The Interlay Team MX DeFi Mining Session On MEXC Global
MEXC Exclusive: Interlay (INTR) MX Defi
The Interlay team will launch a session of “MX DeFi” to enable mining on INTR tokens from July 07 to July 09.
Throughout the campaign, users can stake MX and INTR to earn liquidity yield on INTR. The staking period will last 3 days. Details are as follows:
- Campaign start time: 2022-07-07 08:00 (UTC)
- Staking period: 2022-07-07 08:00 – 2022-07-09 16:00 (UTC)
The total yield pool includes 274,763 INTR tokens. Hard cap and allocation details to each staking crypto asset are as follows:
- MX: no hard cap; a total of 219,810 INTR liquidity yield (80% of the yield pool)
- INTR: no hard cap; a total of 54,953 INTR 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 INTR” to join
- Through MEXC App: Login through MEXC App’s homepage > find “MX DeFi” > find “Stake to mine INTR” 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 INTR, the yield supply of T day is 73,270 INTR 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) * 73,270 INTR = 1,465.4 INTR
Note:
- Minimum Entry Requirement: 10 MX and 50 INTR 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 Interlay
Interlay is a decentralized network dedicated to connecting crypto-currencies like Bitcoin with DeFi platforms like Polkadot and Ethereum. The Interlay network is hosted as a Polkadot parachain and will be connected to Cosmos, Ethereum and other major DeFi networks.
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.
