This is a general announcement. The products and services mentioned may not be available in your region.

Hello Binancian:

Binance Earn is excited to launch a promotion for ETH staking. Stake ETH now to earn multiple rewards:

  • A share of 99,120 SEI in airdrop rewards

  • Earn approximately 3% in dynamic APR rewards with ETH Staking.

Use:

  • * Dynamic APR is published here and may change from time to time.

Promotion period: from June 20, 2024 at 00:00 (UTC) to July 7, 2024 at 23:59 (UTC)

How to take part:

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

All users who meet the criteria will be ranked based on their total ETH Staking amount during the promotion period. The 500 users with the highest staking amount will qualify to receive a share of the following rewards, as indicated in the table below. 

Reward structure:

Rankings by ETH staking amount during the promotion period (in WBETH) 

Reward per eligible user 

Places 1 to 10

1200 SEI

Seats 11 to 20

920 SEI

Seats 21 to 30

840 SEI

Places 31 to 40

750 SEI

Places 41 to 50

502 SEI

Places 51 to 100

220 SEI

Places 101 to 300

140 SEI

Places 301 to 500

90 SEI

Please note the following: 

  • ETH staking amount (in WBETH) = Total amount of WBETH received from ETH staking - Total amount of WBETH repaid to ETH - Total amount of WBETH sold on the Spot market 

  • Users who redeem existing WBETH positions created before the promotion only to re-create the same positions during the Promotion Period will have zero ETH staking amount.

  • Case study 1: 

    • User A has an ETH staking position of 10 ETH and receives 9,658 WBETH (based on conversion rate) before the promotion start date. User A then decides to redeem 9,658 WBETH for ETH, participate in this promotion, and stake 10 ETH, receiving 9,658 WBETH during the Promotion Period.

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

  • Case study 2:

    • User B has 10 WBETH before the promotion start date. User B then signs up for this promotion and stakes 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 decides to participate in this promotion and stakes 10 ETH, from which he receives 9,658 WBETH (based on conversion rate). You then decide to sell 9,658 WBETH during the promotion period. 

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

  • Each user's ETH Staking amount will be calculated based on the amount of WBETH during the Promotion Period. 

  • Direct purchases of WBETH via the WBETH/ETH pair on the Spot market will not be counted towards the calculation of users' ETH Staking amount during the promotional period.  

Join the promotion now!

About ETH staking:

  • ETH Staking allows users to stake their Ethereum (ETH) tokens to support the operations of the Ethereum network. By staking ETH on Binance, users contribute to the security and efficiency of the network and, in return, receive WBETH tokens (i.e., a tokenized representation of their staked ETH). 

Terms and Conditions:

  • In this promotion, only users who complete identity verification and confirm participation during the promotion period can qualify to receive rewards . 

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

  • Users can also see the ETH staking FAQ for more information.

  • In this promotion, none of the subaccounts will be considered as independent accounts. The subscription amount of the subaccounts will be combined with the standard subscription amount of the main account.

  • Eligible users will receive SEI token rewards via airdrop no later than August 10, 2024 at 23:59 (UTC), unless otherwise indicated by Binance. You will be able to see your rewards from Profile > Assets > Spot Wallet. 

  • Users can view their ETH staking assets by going to Wallet > Earn.

  • Refund period for ETH (WBETH) staking: Six days.

  • Binance reserves the right to disqualify, in its reasonable opinion, any participant who acts fraudulently or fails to comply with the applicable Terms and Conditions.

  • Binance reserves the right to cancel or modify the Promotion or the Promotion Rules at its sole discretion.

  • You can access the additional terms and conditions of the promotion here.

  • There may be discrepancies between the translated version and the original English version. If they exist, consult the original version for the most recent or most accurate information.

Thanks for your support!

The Binance Team

20/6/2024