MEXC Global “MX DeFi” Yield Mining With Shambala
The Shambala (BALA) team will host MX Defi Yield Mining activity exclusively for MEXC users. There will be a total of 800,000,000,000 BALA up for grabs!
“MX DeFi” – Stake MX and BALA to Earn Yield of BALA
Users can stake their MX and BALA to earn a liquidity yield of BALA over 3 days. Specific details are as below.
- Event starting time: 2022-02-09 13:00 (UTC)
- Staking period: 2022-02-09 13:00 – 2022-02-11 16:00 (UTC)
- Staking tokens and yield allocation:
MX: no hard cap; a total of 640,000,000,000 BALA liquidity yield (80% of the yield pool)
BALA: no hard cap; a total of 160,000,000,000 BALA liquidity yield (20% of the yield pool)
- Participation method:
Web: Log in to the MEXC official website – Find “Earn“ on the Navigation Bar – Click “MX DeFi” to enter the event page — Select “Staking”
APP: Find “MX DeFi” on the homepage to enter the event page – Select “Staking”
- 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 BALA, the yield supply of T day is 213,333,333,333 BALA for MX pool, and the total staking value of T day (snapshot taking on T+1 day) is 500,000 MX, User A can earn a yield of:
(10,000 / 500,000) * 213,333,333,333 BALA = 4,266,666,667 BALA
Note:
- Entry standard: 10 MX, 300,000,000 BALA
- If users join staking on T day, users can unlock the coin on the T+1 day;
- The yield is calculated daily and distributed to the user’s account the next day.
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.
