BNSOL Binance Staked SOL

Binance Staked SOL (BNSOL) is a liquid staking token issued on the Solana blockchain that represents a user's staked SOL together with the staking rewards earned over time. Traditional staking on Solana requires tokens to be locked, which limits how those assets can be used elsewhere. BNSOL addresses that limitation by providing a tradable, transferable representation of the underlying staked position. The token's value is tied to a BNSOL:SOL conversion rate that increases gradually as staking rewards accumulate, so holders earn staking yield simply by holding the token. BNSOL can be moved to a personal wallet and deployed across external decentralized finance applications, allowing holders to pursue additional yield strategies while continuing to receive the underlying staking rewards through the Binance SOL Staking program. BNSOL sits within the broader categories of liquid staking tokens and Solana-based DeFi, serving users who want exposure to SOL staking yields without giving up the liquidity of their staked assets.