Binance Launches $300M User Seed Fund — USDC Airdrop Sent to Users Liquidated in Oct. 11 Mass Liquidation

Per Binance’s public announcement, the exchange has initiated the airdrop phase of its $300 million User Seed Fund, delivering compensatory allocations in USDC to customers impacted by the large-scale liquidation event. Distribution amounts reportedly vary — from modest disbursements to higher relief payments — and are being routed to eligible accounts as part of a targeted remediation effort designed to restore market confidence and limit systemic friction.

Eligibility is determined by objective metrics including forced futures and margin liquidations within the specified snapshot window, a minimum loss threshold of $50 and a loss representing at least 30% of pre-event net asset exposure. Binance expects token transfers to appear in users’ Rewards Hub within a 96-hour rollout window, though operational delays are possible given the scale of the program.