The THORWallet DEX Team To Launch A MX DeFi Mining Session On MEXC Global

Published on: 18.05.2022
The THORWallet DEX Team

The THORWallet DEX Team will host MX Defi Yield Mining activity exclusively for MEXC users. There will be a total of 1,425,000 TGT up for grabs.

“MX DeFi” – Stake MX and TGT to Earn Yield of TGT

Users can stake their MX and TGT to earn a liquidity yield of TGT over 4 days. Specific details are as below.

  1. Event starting time: 2022-05-20 08:00 (UTC)
  2. Staking period: 2022-05-20 08:00 – 2022-05-23 16:00 (UTC)
  3. Staking tokens and yield allocation:

MX: no hard cap; a total of  1,140,000  TGT liquidity yield (80% of the yield pool)

TGT: no hard cap; a total of 285,000 TGT liquidity yield (20% of the yield pool)

  1. 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”

  1. 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 TGT, the yield supply of T day is 285,000 TGT 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) * 285,000 TGT = 5,700 TGT

Note:

  1. Entry standard: 10 MX, 1,000 TGT
  2. If users join staking on T day, users can unlock the coin on the T+1 day;
  3. The yield is calculated daily and distributed to the user’s account the next day.

About THORwallet DEX

THORwallet DEX is the one stop shop app for the masses to take part in decentralized finance.

It is a non-custodial wallet that gives you full control over your keys with an integrated cross-chain Dex that allows to swap native L1 coins across different blockchains with no intermediary. This enables swaps for unwrapped BTC vs ETH vs LTC vs BUSD etc. At the same time the app includes earn functionalities like liquidity pooling or savings account. Again non-custodial, pure DeFi.

Website | Twitter |

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.

Website | Twitter |

Source

Market Stats:
BTC Dominance: 52.41%(+0.67%/24h)
ETH Dominance: 16.6%(-0.19%/24h)
Defi Market Cap: $100.67B(+25.55%/24h)
Total Market Cap: $2468.33B(-4.07%/24h)
Total Trading Volume 24h: $145.65B(+8.82%/24h)
ETH Market Cap: $409.53B
Defi to ETH Ratio: 24.58%
Defi Dominance: 3.89%
Altcoin Market Cap: $1174.8B
Altcoin Volume 24h: $93.99B
Total Cryptocurrencies: 28489
Active Cryptocurrencies: 9118
Active Market Pairs: 74566
Active Exchanges: 730
Total Exchanges: 8112
BTC: 65869.37$(-0.17%/1H)
ETH: 3414.36$(0.71%/1H)
AVAX: 57.94$(0.01%/1H)
BNB: 535.21$(0.44%/1H)
MATIC: 0.99$(0.63%/1H)
FTM: 0.88$(0.19%/1H)
ADA: 0.63$(0.53%/1H)
DOT: 9.45$(0.89%/1H)
UNI: 11.41$(0.6%/1H)
CAKE: 3.79$(0.6%/1H)
SUSHI: 1.63$(1.57%/1H)
ONE: 0.03$(1.43%/1H)