Since the net value of leveraged ETF product YFI3S is lower than 0.05 USDT, it triggers the Share Merging Mechanism. As such, MXC will merge the shares of YFI3S at 14:00 (UTC+8), September 27.
The 10 shares of YFI3S will be merged into 1 share. Consequently, the net value per share of YFI3S will be up 10 times, while the user's holding amount will be down to 1/10. In this connection, the user’s total asset will stay the same after the merging.
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The MXC team
September 27, 2020