Meta Finance Will Be Launching A “MX DeFi” Yield Mining On MEXC Global
The MetaFinance team will launch a session of “MX DeFi” to enable mining on METAFI tokens from March 28 to March 30.
Throughout the campaign, users can stake MX and METAFI to earn liquidity yield on METAFI. The staking period will last 3 days. Details are as follows:
- Campaign start time: 2022-03-28 03:00 (UTC)
- Staking period: 2022-03-28 03:00 – 2022-03-30 16:00 (UTC)
The total yield pool includes 86 METAFI tokens. Hard cap and allocation details to each staking crypto asset are as follows:
MX: no hard cap; a total of 68.8 METAFI liquidity yield (80% of the yield pool)
METAFI: no hard cap; a total of 17.2 METAFI 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 METAFI” to join
b). Through MEXC App: Login through MEXC App’s homepage > find “MX DeFi” > find “Stake to mine METAFI” 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 METAFI, the yield supply of T day is 22.93 METAFI 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) * 22.93 = 0.458 METAFI
Note:
- Minimum Entry Requirement: 10 MX and 0.015 METAFI 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 MetaFinance
MetaFinance is a community-driven DeFi integrated business where income generated through our services is shared with token holders. MetaFinance includes multi-chain pools, DEX aggregator, DAO and NFT markets.
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.
