BNB Chain Ends Fifth TVL Plan, Focuses on Restaking

The fifth TVL Incentive Program from BNB Chain has concluded, with a focus on staking activities. The BNB Chain features BNB staking, including liquid staking and restaking, as three essential tools to restructure decentralized finance. Read on to understand this better.

The BNB Chain aims to strengthen the foundation for these systems, and this program represents a significant step in that direction.

Why It Matters

This round of the incentive program awarded rewards and provided opportunities for growth and development. It measured performance and backed it up with real delegation support. The BNB Chain Foundation rewarded protocols with up to 5% of their BNB staking growth, capped at 20,000 BNB each, totaling 50,000 BNB.

The goal was straightforward: to grow BNB Chain, particularly in areas related to liquid staking and restaking. Decentralized AI networks, along with AI bridges and innovations such as DEPIN and DVNs, need these tools for functioning. The foundation put a limit on delegation support at 50,000 BNB and required each protocol to have no more than 20,000 BNB funding.

The ranking measured the total number of new BNBs each project staked, as well as the percentage of growth it achieved. They also had to meet specific benchmarks, such as $10 million in TVL, and complete two security audits.

Who Made the Top 5?

Here’s who impressed the most:

They’ll send rewards in BNB or WBNB within 10 days and keep them active for 1–3 months based on the protocol’s performance. However, it’s not a one-time deal—BNB Chain will thoroughly review protocol security. You can revoke the delegation if you notice any suspicious activity.

Conclusion

The BNB Chain is actively investing in projects that strengthen its restaking and DeFi ecosystem. With $40 million recently committed by KernelDAO and strong community participation, this fifth TVL program marks a big step forward. BNB Chain is betting on the future of restaking.

Disclaimer

The information discussed by Altcoin Buzz is not financial advice. This is for educational, entertainment, and informational purposes only. Any information or strategies are thoughts and opinions relevant to the accepted risk tolerance levels of the writer/reviewers, and their risk tolerance may differ from yours. We are not responsible for any losses you may incur due to any investments directly or indirectly related to the information provided. Bitcoin and other cryptocurrencies are high-risk investments, so please do your due diligence. Copyright Altcoin Buzz Pte Ltd.

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