- Gas-Free Campaign for Stablecoin Transfers
- TVL Incentive Program
- DeFi Integration: High APY Opportunities
BNB Chain is launching a series of initiatives aimed at boosting stablecoin retention and expanding their use in the DeFi ecosystem. These include a TVL Incentive Program, stablecoin integration into DeFi platforms, and a Gas-Free Campaign.
Gas-Free Campaign for Stablecoin Transfers
Beginning September 19, 2024, BNB Chain is initiating a Gas-Free Campaign for transferring and withdrawing stablecoins (USDT, FDUSD, USDC) on BNB Smart Chain (BSC) and opBNB. This campaign is available across platforms such as Binance, Bitget, Gate.io, MEXC, and wallets like Bitget Wallet and SafePal. Transfers through Celer cBridge are also included, making stablecoin transactions faster and more cost-effective.
TVL Incentive Program
The TVL Incentive Program, with a total prize pool of up to $300,000, encourages DeFi projects to increase their TVL on BNB Chain by rewarding growth in stablecoin and BNB staking. Open to all DeFi projects on opBNB and BSC, the program features two challenges: the BNB Staking Challenge with a $100,000 prize pool and the TVL Challenge with a $200,000 prize pool. Participants are ranked based on incremental TVL growth, with special weighting for stablecoins (FDUSD, USDT, USDC) and BNB. The program runs from September 12 to October 11, 2024.
DeFi Integration: High APY Opportunities
BNB Chain is enhancing stablecoin utility by integrating them into top DeFi platforms like Venus and PancakeSwap, enabling users to stake and provide liquidity with competitive APYs. This initiative allows stablecoin holders the opportunity to earn returns while contributing to the liquidity and stability of BNB Chain’s DeFi ecosystem.
These initiatives reinforce BNB Chain’s commitment to making cryptocurrency as accessible and practical as traditional money, driving forward the adoption of decentralized finance and stablecoins.
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