Binance Staked SOL

Binance Staked SOL receives a C+ risk grade (42/100) from Hindenrank, where lower scores indicate lower risk. Moderate risk — a fast-growing Solana liquid staking product from Binance, but centralized control and a recent depeg incident lower confidence in stress resilience. Binance Staked SOL (BNSOL) is a liquid staking token that lets you earn Solana staking rewards (~6-7% APR) while keeping your tokens usable across 20+ DeFi integrations. Launched in September 2024, it has quickly grown to become the second-largest Solana LST. However, it is fully centralized through Binance and experienced a depeg during the October 2025 market crash, highlighting liquidity risks during stress events.

The key risks identified for Binance Staked SOL are: (1) Your SOL is entirely managed by Binance — if they face regulatory action or technical issues, you may not be able to access your funds immediately (2) BNSOL already depegged once during the October 2025 market crash, showing it can lose value relative to SOL during periods of market stress (3) With less than 2 years of history, BNSOL has not been tested through a full market cycle

Binance Staked SOL scores 42/100 across eight risk dimensions: Mechanism Novelty: 0/15, Interaction Severity: 4/20, Oracle Surface: 2/10, Documentation Gaps: 4/10, Track Record: 10/15, Scale Exposure: 7/10, Regulatory Risk: 8/10, Vitality Risk: 7/10. The highest risk area is Regulatory Risk at 8/10.

Among 81 rated Liquid Staking protocols on Hindenrank, Binance Staked SOL ranks #73 by safety (lowest risk score = safest). Its 42/100 risk score and C+ grade place it among the riskier Liquid Staking protocols.

Binance Staked SOL scores 10/15 on the Track Record risk dimension, indicating some history of security incidents or exploits. Higher scores reflect more severe or frequent incidents. Review the full risk report for details.