MEXC Exchange Will Launch the 63rd Session “MX DeFi” — Stake MX, TRX and USDT to Earn Yield DPR
In order to congratulate DPR (Deeper Network) for being transferred from the Assessment Zone to the Innovation Zone, the DPR team has decided to launch the 63rd “MX DeFi” Session on MEXC to enable mining on DPR tokens from Jun 11 to Jun 13. Throughout the campaign, users can stake MX, TRX, and USDT to earn liquidity yield on DPR. The staking period will last 3 days. Details are as follows:
The 63rd Session “MX DeFi” — Stake MX, TRX and USDT to Earn Yield DPR
1. Campaign start time: 08:00 (UTC), Jun 11
2. Staking period: Jun 11 to Jun 13
3. The total yield pool includes 200,000 DPR tokens. Hard cap and allocation details to each staking crypto asset are as follows:
MX: no hard cap; a total of 120,000 DPR liquidity yield (60% of the yield pool)
USDT: no hard cap; a total of 40,000 DPR liquidity yield (20% of the yield pool)
TRX: no hard cap; a total of 40,000 DPR liquidity yield (20% of the yield pool)
4. Ways to participate:
a). Through MXC.com: Login into MXC.com > select “MX DeFi” > in the Launchpool, find “Stake to mine DPR” to join
b). Through MEXC App: Login through MEXC App’s homepage > find “MX DeFi” > find “Stake to mine DPR” to join
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 DPR, the yield supply of T day is 40,000 DPR 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) * 40,000 DPR = 800 DPR
Note:
1. Minimum Entry Requirement: 1 USDT, 10 MX, and 100 TRX respectively respectively;
2. If a user join staking on day T, he/she can unlock the stake token on day T+1;
3. The yield is calculated daily, and will be distributed to the user’s account on the next day.
Risk Warning
Cryptocurrency investment is subject to high market risk. Please make your investments cautiously. MEXC Exchange will make best efforts to choose high-quality tokens, but will not be responsible for your investment losses.
