MEXC Exclusive: Caduceus Metaverse Protocol (CMP) MX DeFi is Launching!
Dear users,
Exciting News! To celebrate the launch of CMP on MEXC, the Caduceus Metaverse Protocol team will host MX DeFi Yield Mining activity exclusively for MEXC users. There will be a total of 31,800 CMP up for grabs!
"MX DeFi" - Stake MX and CMP to Earn Yield of CMP
Users can stake their MX and CMP to earn a liquidity yield of CMP over 3 days. Specific details are as below.
- Event starting time: 2022-07-25 12:00 (UTC)
- Staking period: 2022-07-25 12:00 - 2022-07-27 16:00 (UTC)
- Staking tokens and yield allocation:
MX: no hard cap; a total of 25,440 CMP liquidity yield (80% of the yield pool)
CMP: no hard cap; a total of 6,360 CMP 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 stakes 10,000 MX to earn CMP, the yield supply of T day is 8,480 CMP 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) * 8,480 CMP = 169.6 CMP
Note:
- Entry standard: 10 MX, 15 CMP
- If users join staking on T day, users can unlock the coin on the T+1 day;
- The yield is calculated daily and distributed to the user's account the next day.
For more information regarding the M-Day event and project introduction of Caduceus Metaverse Protocol, please refer to:
MEXC New M-Day - Caduceus Metaverse Protocol (CMP) is Launching
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The MEXC Team
25 July 2022