. During this period, users will not be eligible to receive the APR Boost Airdrop Rewards.

• Users can refer to the following contract address for BNSOL on the Solana Network.

  • BNso1VUJnh4zcfpZa6986Ea66P6TCp59hvtNJ8b1X85

• Binance SOL Staking and BNSOL use the original Stake Pool Program maintained by Solana Labs, a framework audited by multiple security firms and validated by various liquid staking token (LST) providers to ensure the total safety of funds.

• Participation in BNSOL Super Stake is subject to eligibility based on the user's country or region of residence. 

• Users may face access restrictions to Binance SOL Staking due to prevailing product and/or regulatory limitations. For more information, please refer to Binance Terms of Use.

• Binance reserves the right to disqualify any participants who tamper with Binance program code, or interfere with the operation of Binance program code with other software.

• Binance reserves the right to cancel or amend the Promotion or Promotion Rules at its sole discretion.

• There may be discrepancies between this original content in English and any translated versions. Please refer to the original English version for the most accurate information, in case any discrepancies arise. 

Thank you for your support!

Binance Team

2024-11-28