Dear users,
To give thanks to the Interlay community, the Interlay team will launch a session of "MX DeFi'' to enable mining on INTR tokens from July 07 to July 09. Throughout the campaign, users can stake MX and INTR to earn liquidity yield on INTR. The staking period will last 3 days. Details are as follows:
- Campaign start time: 2022-07-07 08:00 (UTC)
- Staking period: 2022-07-07 08:00 - 2022-07-09 16:00 (UTC)
The total yield pool includes 274,763 INTR tokens. Hard cap and allocation details to each staking crypto asset are as follows:
- MX: no hard cap; a total of 219,810 INTR liquidity yield (80% of the yield pool)
- INTR: no hard cap; a total of 54,953 INTR liquidity yield (20% of the yield pool)
Ways to participate:
- Through MEXC.com: Login into MEXC.com > select “Finance” > “MX DeFi” > find “Stake to mine INTR” to join
- Through MEXC App: Login through MEXC App’s homepage > find “MX DeFi” > find “Stake to mine INTR” 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 INTR, the yield supply of T day is 73,270 INTR 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) * 73,270 INTR = 1,465.4 INTR
Note:
- Minimum Entry Requirement: 10 MX and 50 INTR respectively;
- If a user joins staking on day T, he/she can unlock the staking token on day T+1;
- The yield is calculated daily and will be distributed to the user's account on the next day.
Project Info
(This information is provided by the project team. Strictly for references only.)
Project Name: Interlay (INTR)
Total Supply: Unlimited (1 billion INTR emitted over the first 4 years, 2% annual inflation afterwards, indefinitely)
Official Website: http://www.interlay.io/
Block Explorer: https://interlay.subscan.io/
Telegram01: https://t.me/interlay_community
Telegram02: https://t.me/interlay
Twitter: https://twitter.com/interlayhq
Medium: https://interlay.medium.com/
Discord: https://discord.com/invite/interlay
Blog: https://blog.mexc.com/
Project Brief Introduction:
Interlay is a decentralized network dedicated to connecting crypto-currencies like Bitcoin with DeFi platforms like Polkadot and Ethereum. The Interlay network is hosted as a Polkadot parachain and will be connected to Cosmos, Ethereum and other major DeFi networks.
Risk Warning
Cryptocurrency investment is subject to high market risk. Please make your investments cautiously. MEXC 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.
Find us on:
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Enjoy trading on MEXC.
The MEXC Team
7 July 2022
