Binance Web3 Wallet announced a new rewards campaign in collaboration with Morpho, offering eligible users a chance to earn up to 43% APR on USDC and USDT through Simple Yield Morpho Pools. This limited-time promotion runs from November 26, 2024, to December 16, 2024 (UTC).

Campaign Highlights

  • Duration: November 26, 2024, 00:00 UTC - December 16, 2024, 23:59 UTC

  • APR Offer: Up to 43% (includes 30% APR boost in Morpho tokens)

  • Eligible Tokens: USDC and USDT

  • Minimum Supply: 100 USDC or USDT

  • Rewards Pool: $190,000 in Morpho tokens distributed on a first-come, first-serve basis.

How It Works

Eligible users can participate by subscribing to Simple Yield Morpho Pools through the Binance Web3 Wallet. Users supplying at least 100 USDC or USDT will earn 30% boosted APR rewards in addition to the real-time APR during the promotion period.

Individual Pool Details:

Pool

Rewards

Quota

APR

Morpho USDC Pool

$100,000 in Morpho tokens

5,000,000 USDC

Real-Time APR + 30%

Morpho USDT Pool

$90,000 in Morpho tokens

5,000,000 USDT

Real-Time APR + 30%

How to Participate

  1. Opt-in to the Campaign: Click [Join Now] on the campaign page.

  2. Login via Binance Web3 Wallet:

    • Navigate to Earn > Simple Yield > Protocols > Morpho.

    • Select USDC or USDT.

  3. Supply a Minimum of 100 USDC or USDT to the specified pools during the campaign.

Rewards will be calculated based on historical snapshots of balances during the campaign and distributed as Morpho tokens within four weeks after the campaign ends.

Important Notes

  • APR Boost Rewards will be distributed in Morpho tokens using real-time MORPHO/USD rates.

  • Eligibility: Users must complete KYC and hold an active, backed-up Binance Web3 Wallet.

  • MiCA Compliance: Restrictions apply to EEA users regarding USDT pools.

  • Reward Distribution: Rewards will not be distributed to users who deactivate their Binance Web3 Wallets.

About Morpho

Morpho is an innovative DeFi platform enabling users to earn yield, borrow assets, and build decentralized applications. It provides a flexible and permissionless infrastructure to create efficient markets and vaults.

For more information on Morpho, visit the official campaign page.

Terms & Conditions: This campaign is subject to Binance’s Terms of Use, Privacy Policy, and Prize Promotion Terms. Binance reserves the right to amend or terminate this campaign at its sole discretion.

Disclaimer: The APR is subject to change. This campaign may not be available in all regions.

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