Binance: Staking SOL can be exchanged for BNSOL

Odaily News Binance said in a blog post that through Binance SOL staking, users can stake SOL tokens in exchange for BNSOL, a liquid staking token that can be used in various Binance products and external DeFi applications. BNSOL holders can trade, stake, invest, borrow and use their tokens in a variety of ways to unlock the value of their staked SOL while earning staking rewards.