BNB Chain has announced an upgrade to its $100 million incentive program, shifting from its initial model to a direct token acquisition method following feedback from a three-week pilot. This change aims to better support promising projects within the ecosystem. The upgrade includes liquidity support, exemplified by a recent $280,000 injection into the Pumpbtcxyz protocol, which is positioned as a notable development in Bitcoin decentralized finance (DeFi). Additionally, BNB Chain has integrated support on Photon and is preparing for the Lorentz hardfork, which is anticipated to enhance the network's capabilities. The incentive program upgrade has positively impacted projects such as BIAO, an Asian meme token with a market capitalization exceeding $8 million, over 300 active addresses, and an average daily trading volume surpassing $4 million. Meanwhile, other developments in the Bitcoin DeFi space include the introduction of Euler's market optimized for stablecoin loops with $20,000 in incentives, and Babylon Labs' dual-staking model that enables Bitcoin to secure networks, earn rewards, and maintain sovereignty, transforming Bitcoin into a productive asset. Coredao has also addressed the issue of idle institutional Bitcoin holdings, which amount to over $500 billion in custody fees deducted from principal holdings. These initiatives collectively reflect ongoing efforts to enhance liquidity, utility, and participation in blockchain and DeFi ecosystems.
BIAO SURGES AMID BNB CHAIN’S $100M INCENTIVE PROGRAM UPGRADE - Viral asian meme @biaocoinbnb_ has seen a strong performance in overall metrics in recent days. - With a current market cap of over $8M, 300+ active addresses, and $4M+ in average daily trading volume, BIAO is https://t.co/4Ety2slRiw
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