Binance Introduces MANTRA to BNSOL Super Staking Program for Enhanced Staking Returns

Binance’s BNSOL Super Staking program has added MANTRA, offering users increased staking returns while maintaining the liquidity of staked Solana tokens. MANTRA now participates in the third phase of the BNSOL Super Staking program, enabling users who possess or stake BNSOL to earn higher staking rewards through the OM APR Boost Airdrop.

With a total prize pool of 191,619.83 OM and daily payouts, the program will run from January 1 to February 1, 2025. Users can earn staking rewards while keeping liquidity by using BNSOL, a staking token for Solana.

Understanding BNSOL and its Benefits

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. This allows users to trade, borrow, or leverage their staked SOL across Binance products and DeFi platforms.

In contrast to traditional SOL staking, which locks assets, BNSOL offers a more flexible solution. As 1 BNSOL represents 1 SOL plus accrued staking rewards, this innovation enables users to maximize their staking rewards without locking their assets.

Key Benefits of BNSOL Super Staking Program

The BNSOL Super Staking program leverages 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.

Some key benefits of the BNSOL Super Staking program include:

  • Increased staking returns through the OM APR Boost Airdrop
  • Maintaining liquidity of staked Solana tokens
  • Flexibility to trade, borrow, or leverage staked SOL across Binance products and DeFi platforms
  • Access to the Solana blockchain’s high-performance features

As staking rewards accumulate, the value of BNSOL increases, giving users the chance to earn greater profits. To learn more about how to participate and claim rewards, visit the official Binance page.

Stay updated with the latest news and developments in the world of cryptocurrencies and web3 on Global Crypto News.

Post Views: 1