Lucretius “MX DeFi” Mining On MEXC Global
The Lucretius team will launch a session of “MX DeFi” to enable mining on LUC tokens from April 18th to April 22nd. Throughout the campaign, users can stake MX and LUC to earn liquidity yield on LUC. The staking period will last 5 days. Details are as follows:
- Campaign start time: 2022-04-18 03:00 (UTC)
- Staking period: 2022-04-18 03:00 – 2022-04-22 16:00 (UTC)
The total yield pool includes 1,666,666 LUC tokens. Hard cap and allocation details to each staking crypto asset are as follows:
• MX: no hard cap; a total of 1,333,333 LUC liquidity yield (80% of the yield pool)
• LUC: no hard cap; a total of 333,333 LUC 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 LUC” to join
b). Through MEXC App: Login through MEXC App’s homepage > find “MX DeFi” > find “Stake to mine LUC” 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 LUC, the yield supply of T day is 266,666.6 LUC 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) * 266,666.6 LUC = 5,333.33 LUC
Note:
- Minimum Entry Requirement: 10 MX and 200 LUC 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 Lucretius
Lucretius is a fully decentralized metaverse web-based game that is filled with endless fun and adventure. It is an exciting new complex where you can connect with other users, make new friends, participate in community events, win contests, exchange NFTs at the marketplace, and many other fun activities.
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.
