Binance launches USD1 reward program with WMFI token airdrops

Binance has launched a USD1 bounty campaign, distributing $40m in WMFI tokens in weekly airdrops. WLFI payouts are based on users' net USD1 balances, used as collateral for USD1 maximum rewards. With a $1 market cap exceeding $3 billion, WLFI activity has increased in DeFi and severance applications.

Binance has launched a new reward campaign for users who hold USD1, which includes weekly WLFI token airdrops by WMFI with a total of $40 million allocated for distribution.

Eligible accounts maintaining USD1 accounts between January 23 and February 20 will receive rewards under the program, the exchange said.

The initiative links WLFI payments to net USD1 accounts on Binance, using a snapshot to calculate qualifying amounts.

Binance is positioning the campaign as an incentive for users who hold or deploy USD1 on supported products, and both USD1 and WMFI continue to see growing activity in the broader crypto ecosystem.

How Binance distributes WMFI rewards

Binance said that starting February 2, WMFI rewards will be paid out once a week.

Each weekly broadcast covers activities from the previous seven days.

The campaign is structured to release approximately $10 million worth of WLFI tokens each week, spread over four consecutive weeks, bringing the total allocation by WMFI to $40 million.

Rewards are designed to reflect users' eligible USD1 accounts over time rather than for a single moment in the campaign window, the exchange said.

Which US dollar accounts count for eligibility?

Eligibility is based on users' net USD1 accounts held on Binance, with multiple account types included in the calculation.

Binance confirmed that USD1 deposited in Spot, Funding, Margin and USDⓈ-M Futures accounts will all count towards the campaign's reward calculation.

However, borrowed funds are excluded. Binance reward calculations are based on net USD1 balances, meaning any USD1 borrowed will not qualify for WMFI rewards.

The exchange also stated that USD1 used as margin or collateral for futures accounts will result in a higher reward rate.

This introduces an additional incentive for users to allocate USD1 to collateral-based trading products instead of keeping it completely idle in regular wallets.

A snapshot and rate system is used for payments

Binance will withdraw user balances every hour during the campaign. However, award calculations are not based on hourly averages.

Instead, Binance uses the minimum USD1 balance registered each day to determine a user's eligible amount for that day.

For each weekly payout, Binance calculates rewards using a seven-day average balance.

This links the distribution to consistency because a dip in one daily holding can reduce the holdings for that day and then affect the overall weekly average.

Binance also said that payments use an effective annual rate, which is set at each distribution period.

As a result, the amount applied may vary between weekly drops depending on what Binance has set when rewards are released.

At the beginning of 2026, the growth of 1 dollar and the activity of WWFI

USD1, launched in April 2025, is defined as a multichain stablecoin backed entirely by US dollars and money market funds.

It has grown tremendously since its inception. According to data from DeFillama, the USD1 market capitalization has now exceeded USD 3 billion.

The stablecoin is available on various blockchains including Monad, Ethereum, Solana and Aptos.

WLFI, the leading indicator of the world's free financial ecosystem, has seen activity in early 2026.

It has recently been added to payroll services, decentralized financial lending platforms and an on-chain liquidity position.

The brand has attracted new interest and partnerships in recent weeks, although its relationship with US President Donald Trump has faced criticism, with some citing concerns over a conflict of interest.

Binance said users must complete identity verification and reside in eligible jurisdictions to participate in the program.

The exchange added that brokerage accounts are excluded and reward times may vary due to operational conditions.