MEXC Global “MX DeFi” Yield Mining With Idavoll DAO
“MX DeFi” – Stake MX and IDV to Earn Yield of IDV
The Idavoll DAO team will launch a session of “MX DeFi” to enable mining on IDV tokens from March 01 to March 03. Throughout the campaign, users can stake MX and IDV to earn liquidity yield on IDV. The staking period will last 3 days. Details are as follows:
- Campaign start time: 2022-03-01 10:00 (UTC)
- Staking period: 2022-03-01 10:00 – 2022-03-03 16:00 (UTC)
The total yield pool includes 3,500,000 IDV tokens. Hard cap and allocation details to each staking crypto asset are as follows:
• MX: no hard cap; a total of 2,800,000 IDV liquidity yield (80% of the yield pool)
• IDV: no hard cap; a total of 700,000 IDV liquidity yield (20% of the yield pool)
Ways to participate:
a). Through MEXC.com: Login into MEXC.com > select “Earn” > “MX DeFi” > find “Stake to mine IDV ” to join
b). Through MEXC App: Login through MEXC App’s homepage > find “MX DeFi” > find “Stake to mine IDV ” 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 IDV, the yield supply of T day is 933,333 IDV 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) * 933,333 IDV = 18,666 IDV
Note:
- Minimum Entry Requirement: 10 MX and 500 IDV respectively;
- If a user joins staking on day T, he/she can unlock the staking token on day T+1;
- The yield is calculated daily and will be distributed to the user’s account on the next day.
About Idavoll DAO
Idavoll DAO is a Decentralized Autonomous Organization (DAO) management service provider that unpacks necessary infrastructure and services, to enable better project/user communication and management, that includes DAO creation and management toolbox, court, investment concurrent resolution and social discussion panel.
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.
