- Gas-Free Campaign: Zero Fees for Stablecoin Transfers
- TVL Incentive Program
- DeFi Integration: High APY Opportunities
BNB Chain announces new stablecoin usage initiatives, including TVL incentives and a Gas-Free campaign.
Gas-Free Campaign: Zero Fees for Stablecoin Transfers
As part of the Gasless Carnival Season, BNB Chain removes fees for transferring or withdrawing stablecoins (USDT, FDUSD, USDC) on BNB Smart Chain (BSC) and opBNB. Launched on September 19, 2024, the campaign is available on platforms like Binance, Bitget, Gate.io, MEXC, and wallets like Bitget Wallet and SafePal. It also includes transfers via Celer cBridge, making stablecoin transactions faster and more cost-effective.
TVL Incentive Program
The TVL Incentive Program, offering a total prize pool of up to $300,000, encourages DeFi projects to expand their TVL on BNB Chain by rewarding growth in stablecoin and BNB staking. This program, open to all DeFi projects on opBNB and BSC, 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 further 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 reaffirm 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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