Binance, the world’s leading crypto exchange, announced the launch of the LUMIA stake-to-earn campaign, offering the token holders APR rewards on the exchange. Lumia Chain, a real-world asset (RWA) DeFi platform, becomes the latest project to be added to Binance’s Earn campaign, joining prominent cryptocurrency assets such as Bitcoin, Ethereum, USDT and others. The initiative aims to offer LUMIA holders an opportunity to earn additional rewards through staking on Binance and extend knowledge of Lumia’s features and benefits.
Speaking on the addition of LUMIA to the Binance Earn campaign, Mehmet, a Core Contributor at Lumia stated:
“The Binance Simple Earn program will give existing LUMIA holders an opportunity to earn yield on their assets while incentivizing new users to explore the features and benefits of Lumia’s RWA chain.”
Notwithstanding, Mehmet believes the stake-to-earn program will “raise awareness of the use cases being engineered for Lumia”, as well as deepen the platform’s liquidity. The earning program will also help users understand Lumia’s ability to deliver deep liquidity procured from a range of centralized and decentralized sources, enhancing the overall RWA market in decentralized finance.
Up to 19.9% APR For LUMIA Holders on Binance
The launch of the LUMIA Earn campaign follows the recent official support for the Lumia token swap event (TSE) by Binance. This allowed the Binance community to seamlessly access the new token following the event, making it easier for DeFi and Web3 users to acquire LUMIA and begin exploring the benefits of Lumia’s blockchain for tokenized RWAs.
The Simple Earn campaign for LUMIA holders is expected to go live on October 24 at 9 AM UTC, allowing users to stake any amount of LUMIA up to 25,000 tokens. Holders staking LUMIA on the Binance simple earn program will have the chance to earn up to 19.9% APR in rewards with the campaign running until March 21, 2025.
The rewards will vary according to how long the holders place their stake during the campaign. LUMIA holders who stake their tokens for a minimum of 30 days will earn an APR of 6.9%, those staking for 60 days will be rewarded with a 12.9% APR, while those holding for the full duration of 90 consecutive days will earn a reward of 19.9% – all paid in the native LUMIA token.
Binance Earn is designed to empower crypto users to increase their earnings by participating in staking programs. This allows blockchain communities to hold their favourite assets while earning additional rewards in the form of the same token.
Driving Foward The Future of RWAs in DeFi
The LUMIA token is the key driving force on the Lumia Chain, playing a crucial role in the functionality of the blockchain. Some of the key roles include decentralized governance voting, paying transaction fees and a node reward system.
The LUMIA token provides a foundation for the two main components of its ecosystem – Lumia Chain (as explained above) and Lumia Stream – to enhance real-world asset tokenization. Lumia Chain combines blockchain technology with global compliance tools, advanced account abstraction, and more to form the ultimate platform for institutional and retail tokenization and adoption of RWAs.
On the other hand, Lumia Stream combines the illiquid tokenized RWAs like real estate, commodities, and art with traditional digital assets and injects them into the liquid decentralized finance (DeFi) ecosystem, offering a unique protocol that unlocks new opportunities for investors, institutions, and developers.
Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
