MEXC Global “MX DeFi” Yield Mining With Paycer Protocol
“MX DeFi” – Stake MX and PCR to Earn Yield of PCR
The Paycer Protocol (PCR) team will host MX Defi Yield Mining activity exclusively for MEXC users. There will be a total of 1,810,000 PCR up for grabs!
Users can stake their MX and PCR to earn a liquidity yield of PCR over 4 days. Specific details are as below.
- Event starting time: 2022-02-28 12:00 (UTC)
- Staking period: 2022-02-28 12:00 – 2022-03-03 16:00 (UTC)
- Staking tokens and yield allocation:
• MX: no hard cap; a total of 1,448,000 PCR liquidity yield (80% of the yield pool)
• PCR: no hard cap; a total of 362,000 PCR 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 Now”
• APP: Find “MX DeFi” on the homepage to enter the event page – Select “Staking Now”
- 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 PCR, the yield supply of T day is 482,666 PCR 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) * 482,666 PCR = 9,653.33 PCR
Note:
- Entry standard: 10 MX, 500 PCR
- 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 Paycer
Paycer is a bridge protocol that aggregates DeFi and crypto services cross-chain and combines them with TradFi to create new user-friendly financial products and services available on an easy to use platform.
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.
