Announcing the BNB Chain TVL#4 Incentive Program: Explore the Unlimited Potential of BNB

We are excited to announce the launch of the BNB Chain TVL#4 Incentive Program, a comprehensive initiative aimed at accelerating the growth of DeFi ecosystems on BNB Chain.  

With a total prize pool of up to $300,000, this program encourages projects to expand their total value locked (TVL) and participate in staking challenges.

The TVL#4 Incentive Program is divided into two parts:

1. Part A: BNB Staking Challenge ($100,000 Prize Pool)
2. Part B: TVL Challenge ($200,000 Prize Pool, including all assets)

Whether you're a DeFi project specializing in staking BNB or looking to increase your TVL across multiple assets, there are substantial rewards waiting for you!

Registration is open from September 5th until the event ends. 

Note: If you registered during TVL#3, you will automatically be enrolled in TVL#4.

Both challenges offer exciting opportunities for DeFi platforms to grow, innovate, and compete for substantial rewards. Whether your project is staking BNB or increasing its TVL, the BNB Chain TVL#4 Incentive Program is the perfect chance to explore the unlimited potential of BNB and expand your ecosystem.

Program Details 

Part A: BNB Staking Challenge: Compete for Your Share of a $100,000 Prize Pool!

Event Timeline:

• Challenge Period: September 20, 2024, 00:00 UTC - October 19, 2024, 23:59 UTC
• Winner Announcement: October 23, 2024

Eligibility: This challenge is open to all DeFi platforms that support BNB staking. Participants will be ranked by their performance in increasing their locked BNB during the event period.

Weighting:

Baseline: The average BNB  locked for the 7 consecutive days before the event announcement date.

Reward Structure: 

How to Participate:

To be eligible for Part A, projects must complete the registration form during the application period, including:

• Project Name (If multiple protocols exist, list all, but the parent protocol will be shown)
• Chain (opBNB or BSC)
• Defilama link
• All contract addresses for your project

Note: There is no restriction on when your Dapp was deployed, as long as it supports BNB assets.

Part B: TVL Challenge: Compete for a $200,000 Prize Pool, Including All Assets!

Event Timeline:

• Challenge Period: September 12, 2024, 00:00 UTC - October 11, 2024, 23:59 UTC
• Winner Announcement: October 12, 2024

Eligibility: This challenge is open to all DeFi projects deployed on either opBNB or BSC. Projects will compete based on the incremental TVL they generate during the event period.

Additionally, projects need to be:

• deployed to the opBNB mainnet or BSC after January 1, 2023.
• must have undergone at least one security audit.

How It Works:

The prize pool is dynamically unlocked based on the total TVL increment across all participants. The larger the collective TVL growth, the bigger the prize pool—up to a maximum of $200,000.

• Dynamic Prize Pool Formula: Prize Pool = $200K * (Total TVL Increment / $80M)Examples:
  • $200,000 unlocked if TVL increases by $80M or more.
  • $50,000 unlocked if TVL increases by $20M.
• Ranking Criteria:

The Score = (Incremental TVL Ranking × 50%) + (Incremental Stablecoins Ranking × 30%) + (Incremental BNB Locked Ranking × 20%)

Reward Structure:

Note: Projects deployed on both opBNB and BSC will be ranked separately, but a project can only win once. If the same project ranks in the top 5 on both chains, the highest-ranking value will be used for reward calculation.

How to Participate:

To be eligible for Part B, projects must complete the registration form during the application period, including:

• Project Name
• Chain (opBNB or BSC)
• Which part you choose to participate in (Part A, Part B, or both)
• Defilama link
• Contract addresses

Ready to Compete?

Register today and take the next step in driving the growth of DeFi on BNB Chain!

Terms & Conditions

• To participate in the challenge, participants must submit an application through the form.
• Open from September 5th until the end of the event,Projects that have already registered during TVL#3 do not need to register again and will automatically participate in TVL#4.
• Projects can apply for the challenges they want to participate in according to their needs. Projects that meet the competition requirements can also sign up for two challenges at the same time, but can only receive one reward in the end and cannot win the award repeatedly. The highest reward will be issued.
• About Part B：TVL derived from a project’s governance token is excluded. 
• Reward distribution: Rewards will be distributed in 2 batches
  • 50% of the rewards will be distributed within 2 weeks after the end of each epoch to the BEP20 wallet address provided by the participant in the application form.
  • Part A: When the event ends, the winner needs to keep his BNB Locked for one month until November 4 (BNB Locked reduction <15%), and the remaining 50% of the reward will be distributed to the project’s wallet address around November 20th.
  • Part B： When the event ends, the winner needs to keep his TVL for one month until November 4 (TVL reduction <15%), and the remaining 50% of the reward will be distributed to the project’s wallet address around November 20th.
• The BNB Chain core team will distribute rewards according to the real-time BNB token exchange rate on the distribution day.
• We encourage projects to use the rewards received from this program to keep building their TVL on BNB Chain.
• The BNB Chain core team reserves the right to disqualify projects that are deemed to be using illegal bulk wallet addresses, those that are displaying attributes of market manipulation, or other fraudulent activity.
• The BNB Chain core team reserves the right in its sole discretion to amend or cancel this program at any time and for any reason without prior notice.
• Where any discrepancy arises between the translated versions and the original English version, the English version shall prevail.

Disclaimer

Participation in the BNB Chain TVL Incentive Program is voluntary. Eligible applicant projects must agree to additional terms to join the program. We do not control activity or data on the BNB Chain, which is a public, decentralized blockchain. Our involvement in the program does not imply endorsement of third-party projects participating in it.