Users can stake LTC, MX, BTC, or ETH to earn liquidity yield of BambooDeFi(Bamboo) on MXC exchange
mxc.com. The staking period will last 6 days. The details are as follow:
Activity starting time: 11:30 January 24th(UTC+8), 2021. The activity page will be online at the same time.
Staking period: January 24th - January 29th(6 days in total)
Staking coins and yield allocation:
LTC: no hard cap; a total of 10,850 BAMBOO liquidity yield (35% of the yield pool)
MX: no hard cap; a total of 7,755 BAMBOO liquidity yield (25% of the yield pool)
BTC: no hard cap; a total of 6,200 BAMBOO liquidity yield (20% of the yield pool)
ETH: no hard cap; a total of 6,200 BAMBOO liquidity yield (20% of the yield pool)
Participation method: Login MXC website > "MX DeFi" > find relevant product to join
MXC APP > Homepage > "MX DeFi" > find relevant product 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 stake 10,000 MX to earn Bamboo, the yield supply of T day is 1400 Bamboo 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) * 1400 Bamboo = 28Bamboo
Note:
Entry standard: 10MX, 0.01ETH, 0.001 BTC, 0.01LTC respectively
If a users join staking on T day, he/she can unlock the coin on the T+1 day;
The yield is calculated daily and will be distributed to the user's account on the next day.
