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How to Participate in MEXC 1st Session Margin DeFi Yield Mining?

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MEXC

Dear users:

MEXC has launched the innovative margin DeFi mining product, which enables users to loan USDT, BTC or ETH to earn yield of FIC token. Making loan will be deemed as participating in the DeFi Yield Mining. 

 

Step 1: Users who want to join the yield mining shall first register in the form below:

http://MEXCfutures.mikecrm.com/r93Jb2w 

  • Note: The yield mining period is 00:00, Oct. 24 - 24:00, Oct. 27 (UTC+8); a total of 4 days. After registeration, miners can join in any of the days.

 

Step 2: Let's have a look at the margin mining pools.

  1. USDT margin mining pool: no hard cap; total yield pool of 80,000 FIC, 20,000 FIC per day.
  2. BTC margin mining pool: no hard cap; total yield pool of 20,000 FIC, 5,000 FIC per day.
  3. ETH margin mining pool: no hard cap; total yield pool of 20,000 FIC, 5,000 FIC per day.

 

Step 3: Make loan of USDT, BTC or ETH to participate in the yield mining activity

Take loan USDT as an example. 

First, enter MEXC APP and find "Margin" on homepage and click to enter. Here we make loan from BTC/USDT margin pair. The 10x means 10 times leverage. See the pic. below:

mceclip0.png  mceclip1.png

Second, we shall transfer some USDT asset from spot accout to margin account by clicking "loan/repay" button. Then, click "Transfer". See the pic. below.

mceclip2.png  mceclip3.png

Third, when the USDT asset transfered, we can make the loan. The loan steps are: 1. return to the loan page and click "loan"; 2. enter loan amount and click "loan" to complete the loan process.

  • Note: The loan amount = the USDT principal * (Leverage times - 1). Suppose I transfered 10k USDT as principal, I can loan 90k from MEXC. 

mceclip4.png  mceclip5.png

In simple, after registration and making loan, you have participate in the yield mining successfully. 

  • Note: If you repay the loan soon after making it, there will be no mining yield. 

 

Join margin trading to enjoy additional reward

In addition to the mining yield reward, miners who join margin trading during the yield mining period can share 1.50% margin trading fees, 2.additional FIC token reward and 3.100 USDT margin trading voucher 4. 40% loan fee discount.

  1. Miners with margin trading volume no less than 1,000 USDT of the day during the yield mining period are eligible to share 50% of the margin trading fee from all miners of the day.
  2. All miners who have joined margin trading during the yield mining period can share an additional prize pool of 10,000 FIC in proportion to their margin trading volume respectively.
  3. All miners can get a margin trading voucher with face value of 100 USDT. 
  4. All miners can enjoy 40% loan fee discount for USDT, BTC, ETH loans during the yield mining period.

 

For more activity details, please refer to previous announcement here:

https://support.mexc.me/hc/en-001/articles/360050939272