MEXC Global “MX DeFi” Yield Mining With BiFi
MEXC Global will launch the “MX DeFi” Yield Mining with BiFi. February 07 to February 09. Throughout the campaign, users can stake MX and BIFI to earn liquidity yield on BIFI. The staking period will last 3 days. Details are as follows:
- Campaign start time: 2022-02-07 10:00 (UTC)
- Staking period: 2022-02-07 10:00 – 2022-02-09 16:00 (UTC)
The total yield pool includes 850,000 BIFI tokens. Hard cap and allocation details to each staking crypto asset are as follows:
MX: no hard cap; a total of 680,000 BIFI liquidity yield (80% of the yield pool)
BIFI : no hard cap; a total of 170,000 BIFI liquidity yield (20% of the yield pool)
Ways to participate:
a). Through MEXC.com: Login into MEXC.com > select “Earn” > “MX DeFi” > find “Stake to mine BIFI” to join
b). Through MEXC App: Login through MEXC App’s homepage > find “MX DeFi” > find “Stake to mine BIFI” 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 stakes 10,000 MX to earn BIFI, the yield supply of T day is 226,666 BIFI for MX pool, and the total staking value of T day (snapshot taking on T+1 day) is 500,000 MX, then, User A can earn a yield of:
(10,000 / 500,000) * 226,666 BIFI = 4,533 BIFI
About BiFi
BiFi is a multichain lending DeFi platform powered by Bifrost’s multichain technology not only Ethereum based tokens, but also other tokens from different blockchains such as Bitcoin, BSC, Avalanche, and Klaytn. Also BiFi offers a multichain wallet, Biport, allowing users to manage cryptocurrencies scattered across different blockchains all in one screen.
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.
