BNB Chain Distributes 7488 BNB in TVL Incentive Program

Generated by AI AgentCoin World
Thursday, Apr 17, 2025 8:23 am ET1min read
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BNB Chain, a community-driven blockchain ecosystem, has concluded its fifth iteration of the TVL Incentive Program, which ended on March 21, 2025. This program was initiated to foster innovation in decentralized finance (DeFi) and the broader restaking ecosystem. By allocating up to 5% of each protocol’s incremental staked BNB as Delegation Support, the program aims to drive protocol-level growth and reinforce BNB Chain’s DeFi infrastructure.

The TVL Incentive Program is structured to promote sustainable growth across liquid (re)staking protocols by offering direct, performance-based incentives. This effort is part of BNB Chain’s ongoing commitment to creating a more secure, scalable, and resilient DeFi environment. All qualified participants were assessed using a weighted set of metrics to determine their final rankings, with the top five protocols earning Delegation Support.

KernelDAO secured the top position and was awarded 3956 BNB in Delegation Support. Astherus followed with 3512 BNB, while YieldNest was third and received 97 BNB. Tranchess, which came fourth, was allocated 149 BNB, and Lista-DAO, which came fifth, was awarded 1704 BNB. Each protocol’s reward was calculated based on its respective performance tier, ranging from 1% to 5% of the incremental staked BNB.

The reward assets will be distributed in BNB within 10 days following the announcement. Delegation Support will remain active for a period of one to three months, depending on each protocol’s overall performance and adherence to robust security and risk management practices. In cases where a protocol is assessed to present a high level of risk, such as exposure to security threats or contract vulnerabilities, BNB Chain reserves the right to withdraw Delegation Support in a timely and responsible manner.

As BNB Chain continues to bolster its support for the DeFi ecosystem, efforts are underway to optimize the TVL Incentive Program to deliver greater value to participating projects. BNB Chain welcomes suggestions and feedback from the community to help evolve this initiative further and contribute to its mission of onboarding the next billion Web3 users.

BNB Chain is composed of BNB Smart Chain (BSC), a secure DeFi hub with the lowest gas fees of any EVM-compatible L1, serving as the ecosystem’s governance chain. Additionally, opBNB is a scalability L2 that delivers some of the lowest gas fees of any L2 and rapid processing speeds. BNB Greenfield meets decentralized storage needs for the ecosystem and allows users to establish their own data marketplaces. Setting a high bar for security, the AvengerDAO community protects BNB Chain users while Red Alarm provides a real-time risk-scanner for Dapps. The ecosystem also offers a range of monetary and ecosystem rewards as part of its Builder Support Program.

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