The Caduceus Metaverse Protocol MX DeFi Mining Session On MEXC Global
Caduceus Metaverse Protocol (CMP) MX DeFi is Launching
The Caduceus Metaverse Protocol team will host MX DeFi Yield Mining activity exclusively for MEXC users. There will be a total of 31,800 CMP up for grabs!
“MX DeFi” – Stake MX and CMP to Earn Yield of CMP
Users can stake their MX and CMP to earn a liquidity yield of CMP over 3 days. Specific details are as below.
- Event starting time: 2022-07-25 12:00 (UTC)
- Staking period: 2022-07-25 12:00 – 2022-07-27 16:00 (UTC)
- Staking tokens and yield allocation:
MX: no hard cap; a total of 25,440 CMP liquidity yield (80% of the yield pool)
CMP: no hard cap; a total of 6,360 CMP liquidity yield (20% of the yield pool)
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”
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 stakes 10,000 MX to earn CMP, the yield supply of T day is 8,480 CMP 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) * 8,480 CMP = 169.6 CMP
Note:
- Entry standard: 10 MX, 15 CMP
- If users join staking on T day, users can unlock the coin on the T+1 day;
- The yield is calculated daily and distributed to the user’s account the next day.
About Caduceus
Caduceus is the blockchain solution for the metaverse. The project is an infrastructure-level open blockchain platform specially built for the metaverse and the decentralized digital world.
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.
