“MX DeFi” — Stake MX and MESA to Earn Yield of MESA

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

• 1.Event starting time: 2022–04–25 10:00 (UTC)
• 2.Staking period: 2022–04–25 10:00–2022–04–27 16:00 (UTC)
• 3.Staking tokens and yield allocation:
• MX: no hard cap; a total of 468,000 MESA liquidity yield (80% of the yield pool)
• MESA: no hard cap; a total of 117,000 MESA 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 stake 10,000 MX to earn MESA, the yield supply of T day is 156,000 MESA 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) * 156,000 MESA = 3,120 MESA

Note:

1. 1.Entry standard: 10 MX, 300 MESA
2. 2.If users join staking on T day, users can unlock the coin on the T+1 day;
3. 3.The yield is calculated daily and distributed to the user’s account the next day.

This process is the same as what it has posted here.

ABOUT Metavisa
MetaVisa is a Metaverse Credit System Based on the Blockchain Data.

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ABOUT MEXC Global
MEXC Global is a centralized exchange that employs a high-performance mega-transaction matching technology

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RESOURCES
Medium

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