Binance Staked SOL
Best for independently tracked protocol
How it rates
- Audit report linked from a public dataset
- TVL of $778m recorded independently
- No accounting methodology published at this check
- Single-chain deployment
Each indicator scores 2, 1 or 0. A pillar is the points earned over the points available; the overall score is the weighted sum. Every source below is public — check any of them yourself.
- MetIndependent audit report linked publicly
Audit report linked from the public protocol dataset.
github.com/solana-labs/security-audits/blob/master/spl/NeodymeStakePoolA - Met
- MetTracked by an independent analytics platform
Listed with published TVL and history.
defillama.com/protocol/binance-staked-sol - Not metAccounting methodology published in the dataset
No methodology published at this check.
defillama.com/protocol/binance-staked-sol - MetApplication reachable at a public address
Reachable without an account at this check.
www.binance.com/en/solana-staking
- MetApplication reachable without an account
Reachable without an account at this check.
www.binance.com/en/solana-staking - MetProtocol economics published independently
TVL and change history published.
defillama.com/protocol/binance-staked-sol - Not metAccounting methodology published
Not published at this check.
defillama.com/protocol/binance-staked-sol - PartialFee or reward model documented publicly
Application reachable for review; specific rates not captured at this check.
www.binance.com/en/solana-staking - MetNo account required to reach the application
Reachable without an account at this check.
www.binance.com/en/solana-staking
- MetTotal value locked published independently
TVL $778m at this check.
defillama.com/protocol/binance-staked-sol - Met
- Not met
- Not met
- MetListed on the dataset for over a year
Listing date recorded in the dataset.
defillama.com/protocol/binance-staked-sol
- MetIndependent analytics page published
Public protocol page with history.
defillama.com/protocol/binance-staked-sol - MetAudit documentation linked
Linked publicly.
github.com/solana-labs/security-audits/blob/master/spl/NeodymeStakePoolA - MetChains and category disclosed
Category Liquid Staking, 1 chain(s).
defillama.com/protocol/binance-staked-sol - Met
- Not met
- Met
- Met
- MetAudit links reachable
Linked publicly.
github.com/solana-labs/security-audits/blob/master/spl/NeodymeStakePoolA - Not met
- Met
An exchange-operated Solana liquid staking product holding $778m, with published audits and exchange custody of the underlying stake.
Our assessment
Binance Staked SOL holds $778m with two audits and reports linked. As with its Ethereum equivalent, the product works well and the risk lives with the exchange rather than in the contracts.
What you are trusting
The exchange holds the SOL, selects and runs the validators, and issues the derivative. If it becomes insolvent, is subject to enforcement action, or suspends withdrawals, the derivative's redeemability is affected regardless of how the underlying validators perform. That is the counterparty question, and it is not one an audit answers.
Validator selection is invisible
With a protocol, the operator set and its performance are on-chain and inspectable. With an exchange product, validator choice is an internal decision. Solana staking returns vary materially by validator performance and commission, so this is a real information gap rather than a formality.
Where it sits in the table
Published audits and substantial size place it mid-table. It scores below the leading protocols because the transparency indicators that matter here — operator disclosure, on-chain verifiability of the backing — are answered by an exchange's word rather than by a contract.
Who it suits
Binance Staked SOL fits users already holding SOL on the exchange who value convenience over verifiability. Non-custodial alternatives with published audits include Jito on the same chain.
How rivals compare
Frequently asked
Does this score mean Binance Staked SOL is safe?
No. It measures what an outsider can verify: linked audits, published methodology and independently recorded market data. Contract risk is not tested by us.
Where do the TVL and audit figures come from?
A public analytics dataset queried at the verification date, plus the audit reports it links. Both are re-runnable by anyone.
Why do some protocols score zero on audits?
Because no audit report is linked in the public record. The indicator records what a user can reach, not a claim that no audit exists.