YuzuSwap Will Launch MX DeFi Mining Session On MEXC Global
The YuzuSwap team will launch a session of “MX DeFi” to enable mining on YUZU tokens from April 24 to April 26. Throughout the campaign, users can stake MX and YUZU to earn liquidity yield on YUZU. The staking period will last 3 days. Details are as follows:
- Campaign start time: 2022-04-24 10:00 (UTC)
- Staking period: 2022-04-24 10:00 – 2022-04-26 16:00 (UTC)
The total yield pool includes 514,092 YUZU tokens. Hard cap and allocation details to each staking crypto asset are as follows:
- MX: no hard cap; a total of 411,274 YUZU liquidity yield (80% of the yield pool)
- YUZU: no hard cap; a total of 102,818 YUZU 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 YUZU” to join
- Through MEXC App: Login through MEXC App’s homepage > find “MX DeFi” > find “Stake to mine YUZU” 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 YUZU, the yield supply of T day is 137,091 YUZU 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) * 137,091 YUZU = 2,741 YUZU
Note:
- Minimum Entry Requirement: 10 MX and 50 YUZU 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 YuzuSwap
YuzuSwap is the first Decentralized Exchange (DEX) built on Emerald, Oasis’ EVM Compatible ParaTime. Taking advantage of the low gas fees, high throughput, and instant finality of Emerald.
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.
