Exciting News! To celebrate the launch of VRS on MEXC, the VRES team will host MX Defi Yield Mining activity exclusively for MEXC users. There will be a total of 388,888 VRS up for grabs!
"MX DeFi" - Stake MX and VRS to Earn Yield of VRS
Users can stake their MX and VRS to earn a liquidity yield of VRS over 3 days. Specific details are as below.
- Event starting time: 2022-06-29 08:00 (UTC)
- Staking period: 2022-06-29 08:00 - 2022-07-01 16:00 (UTC)
- Staking tokens and yield allocation:
MX: no hard cap; a total of 311,110 VRS liquidity yield (80% of the yield pool)
VRS: no hard cap; a total of 77,778 VRS 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 VRS, the yield supply of T day is 103,703.33 VRS 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) * 103,703.33 VRS = 2,074.07 VRS
- Entry standard: 10 MX, 200 VRS
- 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 VRS, please refer to:
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The MEXC Team
27 June 2022