This is a general announcement. Products and services mentioned may not be available in your region.
Hello Binancian:
To foster a more balanced and thriving BNB ecosystem, we decided to extend the exchange's BNB benefits to the decentralized world with the new BNB DeFi asset option.
Starting with the next Launchpool, BNB DeFi assets will be supported for reward calculation. That is, if you have supported BNB holdings in your Binance MPC Web3 wallet, those assets will count as part of your BNB holdings toward Launchpool rewards.
What tokens do BNB DeFi assets support:
At the moment, BNB DeFi assets support the following liquid staking token:
Roadmap:
In addition to Launchpool, Megadrop and airdrops for HODLers, BNB DeFi assets will soon also be supported.
In the near future, Binance plans to support more decentralized BNB assets, such as other liquid staking BNB tokens, liquidity provider tokens from different DEXs, interest-bearing tokens from lending protocols, and yield tokens from yield trading protocols.
Our doors are open for different projects to join as liquid staking tokens of BNB DeFi assets. For more details, please send an email to info@bnbchain.org or research.bd@binance.com.
Note: The email addresses above only accept requests for BNB DeFi assets; They do not receive proposals to evaluate the suitability of a possible listing on Binance.
Please note the following:
Users are responsible for investigating and observing any restrictions or requirements imposed regarding access and use of BNB DeFi assets and Binance Web3 Wallet in each country from which the services are accessed.
Supported assets may involve risks of loss due to smart contract failures. Binance is not responsible for such risks and possible asset losses.
If supported assets are affected by incidents such as malicious issuance, Binance may exclude certain asset types from the calculation altogether and users may not be able to earn rewards as originally planned.
As the BNB DeFi asset calculation logic can be very complex, Binance reserves the right to make any adjustments and interpretations to the asset calculation process, such as adding or excluding certain types of assets, and modifying the allocation logic. of certain asset types and the amount of BNB recorded in the snapshot at any time. Due to the complexity of decentralized assets, calculation errors are inevitable, therefore the amount of assets in the latest BNB DeFi asset snapshot may be different than what you expected. Binance is not responsible for any loss of rewards.
Rewards will be calculated based on the daily exchange rate of BNB per liquid staking token, which is based on the underlying amount of BNB staked per liquid staking token at the time of calculation.
Participation with BNB DeFi assets is subject to eligibility based on the user's country or region of residence.
As with Launchpool, Megadrop and airdrops for HODLers, snapshots of users' balances will be taken multiple times and at any time during each hour to obtain users' average hourly balances and calculate their rewards.
At the moment, BNB DeFi assets are only supported on Binance's MPC Web3 wallet. Users must hold these assets in their Binance MPC Web3 wallet in order to qualify for any rewards.
At this time, users residing in the following countries or regions will not be able to participate with BNB DeFi assets:
Australia, Brazil, Canada, Cuba, Crimea, Republic of Cyprus, Iran, Japan, New Zealand, Netherlands, North Korea, Russia, Syria, United Kingdom, United States and its territories (American Samoa, Guam, Puerto Rico, Northern Marianas and the United States Virgin Islands), and those areas of Ukraine that are not under government control.
Please note that the list of excluded countries provided is not exhaustive and may be subject to change due to evolving local rules and regulations or other considerations. This list may be updated periodically based on legal, regulatory changes or other factors.
Binance reserves the right to take any action if participants are found to be engaging in misconduct, including but not limited to wash trading, registering multiple accounts, self-dealing, etc.
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
30/7/2024
