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 Lombard, where eligible users can earn $300,000 $LBTC rewards.
Promotion Period: 2025-03-13 04:00:00 to 2025-04-02 23:59:59 (UTC)
Promotion: Stake BTC on Yield+ BTC Lombard strategy and Share $300,000 LBTC rewards for 21 days!
During the promotion period, all users who stake at least 0.01 BTC in Yield+ BTC Lombard strategy* via Binance Wallet can share a total prize pool of $300,000 in $LBTC. The daily prize pool values $14,285.7.
*Once successfully staked, you'll receive LBTCv on the ETH Chain in your wallet.
Notes:
APR is calculated based on the TVL and updated hourly. Historical APR doesn't refer to future returns and is for reference only.
Individual daily rewards are calculated based on the proportion of their assets relative to the total amount in the Binance wallet.
Maximum duration of staking for Promotion is 21 days
For example, if a user stakes 1BTC, and the daily TVL growth in the promoted pool on Binance Wallet is 10BTC, the daily prize pool is $14,285.7, the user’s estimated daily reward will be: 1 ÷ 10 x $14,285.7 = $1,428.57 in $LBTC.
How to Participate:
Update your Binance App to the latest version;
Login with Binance Wallet - [Earn] - [Yield+] - [BTC Lombard] ;
Stake a minimum of 0.01 BTC on Yield+ BTC Lombard strategy.
* Learn How to Stake BTC on Lombard via Binance Wallet.
What is Lombard and LBTC?
Lombard is on a mission to grow the digital economy by connecting Bitcoin to every chain, protocol and yield opportunity with liquid Bitcoin. Since April 2024, Lombard has been building the infrastructure and distribution channels that unlocks Bitcoin’s utility, and transforms the largest decentralized asset from a store of value into a productive financial tool.
This is achievable with a security-first liquid staked Bitcoin, LBTC. LBTC is the leading Bitcoin LST, and it enables bitcoin holders of all sizes to fully participate in DeFi, offering unprecedented access to staking, yield generation, lending, borrowing, and trading. With LBTC, holders earn Babylon's native staking yield while still maintaining token liquidity, which can further operate in DeFi.
Notes:
Only users who complete the requirements above are eligible to receive rewards.
ONLY backed-up Binance MPC wallets that opt-in to the campaign are eligible to share the rewards.
Only staked BTC in the Binance Wallet - [Earn] - [Yield+] [BTC Lombard] during the campaign period will be considered in the reward calculations.
Users are able to redeem their BTC on Lombard’s dApp. Your redemption may take around 12 days to be processed. Please follow Lombard’s official Discord for more information.
The estimated reward calculation starts from the moment the user receives LBTCv. Please do not stake BTC before receiving LBTCv from the last stake; otherwise, users will only receive LBTC on the ETH chain and will not be eligible for the campaign rewards.
Binance will use real-time LBTC/USD exchange rate for reward distribution. All rewards will be distributed on the ETH chain within 4 weeks after the activity ends. You can view your reward history in the Binance Wallet by navigating to Discover > Airdrop Zone > Rewards > Details.
Total BTC staking amount during the promotion period = Total staked amount of BTC - Total redeem amount of BTC - Total withdrawal amount of BTC from Binance Wallet.
Rewards will not be distributed to users who delete or deactivate their Binance Wallets.
The total prize pool for this activity is inclusive of gas fee that may incur during the distribution of rewards.
For more information and updates about Binance Wallet Earn campaign, please check Binance's X or Telegram Group.
The relevant terms and conditions apply. Please ensure you have reviewed and understood the terms and conditions.
Terms & Conditions:
These terms and conditions (“Activity Terms”) govern your participation in this Lombard 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, Binance reserves the right in its sole power and discretion to determine the correct interpretation of any potentially inconsistent or conflicting terms.
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.
Binance reserves the right to disqualify a user’s reward eligibility if the account is involved in any dishonest behavior (e.g., wash trading, illegally bulk account registrations, self dealing, or market manipulation).
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
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.
