TechFlow reports that BNB Chain has announced the introduction and participation guidelines for its TVL incentive program, aimed at encouraging projects to deploy on opBNB. The program consists of two phases:
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Phase One includes an application period, competition period, and reward settlement. The total prize pool varies based on the increase in total TVL during each period.
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Details of Phase Two will be announced through official channels.
The total prize pool is $160,000, with rewards distributed according to TVL growth rankings per period. The first-place project receives 60% of the total prize pool, second place receives 30%, and third place receives 10%.
Eligible projects must pass a security audit and complete the application form. Rewards will be distributed to the BEP20 wallet addresses provided by the projects within two weeks after the end of each period. Projects must apply before December 15, 2023.
