MEXC Global “MX DeFi” Yield Mining With GridZone
The GridZone.io (ZONE) team will host MX Defi Yield Mining activity exclusively for MEXC Global users. There will be a total of 16,500 ZONE up for grabs!
“MX DeFi” – Stake MX and ZONE to Earn Yield of ZONE
Users can stake their MX and ZONE to earn a liquidity yield of ZONE over 3 days. Specific details are as below.
- Event starting time: 2022-01-24 10:00 (UTC)
- Staking period: 2022-01-24 10:00 – 2022-01-26 16:00 (UTC)
- Staking tokens and yield allocation:
MX: no hard cap; a total of 13,200 ZONE liquidity yield (80% of the yield pool)
ZONE: no hard cap; a total of 3,300 ZONE liquidity yield (20% of the yield pool)
- Participation method:
Log in to MEXC website > “MX DeFi” > find relevant product to join
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 ZONE, the yield supply of T day is 4,400 ZONE 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) * 4,400 ZONE = 88 ZONE
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.
