In an announcement this week, leading crypto exchange Binance confirmed the addition of the LUMIA token to its Earn campaign. The latest addition will see holders of the token earn hefty APR rewards by staking their tokens on Binance. The initiative will enable holders of the new LUMIA token to earn additional rewards through staking on Binance.
LUMIA, the native token of the real-world asset (RWA) tokenization DeFi platform, Lumia, is the key driving force of the platform, having recently completed its token swap event (TSE).
The simple Earn program for LUMIA is set to go live on October 24 at 9.00 AM UTC, allowing holders to earn up to 19.9% APR in rewards if they stake their tokens for the allocated campaign period. The campaign will run until March 21, 2025.
“The Binance Simple Earn program will give existing LUMIA holders an opportunity to earn yield on their assets while incentivizing new users to explore the features and benefits of Lumia’s RWA chain,” Mehmet, Core Contributor at Lumia, said on the unveiling of the LUMIA Earn campaign. “In the process, it will raise awareness of the use cases being engineered for Lumia and its ability to deliver deep liquidity procured from a range of centralized and decentralized sources.”
The Binance Earn campaign was designed to allow users to stake (save) their favourite cryptocurrencies and earn yields without the need to sell them. This allows crypto holders to increase their earnings via staking, earning additional rewards in the form of the same token.
LUMIA holders join several other token holders such as Bitcoin (BTC), Ethereum (ETH) Solana (SOL), USDC and USDT holders in the Binance Earn program, but will have one of the highest APR rewards so far. The APR available to LUMIA holders will vary according to the duration of their stake, with a minimum of 30 days required to earn an APR of 6.9%.
This rises to 12.9% for 60 days and 19.9% for users who stake for at least 90 consecutive days. Binance users can stake with a minimum of 0.1 LUMIA and a maximum of 25,000 tokens during the campaign.
Binance decided to launch the rewards program for LUMIA holders following the TSE event. This allows the Binance community to seamlessly access the new token following the event, making it easier for DeFi and Web3 users to acquire LUMIA and begin exploring the benefits of Lumia’s blockchain for tokenized RWAs.
Bridging Billions In Liquidity to the $10T RWA Sector
The Lumia ecosystem aims to bridge massive amounts of liquidity across the RWA sector using DeFi. The ecosystem boasts as the first-of-its-kind blockchain that provides comprehensive infrastructure across the entire life cycle of RWAs, from asset tokenization to connectivity to the millions of traders in DeFi and Web3.
Lumia is the first blockchain to focus on the step after asset tokenization – bringing these assets to the millions of users in DeFi, and providing a full cycle solution for RWAs.
The LUMIA token is at the centre of this platform, providing key functions and features for the Lumia Chain and Lumia Stream, the two major components in its ecosystem. Some of the functionalities include paying network fees within the ecosystem, decentralized governance, and node rewards.
The Lumia Chain is engineered for RWAs, providing a simplified platform for asset tokenization and its adoption. The platform combines next-gen blockchain technology with global compliance tools, advanced account abstraction, and more to form the ultimate platform for institutional and retail tokenization and adoption of RWAs.
Lumia Stream, on its part, is designed to bring liquidity in the illiquid world of RWAs. The platform combines the illiquid nature of RWAs such as real estate, commodities, and art with traditional digital assets and injects them into the liquid decentralized finance (DeFi) ecosystem, offering a unique protocol that unlocks new opportunities for investors, institutions, and developers.
