MXC has upgraded the "DeFi Yield Mining" to "MX DeFi" program. Users can stake MX, USDT, ETH or other designated coins on MX DeFi to earn liquidity yield. The yield amount will be calculated based on the proportion between user's staking value and the total staking value.
In the 9th session of "MX DeFi", users can stake USDT, BTC or ETH to earn liquidity yield of Loon Network (LOON). The details are as follows:
1. Staking period: 5 days from Oct.23 to Oct.27
2. Staking coins and yield allocation:
- USDT: no hard cap; a total of 25,000 LOON liquidity yield (50% of the yield pool)
- BTC: no hard cap; a total of 12,500 LOON liquidity yield (25% of the yield pool)
- ETH: no hard cap; a total of 12,500 LOON liquidity yield (25% of the yield pool)
3. Login MXC website > "PoS Pool" > "MX DeFi" > find relevant product to join
(Users can directly click the link here to join: https://www.mxc.ai/mx-defi/list)
4. 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 USDT to earn LOON, the yield supply of T day is 5,000 LOON for USDT pool, and the total staking value of T day (snapshot taking on T+1 day) is 500,000 USDT, then, User A can earn a yield of:
(10,000 / 500,000) * 5,000 LOON =100 LOON
1. Entry standard: 1 USDT, 0.001 BTC, 0.01 ETH respectively
2. If a users join staking on T day, he/she can unlocking the coin on the T+1 day;
3. The yield is calculated daily, and will be distributed to user's account on the next day.
LOON Listing Schedule
1. Deposit & withdrawal: Opened
2. LOON/USDT trading will be opened at 15:00 (UTC+8), Oct.24
Project brief introduction:
LoonNetwork aims to establish a decentralized cross-chain lending network. The task of this network is to provide basic network support for data exchange, credit exchange, and asset interconnection between blockchains.
Find us on:
MXC trading: https://t.me/MXCtrade
Register an account of MXC here:
Enjoying your trade on MXC.
The MXC team
October 23, 2020