Binance just lost about $6.3B to hackers. Days later, it's handing out a 20M USDC pool, up to 10% APR and a 100 USDC voucher to verified users. Some parts are worth a lot more than others. Learn more from Binance official announcement
Read this post and you will know how to make money from this event optimally:
1. What's inside: 3 activities
- A 100 USDC Spot fee rebate voucher for every verified user
- A 20,000,000 USDC trading pool, shared by volume
- Up to 10% APR on $USDT, $USDC, RWUSD and BFUSD in Earn
2. Key dates (UTC)
- Nov 2, 11:30: campaign starts
- Within 7 working days: voucher lands in Rewards Hub
- 15 days after it lands: last day to claim it
- Nov 21, 23:59: campaign ends, also the ID verification deadline for the voucher
- Within 7 business days after the end: pool rewards paid
- By Dec 13: RWUSD and BFUSD bonus paid
3. What's worth the most, ranked
- 1st: Earn bonus. No trading needed. Regular users get about 3% + 7% bonus on up to 10,000 USDC, and +8% on up to 1,000 USDT. VIP 1-3 get +8% on up to 200,000 USDC.
- 2nd: The voucher. A 30% discount on Spot fees, useful only if you already trade Spot.
- 3rd: The 20M pool. It's split across everyone's volume, so it pays cents per $1,000 traded. A bonus for heavy traders, not a reason to trade.
4. Reward Simulation: 16 days, Nov 6-21
Saver: 1,000 USDT + 10,000 USDC in Flexible, no trading
- At a normal ~3%: $14.47
- With the campaign bonus: $48.66
- Extra: +$34.19, about $2.14 a day
Spot trader: $1,000 of Spot volume a day (buy + sell), fees paid in $BNB
- Volume: $16,000
- Fees: -$12.00
- Voucher rebate: +$3.60
- Pool share: +$0.80 to +$2.40 (estimate: Binance doesn't publish total volume)
- Net: -$6.00 to -$7.60
The trading parts cut your costs. They don't pay you to trade.
5. The 100 USDC voucher is a discount, not cash
- Binance pays back 30% of your Spot fees the next day, in USDC, until 100 USDC has been paid.
- Getting all 100 USDC back means paying about $333 in fees first: $333,333 of volume at 0.1%, or $444,444 with BNB fees.
- Pay fees in $BNB and the discounts stack: 0.1% becomes 0.075%, then 0.0525% after the rebate.
- Counts: any Spot pair that charges a fee. USDC pairs are slightly cheaper for takers (0.095%).
- Doesn't count: zero-fee pairs (nothing to rebate), Futures, Margin and Alpha trades.
6. One useful tip: Stack it with other events
One Spot trade can count for several promos at once:
- the voucher (30% of the fee back)
- the 20M pool (all eligible volume adds up)
- any event on the same pair, like Binance's Spot trading tournaments or Halloween Pumpkin Frenzy tasks (until Nov 8, 23:59 UTC)
Press Join on each event first. Trades made before you join don't count.
7. Other tips most people miss
- Already in Flexible? Make 1 new subscription (any amount) after Nov 2 to switch the bonus on, unless you joined October's USDC campaign.
- Start early. The bonus pool is limited, and the first bonus arrives 2 days after you subscribe.
- Don't borrow stablecoins to subscribe. Binance takes the bonus back.
- RWUSD and BFUSD bonuses use your lowest daily balance, so moving in and out lowers them.
- Never trade just to "use up" the voucher. Every $1 it pays back costs $3.33 in fees.
- Avoid zero-fee pairs: no rebate, and the volume doesn't count for the pool.
- VIP 3+ can't share the 20M pool, but still get the Earn bonus.
- Check your rebate in Wallet > Transaction History > Distribution.
Any useful tips you want to share?