Introducing Binance Earn Program for LUMIA Holders: Earn up to 19.9% APR

LUMIA holders on Binance (BNB) will soon have the opportunity to lock their tokens in the Binance Earn program to generate rewards starting from Oct. 24, 2024. This exciting announcement comes after Binance’s support for Orion (ORN) rebranding into Lumia (LUMIA).

According to Lumia (LUMIA), a groundbreaking RWA-focused blockchain, LUMIA holders can now participate in the Binance Simple Earn program and earn up to 19.9% in annualized rewards. The APR available will vary based on the duration of the stake, starting at 6.9% for a 30-day stake, increasing to 12.9% for 60 days, and reaching 19.9% for a stake of at least 90 consecutive days. Users can stake a minimum of 0.1 LUMIA and a maximum of 25,000 tokens during the campaign.

The Binance Simple Earn program for LUMIA holders will launch on Oct. 24 at 9:00 a.m. (UTC) and will be available until March 21, 2025, for both new and existing depositors. This initiative aims to empower crypto users to increase their earnings through staking programs.

Mehmet, a core contributor at Lumia, expressed his excitement about the token debuting in the Binance Earn program and encouraged community enthusiasts and investors to participate. The program not only offers existing LUMIA holders a chance to earn yield on their assets but also introduces new users to the benefits of Lumia’s RWA chain.

Binance’s decision to launch an Earn program for LUMIA holders follows its support for the Lumia token swap event (TSE), making it easier for users to access the new token. This move aims to facilitate DeFi and Web3 users in acquiring LUMIA and exploring the advantages of Lumia’s blockchain for tokenized RWAs.

In addition, Lumia is divided into two segments: Lumia Chain, tailored for RWAs, and Lumia Stream, designed to provide liquidity to otherwise illiquid RWAs. This development highlights the growing utility and potential of the LUMIA token within the blockchain ecosystem.