This is a general announcement and marketing communication. Products and services referred to here may not be available in your region.
*Note: This announcement was updated on 2024-12-20 (UTC) to add pool status.
Binance Wallet is excited to launch a campaign with Solv Protocol, where eligible users will earn a 22% boosted APR on Yield+ BTCB Solv Strategy.
Promotion Period: 2024-12-19 00:00:00 to 2025-01-08 23:59:59 (UTC)
Promotion: Stake a minimum of 0.0002 BTCB on Yield+ BTCB Solv Strategy to Earn Up to 30% APR*.
*The base APR may change from time to time. Daily Percentage Rate (DPR) is approximately 0.08%.
During the campaign period, all users who opt-in to the campaign and stake at least 0.0002 BTCB to the Yield+ BTCB Solv strategy on Binance Wallet can earn 22% Boosted APR in addition to Real-Time APR.The 22% boosted APR rewards are distributed in Solv Tokens. Total rewards pool is $500,000 in Solv token, available on a first-come, first-served basis.
*Once successfully staked, you'll receive SolvBTC.DeFi on the BNB Smart Chain in your wallet.
*The prize pool deposit limit was reached on December 20, 17:54 (UTC), 2024. Users who stake after the boosted APR allocation filled may not receive any boosted rewards, but only real-time base APR.
Note:
Total Individual Rewards during the promotion period = Qualified Amount of BTCB staked in BTCB Solv Strategy × 22% × Duration of Staking / 365
Maximum Duration of Staking for Promotion is 21 days
For example, if a user stakes 3 BTCB for 21 days, the reward will be: $3,000,000 x 22% x 21 / 365 = $37,927.6 equivalent of Solv tokens
During the promotion, the prize pool is filled when the staked strategy TVL reaches $40,000,000 in BTCB. Users staking after the pool's boosted APR allocation is filled may not receive any boosted rewards, but will still be able to enjoy the real-time base APR from the Yield+ Solv BTCB Strategy.
How to Participate:
Update your Binance App to the latest version;
Click [Join Now] on the campaign page to confirm your participation
Login with Binance Wallet - [Earn] - [Yield+] - [BTCB]
Stake a minimum of 0.0002 BTCB on Yield+ BTCB Solv strategy.
>> Learn How to stake on Solv BTCB strategy in Binance Wallet.
Notes:
Only users who opt-in to the campaign and 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.
Users are able to redeem their BTCB on Solv’s dApp.Your redemption may take at least 10 days to be processed. Please follow Solv’s official discord for more information.
Total Qualified BTCB Staking Amount during the promotion period = Total staked amount of BTCB - Total redeem amount of BTCB - Total withdrawal amount of BTCB from Binance Wallet
Only staked BTCB in the Binance Wallet - [Earn] - [Yield+] - [BTCB]
during the campaign period will be considered in the reward calculations.
The APR Boost Rewards will be distributed in Solv tokens. Solv token rewards will be airdropped all at once on the BNB Smart chain to your Binance Wallet after the Token Generation Event (TGE). Please follow Solv’s discord for more information. Token rewards can be previewed within 4 weeks after the Activity ends. You can preview 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.
The total prize pool for this activity is inclusive of gas fee that may incur during the distribution of rewards.
The relevant terms and conditions apply. Please ensure you have reviewed and understood the terms and conditions.
What is Solv and SolvBTC?
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.
SolvBTC is a universal Bitcoin reserve token, designed to unlock the full potential of over $1 trillion in Bitcoin assets. Each SolvBTC token is 1:1 pegged to native BTC, ensuring it retains the same value as Bitcoin. SolvBTC is minted by depositing either BTC or other wrapped Bitcoin assets, making it easy for Bitcoin holders to convert their assets into a more flexible, DeFi-compatible form.
Terms & Conditions:
These terms and conditions (“Activity Terms”) govern your participation in this Solv 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.
