BNB Chain launches the second phase of the TVL incentive program: providing a prize pool of up to $160,000 for DeFi projects based on BSC

ChainCatcher news, BNB Chain has announced the launch of the second round of the TVL (Total Value Locked) incentive program. This incentive program targets Web3 projects deployed on the BNB Smart Chain (BSC). During the event, the top 5 projects with the highest TVL increase will share a prize pool of up to $160,000. The TVL incentive program aims to provide opportunities for decentralized finance (DeFi) projects on BSC to expand, making them part of a vibrant and rewarding ecosystem, thereby accelerating growth.

It is reported that the total prize pool for the month depends on the total TVL growth of the participating projects during that period. The application period for the first phase of the program is from March 5, 2024, to March 14, 2024, with the competition period running from March 15, 2024, to April 13, 2024. Rewards will be distributed within two weeks after the program ends.