This is a general announcement. Products and services referred to here may not be available in your region.
Fellow Binancians,
To build a more healthy and thriving BNB ecosystem, we decided to extend BNB benefits from the Exchange to the decentralized world with the new DeFi BNB Assets feature.
Starting from the next Launchpool, DeFi BNB Assets will be supported in reward calculation. This means if you hold the supported BNB assets in your Binance Web3 MPC Wallet, those assets will be counted towards your Launchpool BNB holdings for rewards.
What Tokens Do DeFi BNB Assets Support:
Currently, DeFi BNB Assets supports the following liquid staking token:
Roadmap:
Besides Launchpool, Megadrop and HODLer Airdrops will also support DeFi BNB Assets soon.
In the near future, Binance will consider expanding support to more decentralized BNB assets, such as other liquid staking BNB tokens, liquidity provider tokens from DEXes, interest bearing tokens from lending protocols, and yield tokens from yield-trading protocols.
We welcome different projects to join as liquid staking tokens on DeFi BNB Assets. For more details, please email info@bnbchain.org or research.bd@binance.com.
Note: The email addresses above only accept applications to DeFi BNB Assets and do not discuss the suitability of listing on Binance.
Please note:
Users are responsible for informing themselves about and observing any restrictions and/or requirements imposed with respect to the access to and use of DeFi BNB Assets and Binance Web3 Wallet in each country from which the services are accessed.
The supported assets may include risks of asset loss due to smart contract vulnerabilities. Binance is not responsible for those risks and potential asset losses.
If the supported assets are affected by incidents, such as malicious issuance, Binance may exclude certain types of assets from the calculation as a whole, users may not be able to obtain rewards as originally planned.
Since the calculation logic of DeFi BNB Assets may be very complex, Binance reserves the right to make any adjustments and interpretations in the asset calculation process, including introducing or excluding certain types of assets at any time, and adjusting the mapping logic of certain types of assets and the amount of BNB in the snapshot at any time. Due to the complexity of decentralized assets, deviations in calculations are inevitable, hence the amount of assets in the final DeFi BNB Assets snapshot may be different from what you expected. Binance is not responsible for those potential rewards losses.
Rewards will be calculated based on the daily exchange rate of BNB to the liquid staking token, which is based on the underlying staked BNB amount per liquid staking token, at the time of calculation.
Participation in DeFi BNB Assets is subject to eligibility based on the user's country or region of residence.
Similar to Launchpool, Megadrop, and HODLer Airdrops, snapshots of user balances will be taken multiple times at any point of time each hour to get users’ hourly average balances and calculate user rewards.
Currently, DeFi BNB Assets only supports Binance Web3 MPC Wallet. Users must hold the supported assets in their Binance Web3 MPC Wallet to be qualified for any rewards.
Currently, users residing in the following countries or regions will not be able to participate in DeFi BNB Assets:
Australia, Brazil, Canada, Cuba, Crimea Region, Cyprus, Iran, Japan, New Zealand, Netherlands, North Korea, Russia, Syria, United Kingdom, United States of America and its territories (American Samoa, Guam, Puerto Rico, the Northern Mariana Islands, the U.S. Virgin Islands), and any non-government controlled areas of Ukraine.
Please note that the list of excluded countries provided here is not exhaustive and may be subject to changes due to evolving local rules, regulations, or other considerations. This list may be updated periodically to accommodate changes in legal, regulatory, or other factors.
Binance reserves the right to take any action if participants are found to commit the below behaviors, including but not limited to, wash trading, bulk account registration, self-dealing, etc.
There may be discrepancies in the translated version of this original article in English. Please reference this original version for the latest or most accurate information where any discrepancies may arise.
Thank you for your support!
Binance Team
2024-07-30
Note: This announcement was updated on 2024-10-08 to state that DeFi BNB Assets now supports Lista collateral BNB (clisBNB).
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Binance reserves the right in its sole discretion to amend or cancel this announcement at any time and for any reasons without prior notice.
Disclaimer: Binance Web3 Wallet is an optional product. It is your responsibility to determine if this product is suitable for you. Binance is not responsible for your access or use of third-party applications (including functionality embedded within the Binance Web3 Wallet) and shall have no liability whatsoever in connection with your use of such third-party applications, including, without limitation, any transactions you dispute. Please carefully review the Binance Web3 Wallet Terms of Use and always do your own research.
