For the last several weeks the Solayer team has been working closely with Binance to support the launch of BNSOL, a Solana Liquid Staking Token. With its official launch today, BNSOL is already one of the most important LSTs in the crypto space, offering Binance’s massive global user base unmatched access to rewards and staking opportunities across the Solana ecosystem. By leveraging Solayer’s restaking network, holders can further secure the Solana network while earning additional yield by delegating their tokens to AVSs.

The Premier Restaking Network on Solana

Through our partnership with Binance for BNSOL, Solayer has quickly established itself as the premier restaking network on Solana. The collaboration in particular underscores our shared goal of fostering new and innovative use cases within the growing Solana ecosystem.

As a Binance-supported LST, BNSOL serves as a bridge between centralized and decentralized finance, enabling users to seamlessly earn rewards while actively participating in Solana’s ecosystem through restaking. By staking SOL on Binance, users will receive BNSOL tokens, granting them access to various reward streams, including staking rewards, liquidity incentives, AVS delegation, and Miner Extractable Value (MEV) rewards.

Taking Restaking to the Next Level with BNSOL

Beyond the typical staking benefits, BNSOL holders will have the unique ability to participate in restaking via the Solayer platform. Through this, users can delegate their BNSOL to Solayer’s AVS (Actively Validated Services) partners in the near future, bolstering L1 security and bandwidth for applications on Solana while unlocking additional incentives.

Since going live, the Solayer network has experienced impressive traction, with over 115,000 unique wallets contributing to an ATH TVL of $190MM. A significant portion of these assets has been delegated to our core AVS partners - Bonk, AltLayer, SonicSVM, and Hashkey - who are actively driving security and scalability on the Solana network through the platform.

How to Get Started with BNSOL on Solayer:

1. Stake your SOL into BNSOL on Binance SOL Staking to start earning secured rewards.

2. Find BNSOL under Solayer’s app and restake to earn more Solayer rewards!

Looking Forward

As we continue to expand support for innovative staking products, LSTs, and AVS networks, we are excited to be working alongside leading partners like Binance. With Binance Labs as a key investor in Solayer, this collaboration marks the beginning of even greater developments.

BNSOL is set to become a key player in the future of Solana staking, and Solayer remains committed to pushing the boundaries of infrastructure and innovation within the ecosystem.