Hawksight To Launch MX DeFi Mining Session On MEXC Global
The Hawksight team will launch a session of “MX DeFi” to enable mining on HAWK tokens from April 21 to April 23.
Throughout the campaign, users can stake MX and HAWK to earn liquidity yield on HAWK. The staking period will last 3 days. Details are as follows:
- Campaign start time: 2022-04-21 10:00 (UTC)
- Staking period: 2022-04-21 10:00 – 2022-04-23 16:00 (UTC)
The total yield pool includes 2,500,000 HAWK tokens. Hard cap and allocation details to each staking crypto asset are as follows:
- MX: no hard cap; a total of 2,000,000 HAWK liquidity yield (80% of the yield pool)
- HAWK: no hard cap; a total of 500,000 HAWK liquidity yield (20% of the yield pool)
Ways to participate:
- Through MEXC.com: Login into MEXC.com > select “Finance” > “MX DeFi” > find “Stake to mine HAWK” to join
- Through MEXC App: Login through MEXC App’s homepage > find “MX DeFi” > find “Stake to mine HAWK” 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 HAWK, the yield supply of T day is 666,667 HAWK 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) * 666,667 HAWK = 13,333 HAWK
Note:
- Minimum Entry Requirement: 10 MX and 400 HAWK 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 Hawksight
Hawksight is a DeFi super-app for Everyone. Simply deposit USDC to automate DeFi strategies and earn profit-optimized yield on Solana & Terra. Or make smarter investment decisions using our super-app’s AI-driven trading signals, social signals, DeFi-NFTs, and GameFi utilities. Hawksight is backed by Solana Ventures & Terraform Labs.
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.
