BNB Chain has announced the launch of the TVL#4 Incentive Program, aimed at accelerating the growth of DeFi ecosystems on BNB Chain. With a prize pool of up to $300,000, the program focuses on expanding Total Value Locked (TVL) and staking challenges.
Program Breakdown
The TVL#4 Incentive Program is divided into two parts:
Part A: BNB Staking Challenge – $100,000 prize pool
Part B: TVL Challenge – $200,000 prize pool
Registration Period: September 5, 2024, until the event ends.
Part A: BNB Staking Challenge ($100,000)
Challenge Period: September 12, 2024 – October 11, 2024
Eligibility: Open to DeFi platforms supporting BNB staking.
Ranking Criteria: 80% based on incremental BNB locked and 20% based on liquid staking BNB.
Reward Structure:
Top 1: $50,000
Top 2: $30,000
Top 3: $20,000
Part B: TVL Challenge ($200,000)
Challenge Period: September 12, 2024 – October 11, 2024
Eligibility: Open to all DeFi projects deployed on opBNB or BSC after January 1, 2023, and has undergone at least one security audit.
Dynamic Prize Pool: Based on collective TVL growth, up to $200,000.
Reward Structure:
Top 1: 40% of the dynamic reward pool
Top 2: 30%
Top 3: 20%
How to Participate
Complete the registration form for either Part A, Part B, or both, including project name, chain (opBNB or BSC), and Defilama link.
