BNB Chain launches the fifth phase of the TVL incentive program, offering staking support of up to 5% of the newly added TVL

ChainCatcher news, according to official sources, BNB Chain has announced the launch of the fifth phase of the TVL incentive program, which will provide up to 5% of the newly added TVL in BNB staking support for the top five staking or restaking protocols, with a maximum support limit of 20,000 BNB per project. At the same time, the restaking protocol KernelDAO, managing assets worth $2 billion, announced the establishment of a $40 million ecological fund to support the development of the BNB Chain ecosystem.

The incentive program will run from January 21, 2025, to February 21, 2025, with a total staking support cap of 50,000 BNB and a lock-up period of 1 to 3 months. The BNB Chain Foundation will return staking rewards to the community through market activities or airdrops. KernelDAO additionally commits to allocating 5% of its token supply for ecological development funding. Marwan Kawadri, head of BNB Chain EMEA, stated that the program aims to promote BNB Chain as a multi-network interconnected ecosystem and accelerate the large-scale adoption of Web3.