BNB Chain, a community-driven blockchain ecosystem, has announced delegation support for its TVL Incentive program aimed at accelerating innovation in decentralized finance.
Delegation Support for DeFi Protocols
The TVL Incentive Program was designed to stimulate growth among liquid (re)staking protocols by providing direct, performance-based incentives. Delegation support is set to be up to 5% of each protocol's incremental staked BNB.
Results and Reward Distribution
KernelDAO secured the top position with an award of 3956 BNB in Delegation Support. Following in second was Astherus with 3512 BNB, YieldNest in third with 97 BNB, Tranchess with 149 BNB, and Lista-DAO with 1704 BNB. Rewards will be distributed within 10 days of this announcement.
Future of the TVL Incentive Program
As BNB Chain continues to strengthen support for the DeFi ecosystem, it plans to optimize the TVL Incentive Program to deliver greater value to participating projects. Delegation support is expected to remain active for one to three months, depending on the overall performance of the protocols.
The TVL Incentive Program by BNB Chain opens new growth avenues in the DeFi ecosystem and encourages innovation, contributing to the expansion of the Web3 community.
