MXC Exchange 56th Session Of MX DeFi For OCC Occam Finance is Now LIVE!
MXC Exchange 56th Session Of MX DeFi For OCC Occam Finance is Now LIVE!The 56th Session “MX DeFi” – Stake MX and USDT to Earn Yield OCC
MXC will launch the 56th “MX DeFi” Session to enable mining on OCC tokens from May 19th to May 22nd. Throughout the campaign, users can stake MX and USDT to earn liquidity yield on OCC. The staking period will last 4 days. Details as follows:
1. Campaign start time: 10:00 (UTC+8) May 19th
2. Staking period: May 19th to May 22nd
3. The total yield pool includes 1,300 OCC tokens. Hard cap and allocation details to each staking crypto asset are as follows:
MX: no hard cap; a total of 910 OCC liquidity yield (70% of the yield pool)
USDT: no hard cap; a total of 390 OCC liquidity yield (30% of the yield pool)
4. Ways to participate:
a). Through MXC.com: Login into MXC.com > select “MX DeFi” > in the Launchpool, find “Stake to mine OCC” to join
b). Through MXC App: Login through MXC App’s homepage > find “MX DeFi” > find “Stake to mine OCC” to join
5. 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 stakes 10,000 MX to earn OCC, the yield supply of T day is 227.5 OCC 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) * 227.5 OCC = 4.55 OCC
Note:
1. Minimum Entry Requirement: 1 USDT and 10 MX respectively respectively
2. If a user join staking on day T, he/she can unlock the stake token on day T+1;
3. The yield is calculated daily, and will be distributed to the user’s account on the next day.
Source:
https://support.mxc-exchange.com/hc/en-001/articles/1260806104329
