MEXC Global Launching A New “MX DeFi” With Egoras Credit
MEXC will launch a new “MX DeFi” Session to enable mining on EGC tokens from December 10 to December 12. Throughout the campaign, users can stake MX and BIT to earn liquidity yield on EGC. The staking period will last 3 days.
“MX DeFi” – Stake MX and BIT to Earn Yield of EGC
- Campaign start time: 2021-12-10 02:00 (UTC)
- Staking period: 2021-12-10 02:00 – 2021-12-12 16:00 (UTC)
The total yield pool includes 350 EGC tokens. Hard cap and allocation details to each staking crypto asset are as follows:
MX: no hard cap; a total of 280 EGC liquidity yield (80% of the yield pool)
BIT: no hard cap; a total of 70 EGC liquidity yield (20% of the yield pool)
Ways to participate:
a). Through MEXC.com: Login into MEXC.com > select “Finance” > “MX DeFi” > find “Stake to mine EGC” to join
b). Through MEXC App: Login through MEXC App’s homepage > find “MX DeFi” > find “Stake to mine EGC” to join
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 EGC, the yield supply of T day is 93.33 EGC 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) * 93.33 EGC = 1.86 EGC
About MEXC
MXC Exchange is an exchange platform focusing on cryptocurrency assets, founded by some senior practitioner in blockchain industry and specialists from Wall Street, Japan, and Europe. MXC offers safer, smarter, and more convenient exchange services, together with selected blockchain asset, safety insurance, dedicated to building a world-leading cryptocurrency exchange platform.
