Solana staking eyes massive expansion as Binance unveils plan to launch its liquid staking service by late September.
, Binance will allow users to stake their SOL and earn rewards in exchange for its liquid staking token , Binance Staked SOL .
According to Binance’s Vishal Sacheendran, Head of Regional Markets, the staking service will provide a seamless way of earning rewards. ‘As one of the first crypto exchanges to offer SOL liquid staking, Binance is providing a seamless and flexible way to earn rewards while allowing users to maintain full control over their staked assets.”‘Unlike native staking, which locks up assets, BNSOL allows users to unlock liquidity, enjoy continuous reward accumulation, and seamlessly participate in both the Binance platform and the broader DeFi ecosystem.
On the price chart, SOL was barely holding on to the $128 support level after a price rejection at $160. A move towards $110 couldn’t be overruled if sellers breached the support.Benjamin is a Telecommunication Engineering graduate who is passionate about crypto-markets and unraveling market trends. Armed with charts and patterns, he's interested in making the intricate, complex landscape of digital assets more palatable for every user.Subscribe to get it daily in your inbox.
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