This is a general announcement and marketing communication. Products and services referred to here may not be available in your region.
Note: This announcement was updated on 2024-11-27 to add pools status.
Binance Web3 Wallet is excited to launch a campaign with Morpho, where eligible users will earn a 30% APR boost on Simple Yield Morpho Pools.
Promotion Period: 2024-11-26 00:00:00 to 2024-12-16 23:59:59 (UTC)
Promotion: Supply USDC or USDT and Earn Up to 43% APR*.
*The base APR may change from time to time. Daily Percentage Rate (DPR) is approximately 0.12%.
During the campaign period, all users who opt-in to the campaign and supply at least 100 USDC or USDT to the specified pools can earn a 30% APR boost in addition to Real-Time APR. The 30% boosted APR rewards are distributed in Morpho Token. Total rewards pool is $190,000 in Morpho tokens, available on a first-come, first-serve basis.
*Users who supply assets after the boosted APR allocation for the pools has been filled may not receive any boosted rewards.
Note:
Total Individual rewards in each pool during the promotion period = Qualified Amount of USDC or USDT supplied in each pool × 30% × Duration of supply / 365
If the Boosted APR rewards pool is fully utilized during the campaign, users who supply afterward will receive only the base real-time APR from the Morpho Pool.
How to Participate:
Click [Join Now] on the campaign page to confirm your participation
Login with Binance Web3 Wallet - [Earn] - [Simple Yield] - [Protocols] - [Morpho] - [USDT] or [USDC]
Supply a minimum of 100 USDC or USDT on specified Morpho Pool.
Learn How to supply on Morpho in Binance Web3 Wallet.
Supply Now!
Notes:
Only users who opt-in to the campaign and complete the requirements above are eligible to receive rewards.
Only supplying USDC, USDT in the Binance Web3 Wallet - [Earn] - [Simple yield] - [Morpho] pools during the campaign period will be considered in the reward.
In compliance with MiCA requirements, USDT Pools are subject to certain restrictions for EEA users. Supply to USDT pools will not be included in the rewards calculation for EEA users in this promotion.
The APR Boost Rewards will be distributed in Morpho tokens. Binance will use real-time MORPHO/USD exchange rate for reward distribution. Morpho token rewards will be airdropped all at once on the ETH chain to your Binance Web3 Wallet within 4 weeks after the activity ends. You can view your reward history in the Binance Web3 Wallet by navigating to Discover > Airdrop Zone > Rewards > Details.
ONLY backed-up Binance MPC wallets that opt-in to the campaign are eligible to share the rewards.
Rewards will not be distributed to users who delete or deactivate their Binance Web3 Wallets.
The total prize pool for this activity is inclusive of gas fee that may incur during the distribution of rewards.
What is Morpho?
Morpho is an open, efficient, and resilient platform that allows anyone to earn yield and borrow assets. At the same time, developers or businesses can create markets, curate vaults, and build a range of applications on its flexible, permissionless infrastructure.
[Read More]
Terms & Conditions:
These terms and conditions (“Activity Terms”) govern your participation in this Morpho activity (“Activity”). By participating in this Activity, users agree to these Activity Terms, and the following additional terms: (a) Binance Terms and Conditions for Prize Promotions; (b) Binance Terms of Use; and (c) Binance Privacy Policy; all of which are incorporated by reference into these terms and conditions.
The high APR is not guaranteed to be available for an extended period and is subject to change.
In compliance with MiCA requirements, USDT Pools are subject to certain restrictions for EEA users. Supply to USDT pools will not be included in the rewards calculation for EEA users in this promotion.
In the case of any inconsistency or conflict between these Activity Terms, and any other incorporated terms, the provisions of these Activity Terms shall prevail, followed by the following in this order of precedence, and to the extent of such conflict: (a) Binance Terms and Conditions for Prize Promotions; (b) Binance Terms of Use; and (c) Binance Privacy Policy.
Only users from qualified regions who click the [Join Now] button on this page, complete KYC and hold an active Binance Web3 Wallet shall be eligible for any rewards. Rewards will not be distributed to users who delete or deactivate their Binance Web3 Wallets.
In compliance with MiCA requirements, unauthorized stablecoins are subject to certain restrictions for EEA users. Please disregard this activity if you are a user from the EEA. For more information, please click here.
Binance reserves the right to disqualify a user’s reward eligibility if the account is involved in any dishonest behavior (e.g., wash trading, illegally bulk account registrations, self dealing, or market manipulation).
Binance reserves the right at any time in its sole and absolute discretion to determine and/or amend or vary these Activity Terms without prior notice, including but not limited to canceling, extending, terminating or suspending this Activity, its eligibility terms and criteria, the selection and number of winners, and the timing of any act to be done, and all users shall be bound by these amendments.
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.
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.
USDC is an e-money token issued by Circle Internet Financial Europe SAS (https://www.circle.com/). USDC’s whitepaper is available here. You may contact Circle using the following contact information: +33(1)59000130 and EEA-Customer-Support@circle.com.
Holders of USDC have a legal claim against Circle SAS as the EU issuer of USDC. These holders are entitled to request redemption of their USDC from Circle SAS. Such redemption will be made at any time and at par value.
