#SECProposesCryptoCustodyRules
Multi-Assets mode is included).
USD1 in Binance Futures or Margin accounts can receive a 1.2x bonus multiplier on rewards, only if the user’s Daily Open Interest on USD1 Futures pair(s) is maintained at a minimum of 300 USD1.
Binance will take hourly daily snapshots of each user’s Open Interest each day and use the lowest recorded amount to determine if the users’ Daily Open Interest on that day meets the minimum requirement and their eligibility of the 1.2x bonus multiplier.
Note: If the users’ Daily Open Interest on USD1 Futures pair is less than 300 USD1 on certain days, and hold more than 0.01 USD1 in their Margin or Futures Accounts, they will still receive 1x rewards on those days, but not the 1.2x bonus rewards.
USD1 acquired through borrowing of other stablecoins will receive a haircut of 70%, after accounting for liabilities in Margin Accounts from other stablecoins, including USDT, USDC, U, RLUSD, and FDUSD.
Campaign Details:
Distribution: Rewards will be airdropped
Multi-Assets mode is included).
USD1 in Binance Futures or Margin accounts can receive a 1.2x bonus multiplier on rewards, only if the user’s Daily Open Interest on USD1 Futures pair(s) is maintained at a minimum of 300 USD1.
Binance will take hourly daily snapshots of each user’s Open Interest each day and use the lowest recorded amount to determine if the users’ Daily Open Interest on that day meets the minimum requirement and their eligibility of the 1.2x bonus multiplier.
Note: If the users’ Daily Open Interest on USD1 Futures pair is less than 300 USD1 on certain days, and hold more than 0.01 USD1 in their Margin or Futures Accounts, they will still receive 1x rewards on those days, but not the 1.2x bonus rewards.
USD1 acquired through borrowing of other stablecoins will receive a haircut of 70%, after accounting for liabilities in Margin Accounts from other stablecoins, including USDT, USDC, U, RLUSD, and FDUSD.
Campaign Details:
Distribution: Rewards will be airdropped