Binance has revealed that Reservoir (DAM), a new decentralized stablecoin protocol will be the next new token that will be launched on Binance Alpha. On August 18, Binance Alpha will be the first platform to list DAM, offering both spot and futures trading options.
The listing event is accompanied by a community-exclusive airdrop of eligible Binance users in an effort to encourage the community to get involved early and reward these early users. This article explores the features of Reservoir, details of the Binance Alpha listing, and how to claim the $DAM airdrop.
What is Reservoir ($DAM)
Reservoir is a permissionless protocol based on the Ethereum blockchain aimed at the creation and management of stablecoins and yield-bearing assets. It provides cross-chain minting and redeeming premises to its stablecoin and yielding assets, rUSD and srUSD.
Reservoir has a scalable and diversified asset collateralization that is backed by both virtual and physical assets and provides a highly effective yield as well as stability in the long term. Diversifying support via a basket of digital and real-world assets will enable Reservoir to minimize volatility and increase trust in the stability of the decentralized stablecoin.
The DAM is the native utility token that is essential to the ecosystem; it is used in governance, incentives, and access to protocol features. The DAM tokens can be utilized to access some functionalities of the Reservoir protocol, such as access to staking programs and access to future financial products and services in the ecosystem.
How Does the Reservoir ($DAM) Airdrop on Binance Work?
Binance announced the exchange will open Binance Alpha trading for Reservoir ($DAM) on August 18, 2025, 11.00 AM (UTC) and launch DAMUSDT perpetual futures trading on 12.30 PM (UTC) the same day, with up to 50x leverage.
Binance Alpha will also offer an exclusive airdrop to qualified users to mark the release. To claim their airdrop rewards, users will have to redeem their Binance Alpha Points, a type of gamified reward that users get through using the platform, on the Binance Alpha Events page.
The claim window will coincide with launching the spot trading to 11:00 AM UTC on August 18 and remain open exactly one day or 24 hours after it, at 11:00 AM UTC on August 19.
How To Claim the $DAM Airdrop
Any eligible Binance user who would like to participate in receiving the DAM airdrop must make sure they have accumulated enough Alpha points by performing tasks on Binance Alpha. Specifically, the process is controlled through Alpha Events in the Binance app.
Qualified users will need to claim the airdrop within a 24-hour period that starts on August 18, at 11:00 AM (UTC). Please note that the airdrop is based on a first-come, first-served basis. This means that those who apply first will claim the allocated $DAM tokens for this airdrop ahead of those who apply later. To learn how the Binance Alpha airdrop system works, read our Sidekick (K) Airdrop review.
Conclusion
Reservoir ($DAM) token airdrop and listing on Binance Alpha is a thrilling event for DeFi. The launch of the ground-breaking stablecoin project on one of the most popular platforms in the world could be the launchpad that Reservoir needs to take off.
To DeFi enthusiasts and traders, the launch should serve as a rare chance to access the new promising protocol early and take part in yield-bearing stablecoin solutions that are expected to scale globally with diversified assets backing.
