BNB Chain has launched its "Gas-Free Carnival" initiative, enabling users to transfer stablecoins without paying gas fees. This program aims to simplify stablecoin transactions while rewarding the BNB Chain community.
Partnerships with Leading Exchanges
To facilitate this initiative, BNB Chain has partnered with major centralized exchanges (CEXs), including:
- Binance
- Bitget
- Gate.io
- MEXC
During the promotional period (September 20–October 19, 2024), users can withdraw stablecoins like USDT, USDC, and FDUSD to BNB Smart Chain (BSC) and opBNB networks without fees. MEXC extends its promotion until November 9, 2024.
Wallet Support and Sponsorships
BNB Chain collaborates with:
- Bitget Wallet
- SafePal
Each provides $25,000 in gas fee subsidies for users. Key details:
- Daily Limit: Up to six free transfers per wallet.
- Minimum Transfer: At least $0.10 in stablecoins (on BSC).
- Promotion Period: September 20–October 19, 2024.
👉 Discover how BNB Chain is revolutionizing gas-free transactions
Seamless Cross-Chain Bridging via Celer cBridge
For users holding assets on other blockchains, BNB Chain integrates Celer cBridge to offer:
- Zero-fee bridging to BSC or opBNB.
- 100% FDUSD gas rebates for eligible transactions (capped at $50,000).
Promotion Period: September 20–October 19, 2024.
Maximizing Stablecoin Utility in DeFi
BNB Chain encourages users to leverage stablecoins across DeFi platforms for yield opportunities, such as:
- Lending: Aave, Venus (up to 21.86% APY on FDUSD).
- Yield Farming: PancakeSwap (12.34% APY for USDC/FDUSD pools).
- Liquidity Mining: Thena (8.37% APY for USDT/USDC).
👉 Explore top DeFi strategies with BNB Chain
Future Expansion
BNB Chain continues onboarding more CEXs, wallets, and bridges to scale this program.
Disclaimer: Participation is voluntary and not financial advice. Always conduct independent research before engaging in DeFi activities.
FAQs
1. How long does the Gas-Free Carnival last?
Most promotions run from September 20 to October 19, 2024, though MEXC extends until November 9.
2. Which stablecoins are supported?
USDT, USDC, and FDUSD are eligible for gas-free transfers.
3. Are there limits on free transactions?
Yes—users can execute up to six free transfers daily, with a minimum of $0.10 per transfer.
4. Can I bridge assets from other chains?
Yes! Use Celer cBridge for zero-fee stablecoin transfers to BSC/opBNB.
5. What DeFi platforms can I use my stablecoins on?
Top options include Venus, PancakeSwap, and Thena, offering APYs up to 37.01%.