Nikolas Sargeant
RWA blockchain Lumia has announced that the leading crypto exchange, Binance, is launching an Earn campaign for LUMIA holders. In a press release shared with Cryptowisser, Lumia said the initiative will enable holders of the new LUMIA token to earn additional rewards through staking on Binance.
The Binance Simple Earn program for LUMIA holders will go live tomorrow, October 24, at 09:00 (UTC). Holders who stake their LUMIA through Binance for the campaign will earn up to 19.9% APR in rewards. The campaign will run until March 21, 2025.
Lumia added that the APR available to LUMIA holders will vary according to the duration of their stake. A minimum of 30 days is 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.
The team explained that Binance Earn allows crypto users to increase their earnings by participating in staking programs. The initiative enables blockchain communities to hold their favorite assets while earning additional rewards in the form of the same token. LUMIA plays several key functions in Lumia’s chain for RWAs, including governance and node rewards.
While commenting on this launch,Mehmet, Core Contributor at Lumia, said,
“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. 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 launch of the Binance Earn program for LUMIA holders comes after the cryptocurrency exchange officially supported the Lumia token swap event (TSE). The support allowed Binance users to access LUMIA, making it easier for DeFi and Web3 users to acquire the token and explore the benefits of Lumia’s blockchain for tokenized RWAs.
According to the team, Lumia can be broken down into two segments: Lumia Chain, engineered for RWAs, and Lumia Stream, designed to bring liquidity to otherwise illiquid RWAs.
Lumia Chain combines blockchain technology with global compliance tools, advanced account abstraction, and more. This makes it an ideal platform for institutional and retail tokenization and adoption of RWAs.
Meanwhile, Lumia Stream combines these otherwise illiquid tokenized RWA assets like 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.
Lumia is the world’s first next-generation blockchain to provide a comprehensive solution across real-world assets (RWAs) life cycle, from asset tokenization to liquidity aggregation and connectivity to millions of DeFi and Web3 traders.
The blockchain bridges the gap between physical assets and digital finance, making tokenized assets easily accessible on-chain to power the next evolution of finance with deep liquidity, unmatched capital efficiency, and essential infrastructure for the future of RWAs.
