Dear users,
To give thanks to the wSIENNA community, MEXC will launch the "MX DeFi'' Session to enable mining on wSIENNA tokens from December 8 to December 11. Throughout the campaign, users can stake MX and BIT to earn liquidity yield on wSIENNA. The staking period will last 4 days. Details are as follows:
"MX DeFi" - Stake MX and BIT to Earn Yield of wSIENNA
- Campaign start time: 2021-12-8 03:00 (UTC)
- Staking period: 2021-12-8 03:00 - 2021-12-11 16:00 (UTC)
The total yield pool includes 2,700 wSIENNA tokens. Hard cap and allocation details to each staking crypto asset are as follows:
MX: no hard cap; a total of 1,620 wSIENNA liquidity yield (60% of the yield pool)
BIT: no hard cap; a total of 1,080 wSIENNA liquidity yield (40% of the yield pool)
Ways to participate:
a). Through MEXC.com: Login into MEXC.com > select “Finance” > “MX DeFi” > find “Stake to mine wSIENNA” to join
b). Through MEXC App: Login through MEXC App’s homepage > find “MX DeFi” > find “Stake to mine wSIENNA” to join
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 wSIENNA, the yield supply of T day is 405 wSIENNA 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) * 405 wSIENNA = 8.1 wSIENNA
Note:
1. Minimum Entry Requirement: 10 MX and 5 BIT respectively;
2. If a user joins 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. As a digital asset trading platform that respects the community, MEXC adheres to the principle of truthful, transparent and fair trading, with no malicious intent. We are committed to providing users with a service that is safer, more efficient, and more reliable for the trading of digital assets.
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Enjoy trading on MEXC.
The MEXC Team
7 December 2021
