This is a general announcement and marketing communication. Products and services referred to here may not be available in your region.
Binance Wallet is excited to launch a campaign with Yei Finance and Solv, where eligible users can earn $50,000 $SOLV and $50,000 $SEI rewards.
Promotion Period: 2025-05-15 08:00:00 to 2025-06-13 23:59:59 (UTC)
Promotion: Supply SolvBTC on Simple Yield Yei SolvBTC Pool to share $100,000 rewards !
During the promotion period, all users who supply at least 0.001 SolvBTC in Simple Yield Yei SolvBTC Pool* via Binance Wallet can share a total prize pool of $50,000 in SEI and $50,000 in SOLV. The daily prize pool is $3,333.3 during the Promotion Period.
*Once you've successfully supplied SolvBTC and completed all required steps, you'll receive ayeiSolvBTC in your wallet on Sei EVM.
Notes:
Promotion Boosted Annual Percentage Rate (APR) is calculated based on the Total Value Locked (TVL) and updated hourly. Historical APR does not guarantee future returns and is for reference only.
Individual daily rewards are calculated based on the proportion of their assets relative to the total TVL amount in the Binance wallet. The calculation method can be demonstrated as follows:
For example, if a user supplies 0.01 SolvBTC, and the daily TVL in the promoted pool on Binance Wallet is 1 SolvBTC, the daily prize pool is $3,333.3, the user’s estimated daily reward will be: 0.01 SolvBTC ÷ 1 SolvBTC x $3,333.3 = $33.3
Maximum duration of supply for promotion is 30 days.
How to Participate:
Update your Binance App to the latest version;
Prepare SolvBTC on Sei Network (you can bridge via Interport or Free.tech);
Log in with Binance Wallet - [Earn] - [Simple Yield] - [Protocol] - [Yei] - [SolvBTC] ;
Supply a minimum of 0.001 SolvBTC on Simple Yield Yei SolvBTC Pool.
* Learn How to Supply SolvBTC on Yei SolvBTC Pool via Binance Wallet.
Notes:
Only users who complete the requirements above are eligible to receive rewards.
Only users who participate with a backed-up Binance Multi-Party Computation (MPC) Wallet will be eligible for rewards.
Users are able to redeem on Yei SolvBTC pool via Binance Wallet, or withdraw their SolvBTC on Yei's DApp, the redemptions may require up to 7 days to complete. For other redeem inquiries, please follow Yei Finance Discord.
The estimated reward shown in the Simple Yield Yei SolvBTC pool page is for reference only and may differ from actual rewards. They do not guarantee future returns and are subject to change.
Only following the guide to supply at least 0.001 SolvBTC on Binance Wallet - [Earn] - [Simple Yield] - [Protocol] - [Yei] - [SolvBTC] via Binance Wallet during the campaign period will be considered in the reward calculations.
Binance will use real-time SEI/USD and SOLV/USD exchange rates for reward distribution. SEI rewards will be airdropped on Sei Network and SOLV rewards will be distributed on BNB chain within 6 weeks after the activity ends. You can view your reward history in the Binance Wallet by navigating to Discover > Airdrop Zone > Rewards > Details.
Rewards will not be distributed to users who delete or deactivate their Binance Wallets.
For more information and updates about Binance Wallet Earn campaign, please check Binance Wallet's X or Telegram Group.
The total prize pool includes gas fees that may be incurred during reward distribution.
What is Yei and SolvBTC?
Yei Finance is committed to enhancing transparency and empowering our users by leveraging cutting-edge blockchain technology. This ensures that our financial services are secure, efficient, and widely accessible.
Solv Protocol is a Bitcoin staking platform that enables holders to earn yield through SolvBTC Liquid Staking Tokens (LSTs) without losing liquidity, unlocking opportunities in the DeFi ecosystem. SolvBTC is a Bitcoin-backed token, pegged 1:1 to BTC, offering Bitcoin holders a flexible, DeFi-compatible asset.
Terms & Conditions:
These terms and conditions (“Activity Terms”) govern your participation in this SolvBTC activity (“Activity”). By participating in this Activity, users agree to these Activity Terms, and the following additional terms: (a) Binance Terms and Conditions for Prize Promotions; (b) Binance Terms of Use; and (c) Binance Privacy Policy; all of which are incorporated by reference into these terms and conditions.
In the case of any inconsistency or conflict between these Activity Terms, and any other incorporated terms, the provisions of these Activity Terms shall prevail, followed by the following in this order of precedence, and to the extent of such conflict: (a) Binance Terms and Conditions for Prize Promotions (b) Binance Terms of Use; and (c) Binance Privacy Policy.
Only users from qualified regions who click the [Join Now] button on this page, complete KYC and hold an active Binance Wallet shall be eligible for any rewards.
Rewards will not be distributed to users who delete or deactivate their Binance Wallets. Users are responsible for informing themselves about and observing any restrictions and/or requirements imposed with respect to the access to and use of Binance services in each country from which the services are accessed.
Binance reserves the right to disqualify a user’s reward eligibility if the account is involved in any dishonest or abusive behavior (including but not limited to wash trading, registering from the same IP or device, illegal bulk account registrations/logins, self dealing, market manipulation, or any other activity in connection with unlawful, fraudulent, improper or harmful purposes).
Binance reserves the right at any time in its sole and absolute discretion to determine and/or amend or vary these Activity Terms without prior notice, including but not limited to canceling, extending, terminating or suspending this Activity, its eligibility terms and criteria, the selection and number of winners, and the timing of any act to be done, and all users shall be bound by these amendments.
Binance shall not be liable for any losses or damages users may incur as a result of their participation in the event and/or use of the services.
There may be discrepancies in the translated version of this original article in English. Please reference this original English version for the latest or most accurate information where any discrepancies may arise.
Binance reserves the right in its sole discretion to amend or cancel this announcement at any time and for any reasons without prior notice.
Disclaimer
Digital asset prices are subject to high market risk and price volatility. The value of your investment may go down or up, and you may not get back the amount invested. You are solely responsible for your investment decisions and Binance is not liable for any losses you may incur. Past performance is not a reliable predictor of future performance. You should only invest in products you are familiar with and where you understand the risks. You should carefully consider your investment experience, financial situation, investment objectives and risk tolerance and consult an independent financial adviser prior to making any investment. This material should not be construed as financial advice. For more information, see our Terms of Use and Risk Warning.
Binance Wallet is an optional product. It is your responsibility to determine if this product is suitable for you. Binance is not responsible for your access or use of third-party applications (including functionality embedded within the Binance Wallet) and shall have no liability whatsoever in connection with your use of such third-party applications, including, without limitation, any transactions you dispute. Please carefully review the Binance Wallet Terms of Use and always do your own research.
