The VRES team will host MX Defi Yield Mining activity exclusively for MEXC users. There will be a total of 388,888 VRS up for grabs!

“MX DeFi” – Stake MX and VRS to Earn Yield of VRS

Users can stake their MX and VRS to earn a liquidity yield of VRS over 3 days. Specific details are as below.

1. Event starting time: 2022-06-29 08:00 (UTC)
2. Staking period: 2022-06-29 08:00 – 2022-07-01 16:00 (UTC)
3. Staking tokens and yield allocation:

MX: no hard cap; a total of 311,110  VRS liquidity yield (80% of the yield pool)

VRS: no hard cap; a total of 77,778 VRS liquidity yield (20% of the yield pool)

4. 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”

5. 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 VRS, the yield supply of T day is 103,703.33 VRS 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) * 103,703.33 VRS = 2,074.07 VRS

Note:

1. Entry standard: 10 MX, 200 VRS
2. If users join staking on T day, users can unlock the coin on the T+1 day;
3. The yield is calculated daily and distributed to the user’s account the next day.

About VRES

A healthcare blockchain platform that manages your own health data and allows you to M2E(move to earn).

VRES aims to find data sovereignty for personal data ownership that is not yet protected. And ultimately, we aim for the ecosystem of Web3.0. VRES is trying to create a new ecosystem by calculating the value of health data, establishing standards, and using Token to integrate it into systems such as data management, transaction, and measurement.

Website | Twitter |

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.

Website | Twitter |

Source

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