MXC has upgraded the "DeFi Yield Mining" to "MX DeFi" program. Users can stake MX, USDT, ETH or other designated coins on MX DeFi to earn liquidity yield. The yield amount will be calculated based on the proportion between user's staking value and the total staking value.
In the 10th session of "MX DeFi" Yield Mining, users can stake USDT, BTC or ETH to earn liquidity yield of Wootrade Network (WOO). The details are as follows:
1. Staking period: 5 days from Oct.30 to Nov.3rd
2. Staking coins and yield allocation:
- USDT: no hard cap; a total of 333,333 WOO liquidity yield (50% of the yield pool)
- BTC: no hard cap; a total of 166,666.5 WOO liquidity yield (25% of the yield pool)
- ETH: no hard cap; a total of 166,666.5 WOO liquidity yield (25% of the yield pool)
3. Login MXC website > "PoS Pool" > "MX DeFi" > find relevant product to join
MXC APP > Homepage > "MX DeFi" > find relevant product to join
(Users can directly click the link here to join: https://www.mxc.ai/mx-defi/list)
4. 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 USDT to earn WOO, the yield supply of T day is 66,666.6 WOO for USDT pool, and the total staking value of T day (snapshot taking on T+1 day) is 500,000 USDT, then, User A can earn a yield of:
(10,000 / 500,000) * 66,666.6 WOO = 1333,332 WOO
1. Entry standard: 1 USDT, 0.001 BTC, 0.01 ETH respectively
2. If a users join staking on T day, he/she can unlocking the coin on the T+1 day;
3. The yield is calculated daily, and will be distributed to user's account on the next day.
Official website: https://woo.network/
Total supply: 3,000,000,000 WOO
Circulation supply: 73,500,000 WOO
Project brief introduction:
Wootrade is incubated by the top quantitative fund Kronos Research, which aims to solve the pain points of the diversified liquidity of the cryptocurrency market, and provides sufficient trading depth for users such as exchanges, wallets, and trading institutions with zero fees.
Find us on:
MXC trading: https://t.me/MXCtrade
Register an account of MXC here:
Enjoying your trade on MXC.
The MXC team
October 30, 2020