Louisa Crawford
November 28, 2024 13:16
Binance announced the launch of Pyth Network (PYTH) on BNSOL Super Stake, giving users PYTH APR boost airdrop rewards when they stake SOL on BNSOL.
Binance introduced Pyth Network (PYTH) to its BNSOL Super Stake platform, giving users the opportunity to win PYTH APR boost airdrop rewards. As reported by Binance, the plan is scheduled to run from December 2, 2024 to December 16, 2024.
Details of BNSOL Super Stakes
BNSOL Super Stake is a new product launched in collaboration with Pyth Network, an advanced oracle network. Users who hold BNSOL or stake SOL to BNSOL through their Binance account or Web3 Wallet during the specified period will be eligible to receive PYTH APR Boost Airdrop Rewards. These rewards enhance users’ returns by providing additional token airdrops on top of the default Annual Percentage Rate (APR) of Binance SOL Staking.
Get PYTH Rewards
PYTH APR Boost airdrop rewards will be available for daily claims starting at approximately 05:30 (UTC) on December 3, 2024. Eligible users can claim rewards on the SOL Staking page. Otherwise, they will be automatically airdropped to the user’s Spot wallet after the campaign ends on December 17, 2024.
BNSOL Acquisition
Users can earn BNSOL through a variety of methods, including staking SOL through the SOL staking page, using the Binance Web3 wallet, spot market, conversion, auto investing, or purchasing BNSOL on the cryptocurrency purchase page. BNSOL represents staked SOL and accumulated rewards in a tradable form, allowing for transfer and use outside of the Binance platform, providing flexibility compared to traditional staking.
Additional information
Binance emphasizes that users must complete identity verification to participate in the staking program. PYTH APR Boost Airdrop Rewards is supported by the protocol team to activate promotional activities. Daily snapshots of users’ BNSOL positions determine reward calculations based on the previous day’s snapshots.
It is important to remember that the BNSOL:SOL conversion ratio is dynamic and is updated with each Solana network era. Users can redeem BNSOL tokens for SOL based on this conversion rate, with a redemption period of approximately 4 days.
Participation in BNSOL Super Stake is subject to local eligibility and regulatory restrictions. Binance reserves the right to modify or cancel the promotion at any time.
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