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Binance launched a user feedback event, where trading can share a prize pool of 20 million USDC

According to the official announcement, Binance has launched a user reward event. Eligible users do not need to register; they can automatically participate in the reward distribution by completing transactions and enjoy an annualized financial return of up to 10%. The event runs from November 2, 2026, 19:30 to November 22, 07:59 (UTC+8).Event 1: All users who have completed KYC and meet compliance requirements can receive a 100 USDC spot trading fee rebate voucher. After claiming, 30% of the remaining amount of daily spot trading fees will be refunded after deducting referral commissions. Meanwhile, during the event, users who trade spot, leverage, instant exchange, USDT or coin-margined contracts, bStocks, and stock trading pairs with a cumulative effective trading volume of no less than 10,000 USD can share a total prize pool of 20 million USDC based on their trading volume proportion, with a maximum of 4,000 USDC per person. VIP 3 users and above, market makers, and brokers do not participate in the trading distribution.Event 2: Financial product interest rate increase. Regular users of USDC can add a tiered return of 7% to 7.5% on top of the real-time yield (currently about 3%); VIP users can add 8% to 8.5%; USDT regular users can add an 8% tiered return (0 to 1000 USDT); RWUSD has a base yield of 3.61% plus 6.39%; BFUSD has a 7-day average annualized return of 5.11% plus 5%. Users borrowing stablecoins for arbitrage will not be able to obtain tiered returns.

first_img Yield Basis launched the permissionless propAMM, prioritizing the deployment of the WETH pool

The automated market-making protocol Yield Basis, founded by Curve founder Michael Egorov, announced the launch of a permissionless propAMM, aiming to upgrade its liquidity mechanism on Curve. This design combines market perception pricing with dynamic fees, aiming to increase trading volume, reduce arbitrage losses, and improve liquidity provider returns. According to its simulations over the past 18 months, Yield Basis's WETH position is projected to grow at an annualized rate of 8.5% in ETH terms under the new design, compared to 3.6% under existing parameters.Officials stated that WETH liquidity providers do not need to take additional actions, as the new design will directly affect their respective liquidity pools. The small transaction fee for pulling the pool price back to the market price is 0.50%, and anyone can submit prices or deposit funds, with the relevant code being open source. The WETH pool will be deployed first, and Bitcoin-related liquidity pools will follow after the successful deployment of the WETH pool.According to the announcement, the liquidity pool will charge based on the profits earned by arbitrageurs from trades, retaining about two-thirds of the profits above the minimum fee. The new design features lower single transaction fees, with simulated trading volumes approaching three times the current levels, requiring donations of about one-quarter of the current amount. The Yield Basis DAO owns the strategy, and the Curve Emergency DAO can shut it down in emergencies, while the Curve liquidity pool contract itself remains unchanged. Curve DAO vote 1508 will connect the strategy to the WETH pool and set the reserved profit ratio, while Yield Basis vote 60 will set the LevAMM fee at 1.5% (currently 1.3%), with the donation rate being about 1.2% of the pool value per year (currently about 5%). The above simulations only include arbitrage exchanges and do not account for regular trading and liquidation.
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