EdgeSwap To Launch A MX DeFi Yield Mining On MEXC Global
The EdgeSwap team will launch a session of “MX DeFi” to enable mining on EGS tokens from April 07 to April 08.
Throughout the campaign, users can stake MX and EGS to earn liquidity yield on EGS. The staking period will last 2 days. Details are as follows:
- Campaign start time: 2022-04-07 03:00 (UTC)
- Staking period: 2022-04-07 03:00 – 2022-04-08 16:00 (UTC)
The total yield pool includes 400,000 EGS tokens. Hard cap and allocation details to each staking crypto asset are as follows:
- MX: no hard cap; a total of 400,000 EGS liquidity yield (100% of the yield pool)
Ways to participate:
- Through MEXC.com: Login into MEXC.com > select “Finance” > “MX DeFi” > find “Stake to mine EGS” to join
- Through MEXC App: Login through MEXC App’s homepage > find “MX DeFi” > find “Stake to mine EGS” 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 stake 10,000 MX to earn EGS, the yield supply of T day is 133,333 EGS 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) * 133,333 EGS = 2,666 EGS
Note:
- Minimum Entry Requirement: 10 MX;
- 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 EdgeSwap
EdgeSwap is an Ethereum-based Layer 2 trading protocol that adopts the ZK Rollup technology. With the industry’s top-grade hardware acceleration solution and circuit optimization system, EdgeSwap provides the market with high-performance, cost-effective swapping and farming services. At the same time, it protects users’ assets and privacy through the highest level of security among layer 2 scaling solutions.
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.
