MXC will launch the 35th session "MX DeFi" on March 5. The details are as follows.
The 35th Session "MX DeFi" - Stake USDT, MX, BTC to Earn Yield of Secret (SCRT)
The 35th session of "MX DeFi" Yield Mining is coming. Users can stake USDT, MX, BTC to earn liquidity yield of Secret (SCRT). The staking period will last 3 days. The details are as follow:
1. Activity starting time: 14:00, March 5 (UTC+8), 2021
2. Staking period: March 5 - March 7 (3 days in total)
3. Staking coins and yield allocation:
USDT: no hard cap; a total of 2,500 SCRT liquidity yield (40% of the yield pool)
MX: no hard cap; a total of 1,500 SCRT liquidity yield (30% of the yield pool)
BTC: no hard cap; a total of 1,000 SCRT liquidity yield (20% of the yield pool)
4. Participation method:
Login MXC website > "MX DeFi" > find relevant product to join
MXC APP > Homepage > "MX DeFi" > find relevant product to join
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 MX to earn MIMO, the yield supply of T day is 1140 SCRT 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) * 1140 SCRT = 22.8 SCRT
1. Entry standard: 1 USDT, 0.001 BTC, 10MX 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 the user's account on the next day.
(The information is provided by the project party. It is for reference only.)
Project Name: Secret (SCRT)
Official Website: https://scrt.network/
Block explorer: https://secretnodes.com/
Secret Network is a decentralized network of computers (secret nodes) that utilize trusted execution environments (TEEs) to enable secure, private computation over encrypted data. The Secret Network blockchain itself is based on Cosmos SDK / Tendermint, meaning the network has its own independent consensus, on-chain governance, and features like slashing and delegation. It is secured by the native coin Secret (SCRT), which must be staked by network validators and is used for transaction fees as well as governance.
Cryptocurrency investment is subject to high market risk. Please make your investments cautiously. MXC Exchange will make best efforts to choose high-quality coins, but will not be responsible for your investment losses.