BNB Chain has announced the fourth phase of the Total Value Locked (TVL) Incentive Program. The aim of the program is to support the growth of the DeFi ecosystem on the BNB Chain platform.
About the TVL#4 Program
The TVL#4 program is designed to incentivize projects to increase their total value locked (TVL) and participate in staking challenges. The total prize pool is up to $300,000, and the program includes projects deployed on the BNB Smart Chain (BSC) or opBNB.
Program Parts
The program consists of two parts: * **BNB Staking Challenge (Part A):** A $100,000 prize pool for platforms supporting BNB staking. The ranking is determined 80% by the increase in locked BNB and 20% by the increase in liquid staking. * **TVL Challenge (Part B):** A $200,000 prize pool for projects deployed after January 1, 2023, that have undergone at least one security audit. The ranking is determined by three criteria: 50% - increase in TVL, 30% - increase in locked stablecoins, 20% - increase in locked BNB.
Terms and Conditions
Registration for both parts of the program is open from September 5, 2024, until the event ends. The challenges run from September 12, 2024, to October 11, 2024. Winners will be announced on October 11, 2024.
The TVL#4 Incentive Program by BNB Chain continues the tradition of supporting the DeFi ecosystem and offers projects a chance to grow and develop. It is another step towards BNB Chain's goal of becoming the leading platform in the Web3 world.
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