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We are excited to announce the second phase of the BNB Chain TVL Incentive Program – an opportunity for projects already deployed on BNB Smart Chain (BSC).
Complete this form to apply for the program!
What to expect | When |
---|---|
Appliaction epoch | 2024.03.05 – 2024.03.14 at 23:59 UTC |
Competition epoch | 2024.03.15 at 00:00 – 2024.04.14 at 23:59 UTC |
Reward settlement and issuance | Please note that half of the rewards (50%) will be sent to the participant's BEP20 wallet address within 2 weeks after each epoch concludes. Winners must maintain their Total Value Locked (TVL) until 20 May 2024, seeing reductions of less than 15%. The remaining 50% of the reward will be distributed to the project's wallet address by May 20th. |
The top 5 projects with the highest incremental Total Value Locked (TVL) during each event period will be awarded prizes:Total prize pool: Up to $160K
Formula: $160K * (Total TVL increment / $40M)
For example, if TVL increased by:
$45M that month, the prize pool would amount to $160K worth of BNB.
$40M that month, the prize pool would amount to $160K worth of BNB.
$20M that month, the prize pool would amount to $80K worth of BNB.
*Note: Projects must register during the registration period to participate in this program.
The baseline TVL is calculated based on the average daily TVL for the 30 consecutive days leading up to the event announcement date.
Incremental TVL per project = the project’s average daily TVL for the last 7 consecutive days of the event epoch – baseline TVL
At the end of each epoch, the distribution will be based on TVL increase rankings, with participants receiving a share proportional to their standing in the competition.
The total prize pool for each epoch varies depending on the final amount of the total TVL increase during the epoch:
For example:
If total TVL increase reaches 40M, then total prize pool = $160K for that epoch:
If total TVL increase is 20M, then total prize pool = $80K for that epoch:
Stay informed by following us on X for future updates. Don't miss out on any developments! We're excited to have you join us on this thrilling journey. Keep building!
Participation in the BNB Chain TVL Incentive Program is voluntary. Eligible applicant projects must agree to additional terms to join the program. We do not control activity or data on the BNB Chain, which is a public, decentralized blockchain. Our involvement in the program does not imply endorsement of third-party projects participating in it.
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