The ArthSwap Team MX DeFi Mining Session On MEXC Global

Published on: 04.07.2022
The ArthSwap Team

ArthSwap (ARSW) MX Defi is Launching!

The ArthSwap team will host MX Defi Yield Mining activity exclusively for MEXC users. There will be a total of 1,700,000 ARSW up for grabs!

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

Users can stake their MX and ARSW to earn a liquidity yield of ARSW over 3 days. Specific details are as below.

  1. Event starting time: 2022-07-04 08:00 (UTC)
  2. Staking period: 2022-07-04 08:00 – 2022-07-06 16:00 (UTC)
  3. Staking tokens and yield allocation:
  • MX: no hard cap; a total of  1,360,000 ARSW liquidity yield (80% of the yield pool)
  • ARSW: no hard cap; a total of  340,000  ARSW 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 ARSW, the yield supply of T day is 453,333.33 ARSW 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) * 453,333.33  ARSW = 9,066.66 ARSW

Note:

  1. Entry standard: 10 MX or 1,500 ARSW
  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 ArthSwap

ArthSwap is a one-stop Defi protocol aiming to become a leading DEX on Astar Network. Its main functions are going to be swapping, staking, liquidity mining & IDO platform, and they will have more functions on the way!

They focus on growth in the Astar Network ecosystem and are willing to optimize all the elements for Astar, so we consider ourselves as an “Astar-native” dApp. ArthSwap to Astar is what Trader Joe is to Avalanche, what Quickswap is to Polygon, and what Uniswap is to Ethereum!

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 |

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