Lumia, the largest RWA blockchain, has revealed that Binance is all set to introduce an Earn campaign involving LUMIA tokens. This initiative, set to begin on October 24, 2024, enables LUMIA token holders to deposit their tokens and earn up to 19.9% APR through Simple Earn on Binance. The campaign will continue until March 21, 2025, allowing users to maximize this sure-to-earn-big opportunity.
LUMIA Staking Rewards on Binance Earn
According to Binance’s Earn program, LUMIA holders can get a different rate depending on the staking period chosen. Staking begins at an APR of 6.9%, 8% for 60 days, and a maximum of 19.9% for 90 consecutive days. The participants can invest between 0.1 and a maximum value of 25000 LUMIA tokens.
The Binance Simple Earn program allows LUMIA holders to increase their earnings by participating in staking programs designed to reward users with the same token they stake. This initiative supports both new and existing holders of LUMIA as they engage with the token’s functionalities on the Lumia Chain for real-world assets (RWAs).
Lumia’s blockchain technology integrates real-world assets into decentralized finance (DeFi) through two key segments: Lumia Chain and Lumia Stream. Lumia Chain focuses on governance, node rewards, and RWA tokenization, while Lumia Stream enables liquidity for traditionally illiquid RWAs such as real estate, art, and commodities.
Impact on Lumia and Binance Ecosystem
Mehmet, a core contributor to Lumia, highlighted the significance of the Binance Earn program, stating it will motivate new and existing users while raising awareness of the broader use cases of Lumia’s blockchain. The program follows Binance’s support of Lumia’s token swap event, making it easier for Web3 users to adopt the LUMIA token.
The Binance Earn campaign for LUMIA holders presents an attractive opportunity for crypto users to explore the benefits of RWAs while earning competitive rewards. Through this campaign, Binance and Lumia foster a deeper connection between blockchain and real-world assets.
Source: https://blockchainreporter.net/binance-introduces-lumia-token-earn-campaign-with-up-to-19-9-apr-for-stakers/