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Dear Binance Community,

Binance Earn is pleased to launch the ETH Staking incentive program. Stake ETH now to receive many rewards:

  • Get a share of the airdrop reward fund worth 99,120 SEI;

  • Earn dynamic APR rewards* around 3% with ETH Staking.

Note:

  • Flexible APR* is published here and is subject to change from time to time.

Program time: 07:00 June 20, 2024 (Vietnam Time) - 06:59 July 8, 2024 (Vietnam Time)

How to join:

During the promotion period, users who meet all of the following requirements will be eligible to participate:

All qualified users will be ranked according to their total ETH staking amount during the Promotion Period. Top 500 users will be eligible to share the rewards as listed in the table below. 

Reward structure:

Ranked by ETH staking amount during the Promotion Period (in WBETH) 

Rewards for each valid user 

1st-10th place

1200 SE

11th-20th place

920 SE

21st - 30th place

840 SE

31st - 40th place

750 SE

41st - 50th place

502 SEI

51st - 100th place

220 SE

101st - 300th place

140 SE

301st - 500th place

90 SE

Please note: 

  • ETH staking amount (in WBETH) = Total amount of WBETH received from Staking ETH - Total amount of WBETH changed to ETH - Total amount of WBETH sold on the exchange market right 

  • Users who withdraw existing and created WBETH positions prior to the promotion only to recreate the same positions during the Promotion Period will have a zero ETH Staking amount.

  • Case study 1: 

    • User A has an ETH Staking position of 10 ETH, receiving 9,658 WBETH (based on conversion rate) before the program start date. After that, User A decided to exchange 9,658 WBETH to ETH, chose to participate in this program and staked 10 ETH, receiving 9,658 WBETH during the Program Period.

    • User A's ETH Staking amount (in WBETH): 9,658 WBETH - 9,658 WBETH = 0 

  • Case study 2:

    • User B had 10 WBETH before the program start date. User B then chooses to participate in this program and stake an additional 5 ETH, receiving 4.80 WBETH (based on conversion rate) during the Promotion Period .

    • User B's ETH Staking amount (in WBETH): 4.80 WBETH.

  • Case study 3:

    • User C chooses to participate in this program and stake 10 ETH, receiving 9,658 WBETH (based on conversion rate). User C then decided to sell 9,658 WBETH during the promotion period. 

    • User C's ETH Staking amount (in WBETH): 9,658 WBETH - 9,658 WBETH = 0.

  • The ETH Staking amount of each user will be calculated based on the amount of WBETH during the Program Period. 

  • Direct purchases of WBETH from the Spot trading pair WBETH/ETH will not be used to calculate the user's ETH Staking amount during the Promotion Period.  

Join the program now!

Introduction to Staking ETH:

  • Staking ETH allows users to stake their Ethereum (ETH) tokens to support the operation of the Ethereum network. By staking ETH on Binance, users will contribute to ensuring the security and efficiency of the network, while also receiving WBETH tokens (i.e. a tokenized version of the staked ETH and rewards ). 

Terms and condition:

  • Only users who complete identity verification and confirm participation during the Promotion Period may be eligible receive rewards in this Program. 

  • Binance reserves the right to adjust the APR at any time without prior notice. Please refer to Binance ETH Staking Terms and Conditions before using ETH Staking. 

  • Users can also view the Staking ETH FAQ for more information.

  • Each sub-account will not be considered an independent account when participating in this Program. The subscription amount of the sub-account will be added to the standard subscription amount of the main account.

  • SEI token rewards will be airdropped to qualified users at 06:59 on August 11, 2024 (Vietnam Time), unless otherwise notified by Binance. Users can find their rewards in Profile > Assets > Spot Wallet. 

  • Users can view their ETH Staking assets in Wallet > Earn.

  • Staking ETH (WBETH) withdrawal time: Six days.

  • Based on its assessment, Binance reserves the right to disqualify users if they commit fraudulent acts or do not comply with any applicable terms and conditions.

  • Binance reserves the right to cancel or edit the program or program rules.

  • Additional terms and conditions of the offer are available here.

  • The translation of the article and the original English version may have differences. Please refer to the original for the latest or most accurate information if there are any discrepancies.

Thanks for your support!

Binance team

20/06/2024