Binance: SOL staking product BNSOL will appreciate with staking rewards

Foresight News reports that Binance has announced detailed information about the upcoming $SOL staking product. Binance $SOL staking allows users to stake $SOL tokens on Binance in exchange for BNSOL (a liquidity staking token LST). BNSOL can be used for trading, borrowing, or providing liquidity while still earning staking rewards. With the accumulation of staking rewards, the value of BNSOL will increase relative to SOL.