Recently, I checked Binance's USD1 incentive campaign, and the core is not "wealth management," but rather the distribution of coin weight allocation.
The rules are actually quite simple:
As long as there is USD1 in the account, you can proportionally receive $WLFI.
It doesn't matter where USD1 is placed —
whether in the spot account or used as margin for contracts or leverage, it will all be counted.
I roughly calculated based on the current prize pool and participation scale, the annualized rate is around 20%, which is already a very high level for stablecoins.
One particularly friendly point for contract users is:
USD1 as margin has a weight of 1.2 times.
This means that if you were originally using USD1 for margin trading, now you are effectively receiving an additional layer of incentive without changing your trading habits.
However, there are two very critical restrictions in this round of activities that many people easily overlook:
First, borrowing is invalid.
The official statistics are based on net assets in the account; borrowed USD1 does not participate in the calculation, and the nesting strategy does not work.
Second, the snapshot mechanism is extremely strict.
Every day, the lowest balance of USD1 in the account is taken.
Even if you hold it for most of the day, as long as there was a transfer or reduction in the meantime, the reward for that day will be directly lowered, even to zero.
So this is not the kind of activity that is "temporarily rushed," but rather leans towards stable holding.
The prize pool is also quite generous:
A total of 40 million USD equivalent in $WLFI, released over 4 weeks, 10 million each week, with the activity lasting until February 20.
Overall, this round of activities is not complicated, nor is there much space for competition:
If you already hold USD1, or have been using USD1 as contract margin for a long time, then it's just an additional income;
