Users deposit SOL tokens which are staked on the Solana network through Binance's staking pools. In return, users receive BNSOL tokens that represent their staked SOL plus accrued staking rewards.

BNSOL is a liquid staking token that allows users to earn staking rewards while maintaining liquidity of their assets. The token can be traded or used in DeFi applications while the underlying SOL continues generating staking yield.

Binance, one of the world's largest cryptocurrency exchanges, offers Binance Sol (BSOL) as their liquid staking solution for Solana.

Binance Staked SOLBNSOL