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).

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.

Related Posts

Hyperliquid fee generation could explode in 2025, expert says

HyperLiquid, the recently launched layer-1 blockchain and decentralized exchange, could outpace rivals in terms of fee generation in the next year, Syncracy Capital co-founder Ryan Watkins says. The DEX platform…

DeFi proponents to fight US IRS tax code

The U.S. Internal Revenue Service said DeFi brokers should comply with long-standing securities rules, disagreeing with industry sentiment arguing for different laws for digital assets. Updated rules from the IRS…

Leave a Reply

Your email address will not be published. Required fields are marked *