MEXC Global “Mx Defi” With WAGMI
MEXC Global will launch a session of “MX DeFi” to enable mining on WAGMI. Users can stake their MX and WAGMI to earn a liquidity yield of WAGMI over 3 days. There will be a total of 109 WAGMI staking rewards up for grabs!
Specific details are as below. :
- Event starting time: 2021-12-18 12:00 (UTC)
- Staking period: 2021-12-18 12:00 (UTC) – 2021-12-20 16:00 (UTC)
- Staking tokens and yield allocation:
MX: no hard cap; a total of 87 WAGMI liquidity yield (80% of the yield pool).
WAGMI: no hard cap; a total of 22 WAGMI liquidity yield (20% of the yield pool)
- Participation method:
Log in to MEXC website > “MX DeFi” > find relevant product to join
Log in to MEXC APP > Homepage > “MX DeFi” > find relevant product 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 WAGMI, the yield supply of T day is 29 WAGMI 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) * 29 WAGMI = 0.58 WAGMI
About WAGMI
WAGMI is an algorithmic reserve currency protocol running on top of Harmony’s blazingly fast blockchain with 2-second finality and low transaction fees.
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.
