We are thrilled to introduce the next evolution of our TVL Incentive Program #5, centered around BNB staking, liquid staking, and restaking on BNB Smart Chain (BSC). This initiative invites related protocols to compete during the campaign period, with the top 5 qualifying projects receiving direct BNB staking support from the BNB Chain Foundation.

This campaign which dedicates up to 5% of incremental staked BNB per protocol as Delegation Support, represents BNB Chain’s commitment to fostering growth in the DeFi and restaking ecosystems and builds on KernelDAO’s recent announcement of a $40M fund allocation dedicated to expanding restaking on BNB Chain. 

Key Dates

• Registration  Period: From January 15 until the end of the competition, submit here.
• Competition Period: 2025. 01. 21. 00:00 UTC - 2025. 02. 21. 23:59 UTC (one month)
• Winner Announcement: Before February 28th, 2025 UTC
• Delegation Support: Before March 7th, 2025 UTC
• Delegation Support Duration: The top 5 protocols will receive staking support with a staking period of 1 to 3 months based on their performance.

Competition Rules & Incentives 

Incentive

Delegation supports increments of up to 5% of the staked BNB, capped at 20,000 BNB per protocol. The total campaign has a hard cap of 50,000 BNB. 

About Delegation Support

BNB Chain will provide BNB delegation support to the Top 5 performing protocols, amounting to up to 5% of the incremental TVL (staked BNB only) achieved during the campaign. This staking support will be up to 20,000 BNB per protocol, and 50,000 BNB in total. In essence, the greater the incremental TVL, the larger the amount of BNB staked by BNB Chain Foundation. Additionally, the higher your project ranks based on the metrics below, the greater share of the staking support you will receive! BNB Chain will encourage protocols to launch rewards and incentive campaigns to offer more benefits for users.

Competition Rules

All qualified participants will be ranked according to these 4 indicators and weights, and the top 5 protocols will receive Delegation support up to 5% of their staked BNB increments.

For example:

• If Project A secures 1st place with an increase of 200,000 BNB in staked BNB, it should qualify to receive 5% of the increase, which is 10,000 BNB as Delegation support. 
• In another example, If Project B achieves 1st place with an increase of 450,000 BNB in staked BNB, it should qualify for 5% of the increase, amounting to 22,500 BNB. However, due to the cap, it will receive a maximum of 20,000 BNB in Delegation support.

*Please note that the final allocation of BNB Delegation support among the Top 5 protocols will be evaluated based on the overall performance and security/risk management measures of each protocol.

Eligibility criteria for participating in the competition

The TVL Incentive Program #5 is open to applications from all protocols related to Staked BNB. Eligible participants include key protocols focused on liquid staking, restaking infrastructure, liquid restaking, and yield optimization protocols.

To qualify for Delegation Support, the top 5 protocols must meet the following benchmarks:

1. Completion of at least 2 security audits by the end of competition period
2. Achieving a minimum of $10 million in Total Value Locked (TVL)
3. Security & risk management review by BNB Chain Foundation

All requirements must be fulfilled by the end of the campaign, ensuring that the aforementioned conditions are satisfied before the winners are announced and before BNB Chain delegates any BNB.

Important notes you need to know

• Definition of relevant indicators:
  • Ranking of Incremental Staked BNB (absolute ∆)： The difference between the staked BNB metric at the start and end of the competition (the latter of which will be measured based on the average of the last 7 days). This metric will be measured for each participating protocol and ranked.
  • Ranking of % Growth Staked BNB (relative ∆)： The relative difference, in percentage growth terms, between the staked BNB metric at the start and end of the competition (the latter of which will be measured based on the average of the last 7 days). This metric will be measured for each participating protocol and ranked.
• Staked BNB or TVL growth is calculated as follows:
  • Average Staked BNB or TVL on the last 7 days of the competition period - Baseline staked BNB or TVL
  • Baseline: Average Staked BNB or TVL on the prior 7 days of the competition period - Baseline staked BNB or TVL
  • Note: BNB Chain will actively monitor the impact of double counts in TVL reward the original source of the user deposit
• The leaderboard will go live on January 24th, with data updates occurring the following day (T+1). The data is sourced from Defillama. We will share the leaderboard link on our official X (Twitter) account, allowing participants to check their current rankings. If you have any questions or feedback, feel free to connect with us on Discord.
• Participation in the BNB Chain TVL Incentive Program is completely optional. Applicant projects that are found eligible are required to agree to additional terms and conditions to benefit from the program. We do not and cannot control activity and data on the BNB Chain or the activities that community participants may develop using BNB Chain, which is a public, decentralized, and permissionless blockchain. Participation in the BNB Chain TVL Incentive Program by any third-party project should not be perceived as a recommendation, vetting, or endorsement of such third-party projects by BNB Chain, or any other affiliated entity.
• The BNB Chain core team reserves the right to disqualify projects that are deemed to be using illegal bulk wallet addresses, those that display 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.

As we kick off this exciting new chapter of the TVL Incentive Program, we invite protocols to rise to the challenge and showcase their innovation in BNB staking, liquid staking, and restaking. This initiative not only strengthens the DeFi and restaking ecosystems on the BNB Chain but also reinforces our commitment to empowering projects that drive meaningful growth and adoption.

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