According to the announcement from Binance, the platform will introduce the Binance FPSL (Fully Paid Securities Lending) HODL Leaderboard for Stocks users, with rewards tied to participants’ leaderboard rankings. The activity period is scheduled for 2026-07-06 12:00 (UTC) to 2026-08-02 23:59 (UTC). Binance said eligibility requires users to have successfully enabled the FPSL function and opted in to the activity. Eligible assets are U.S.-listed stocks and ETFs on Binance that are fully settled (T+1 trading day). Binance stated that rankings are not updated in real time and are calculated and refreshed daily on a T+1 basis.
Leaderboard and Rewards: Binance said the leaderboard is based on a calculation of stock holdings multiplied by the number of days FPSL is enabled while the function is on. Rewards are limited to the top 100 eligible users. The distribution per eligible user is set at 388 USDC for 1st place; 188 USDC for 2nd–3rd; 88 USDC for 4th–5th; 68 USDC for 6th–10th; 28 USDC for 11th–20th; 18 USDC for 21st–50th; and 8 USDC for 51st–100th.
Program Mechanics and Distribution: Binance said the Fully Paid Securities Lending Program allows an institutional borrower to borrow eligible assets from users’ stock holdings, with interest credited monthly when assets are lent out. Alpaca will automatically lend shares based on market demand after FPSL is enabled, without advance notice. Binance said lending does not affect trading activity and users can sell at any time; if a stock on loan is sold, the loan is recalled and interest stops accruing from the time of sale, which may affect leaderboard ranking. Binance said USDC token vouchers will be distributed by 2026-08-20 and will expire within 21 days after distribution.
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