Binance Launches Reward Campaign: Up to 43% APR on USDC and USDT

Binance Web3 Wallet and Morpho Launch Rewards Campaign

In an exciting development for users of the Binance Web3 Wallet, a new rewards campaign has been announced in collaboration with Morpho. This initiative allows participants to earn an impressive up to 43% APR on their holdings of USDC and USDT through Simple Yield Morpho Pools. The promotion is set to be available from November 26, 2024, to December 16, 2024 (UTC).

Campaign Highlights

• Duration: November 26, 2024, 00:00 UTC - December 16, 2024, 23:59 UTC
• APR Offer: Up to 43% (including a 30% APR boost in Morpho tokens)
• Eligible Tokens: USDC and USDT
• Minimum Supply: 100 USDC or USDT
• Rewards Pool: $190,000 in Morpho tokens distributed on a first-come, first-serve basis

How It Works

To take part in this lucrative campaign, eligible users need to subscribe to the Simple Yield Morpho Pools via the Binance Web3 Wallet. By supplying a minimum of 100 USDC or USDT, users can enjoy a 30% boosted APR in addition to the real-time APR applicable during the promotion.

Individual Pool Details

Here’s how participants can get involved:

How to Participate

1. Opt-in to the Campaign by clicking Join Now on the campaign page.
2. Login through your Binance Web3 Wallet.
3. Navigate to Earn > Simple Yield > Protocols > Morpho.
4. Select either USDC or USDT.
5. Supply a minimum of 100 USDC or USDT to the specified pools during the campaign.

Rewards will be calculated based on historical balance snapshots taken during the campaign and distributed as Morpho tokens within four weeks of the campaign’s conclusion.

Important Notes

• The APR Boost Rewards will be disbursed in Morpho tokens using real-time MORPHO/USD rates.
• Eligibility: Users must complete their KYC and maintain an active, backed-up Binance Web3 Wallet.
• MiCA Compliance: Restrictions apply for users from the EEA concerning USDT pools.
• Reward Distribution: Users who deactivate their Binance Web3 Wallets will not receive any rewards.

About Morpho

Morpho is a pioneering DeFi platform that enables users to earn yield, borrow assets, and develop decentralized applications. With its flexible and permissionless infrastructure, Morpho efficiently facilitates the creation of markets and vaults.

For more details, check out the official campaign page.

Terms & Conditions

This campaign falls under Binance’s Terms of Use, Privacy Policy, and Prize Promotion Terms. Binance retains the right to modify or terminate this campaign at its discretion.