PlayMining MX DeFi Yield Mining On MEXC Global
The PlayMining “MX DeFi” Yield Mining is here! Users can stake their MX and DEP to earn a liquidity yield of DEP over 3 days. There will be a total of 2,991,200 DEP staking rewards up for grabs.
Specific details are as below:
- Event starting time: 2022-04-06 11:00 (UTC)
- Staking period: 2022-04-06 11:00 to 2022-04-08 16:00 (UTC)
- Staking tokens and yield allocation:
MX: no hard cap; a total of 2,392,960 DEP liquidity yield (80% of the yield pool)
DEP: no hard cap; a total of 598,240 DEP 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 DEP, the yield supply of T day is 797,653.33 DEP 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) * 797,653.33 DEP = 15,953.07 DEP
Note:
- Entry standard: 10 MX, 300 DEP
- 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 PlayMining
PlayMining is the leading NFT game platform of the global GameFi (Game-based Decentralized Finance) industry. Launching on May 26th, 2020 as the world’s first Play to Earn token economy, the service now has over 2 million players from 100 countries.
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.
