BNB Chain Launches Fifth Phase Of TVL Incentive Program

According to BlockBeats, on January 15, BNB Chain announced the launch of the fifth phase of its Total Value Locked (TVL) incentive program. In this initiative, the BNB Chain Foundation will provide up to 5% of the additional TVL, calculated only on Staked BNB, to the top five staking or restaking protocols. This support will be in the form of BNB, invested in the winning ecosystem projects.Additionally, KernelDAO, a leading restaking protocol managing assets worth $2 billion, has announced the initiation of a $40 million ecosystem fund. This fund aims to invest in and support DeFi projects on the BNB Chain.The current phase of BNB Chain's TVL incentive program is scheduled to run from January 21 to February 21, 2025, and registrations are now open. The program is designed to encourage protocols focused on integrating staking, liquid staking, and restaking of BNB, assisting early-stage projects in increasing their TVL while expanding BNB's on-chain application scenarios.