To commemorate the launch of CMP on MEXC, the Caduceus Metaverse Protocol team will host an exclusive MX DeFi Yield Mining activity for MEXC users. A total of 31,800 CMP will be available!
"MX DeFi" - Stake MX and CMP to Earn CMP Yield
Users can stake their MX and CMP for a CMP liquidity yield over three days. The specifics are as follows.
Event starting time: 2022-07-25 12:00 (UTC)
Staking period: 2022-07-25 12:00 - 2022-07-27 16:00 (UTC)
Staking tokens and yield allocation:
MX: no hard cap; a total of 25,440 CMP liquidity yield (80% of the yield pool)
CMP: no hard cap; a total of 6,360 CMP liquidity yield (20% of the yield pool)
Participation method:
Web: Log in to the MEXC official website – Find "Earn" on the Navigation Bar – Click "MX DeFi"（https://www.mexc.com/mx-defi） to enter the event page — Select "Staking"
APP: Find "MX DeFi" on the homepage to enter the event page – Select "Staking”
Calculation of daily liquidity yield: User's daily yield amount = (User's staking value/total staking value) * Yield supply of the day
As an example: If User A stakes 10,000 MX to earn CMP, the yield supply of T day is 8,480 CMP for MX pool, and the total staking value of T day (snapshot taken on T+1 day) is 500,000 MX, User A can earn:
(10,000 / 500,000) * 8,480 CMP = 169.6 CMP
Note:
Entry requirements: 10 MX, 15 CMP
If users start staking on T day, they will be able to unlock the coin on T+1 day; the yield is calculated daily and distributed to the user's account the following day.
Topic: Caduceus Metaverse Protocol (CMP) MX DeFi is now available! (Read 23 times)
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