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 11th session of "MX DeFi" Yield Mining, users can stake USDT, BTC or ETH to earn liquidity yield of BoringDAO (BOR). The details are as follows:
1. Staking period: 4 days from Nov.16 to Nov.19
2. Staking coins and yield allocation:
- USDT: no hard cap; a total of 33.94 BOR liquidity yield (50% of the yield pool)
- BTC: no hard cap; a total of 16.97 BOR liquidity yield (25% of the yield pool)
- ETH: no hard cap; a total of 16.97 BOR liquidity yield (25% of the yield pool)
3. Login MXC website > "PoS Pool" > "MX DeFi" > find relevant product to join
MXC APP > Homepage > "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 BOR, the yield supply of T day is 5,000 BOR 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 BOR = 100 BOR
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.
Listing schedule of BoringDAO (BOR)
It will be informed in our follow-up announcement.
Project Name: BoringDAO (BOR)
Official website: https://www.boringdao.com/
Private sale time: Oct.10, 2020
Private price: 80 USDT
Brief introduction: BoringDAO is a decentralized bridge that connects all blockchain assets, we offer users a safe way to maximize their utilization rate of crypto assets.
Find us on:
MXC trading: https://t.me/MXCtrade
Register an account of MXC here:
Enjoying your trade on MXC.
The MXC team
November 16, 2020