Topic: Stake LTC, MX, BTC, or ETH to Earn Yield of BambooDeFi(Bamboo) (Read 95 times)

Users can stake LTC, MX, BTC, or ETH to earn liquidity yield of BambooDeFi(Bamboo) on MXC exchangemxc.com. The staking period will last 6 days. The details are as follow:

Activity starting time: 11:30 January 24th(UTC+8), 2021. The activity page will be online at the same time.
Staking period: January 24th - January 29th(6 days in total)
Staking coins and yield allocation:
LTC: no hard cap; a total of  10,850  BAMBOO  liquidity yield (35% of the yield pool)
MX: no hard cap; a total of 7,755 BAMBOO liquidity yield (25% of the yield pool)
BTC: no hard cap; a total of 6,200 BAMBOO liquidity yield (20% of the yield pool)
ETH: no hard cap; a total of 6,200 BAMBOO liquidity yield (20% of the yield pool)

Participation method:
   Login MXC website > "MX DeFi" > find relevant product to join
   MXC APP > Homepage > "MX DeFi" > find relevant product to join

Liquidity yield calculation (daily):
User's daily yield amount = (User's staking value / total staking value) * Yield supply of the day

For example: Suppose user A stake 10,000 MX to earn Bamboo, the yield supply of T day is 1400 Bamboo for MX pool, and the total staking value of T day (snapshot taking on T+1 day) is 500,000 MX, then, User A can earn a yield of:

(10,000 / 500,000) * 1400 Bamboo = 28Bamboo

Note:

Entry standard: 10MX, 0.01ETH, 0.001 BTC, 0.01LTC  respectively
If a users join staking on T day, he/she can unlock the coin on the T+1 day;
The yield is calculated daily and will be distributed to the user's account on the next day.