Started reward program for BUSD stablecoin holders

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The monthly rewards program , which allows holders of BUSD, a stablecoin issued by Binance, to receive rewards just by holding BUSD, will start on October 10th .

Holders holding BUSD on-chain, such as Binance Smart Chain (BSC) or Ethereum, can now receive additional rewards.

The BUSD monthly rewards program is not included if you have it in your Binance wallet, so you need to be aware of this.

#One. BUSD reward program


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The volume calculation based on the BUSD rewards program is based on 30 days. We take a snapshot of the wallet addresses holding BUSD every day for 30 days to calculate the average BUSD holdings for 30 days .

At this time, addresses related to Binance 's wallet are excluded, so BUSD holdings on Binance Exchange are not included.

For example, if a wallet has 90,000 BUSD from the 1st to the 29th, and BUSD is sent to another address on the 30th, the average daily holding is 87,000 BUSD.

  • Calculation method: 90,000 x 29 ÷ 30 = 87,000

In addition, the average daily holdings of the wallet address will be rewarded for the percentage of the BUSD market capitalization.

#2. DeFi with BUSD available


Over the past few months, the BUSD team has partnered with various DeFi platforms and other blockchain solutions to expand the use of BUSD, and you can earn bonus tokens from the reward program while using the following DeFi platforms.

(1) Binance Smart Chain (BSD)

  • DeFi Platform: Cream.Finance, Fortube, YFII, Bounce
  • Yield Farming: BakerySwap, Burger.swap, TunaSwap, PeachSwap, Spartan Protocol, MILK Protocol, Prometeus

(2) Ethereum

  • DeFi trading platform: Uniswap, 1inch, Kyber, Loopring, Tokenlon, Mooniswap, Paraswap, Bepswap
  • Defied Platform: Curve, Yean, Delphi, Fortube
  • Defy Lending Platform: Aave, Cream.Finance

#3. BUSD on Binance Wallet


As explained above, the monthly rewards program for BUSD stablecoin holders excludes Binance wallet holdings .

Although many users still prefer to store coins on exchanges rather than personal wallets, this reward program seems to have applied these criteria because the purpose of this reward program is to increase the share of BUSD among various stablecoins .

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Users holding BUSD on Binance instead of their personal wallets can earn 2-11% of APY on Binance Flexible Savings, plus more rewards through Binance LaunchPool.

source binance.com


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