Binance has introduced the TVL Incentive Program #3, a innovative initiative aimed at stimulating BNB and Total Value Locked (TVL) growth for projects on opBNB and Binance Smart Chain (BSC). This program seeks to increase BNB/liquid staking BNB (lstBNB) lock-up and incentivize the ecosystem through substantial rewards.

The program consists of two main parts: Part A, the BNB Lock-up Challenge, and Part B, the TVL Incentive Program. Part A offers a $100,000 prize pool, ranking participants based on incremental BNB locked and Liquid Staking BNB locked during the event. Part B has a dynamic prize pool of up to $200,000, determined by the total incremental TVL of all participants.

The program is open to all DeFi platforms that support BNB staking and DeFi projects on opBNB and BSC. Registration is open from June 19 to June 26, and the challenge period runs from June 27 to July 27. Winners will be announced on July 30.

The reward structure is based on incremental BNB locked and TVL, with a dynamic prize pool formula for Part B. The program also outlines specific eligibility calculations, participation requirements, and terms and conditions.

This initiative demonstrates Binance's commitment to fostering growth and innovation in the DeFi ecosystem. By incentivizing BNB and TVL growth, Binance aims to create a more robust and vibrant ecosystem for users.