MEXC Will List Graphlinq Protocol (GLQ) & Launch the 49th Session of “MX DeFi”
MEXC will list Graphlinq Protocol in the Innovation Zone & open trading for GLQ/USDT trading pair. The specific timeline is as shown below:
1.Deposit & Withdrawal: Activated
2.Trading: 20:00, April 19, 2021
Note: Prices may fluctuate greatly for projects listed in Innovation Zone, please be cautious and be aware of hidden risk of delisting.
The 49th Session of “MX DeFi” — Stake USDT, ETH, MX, BTC, KSM to Earn Yield of GLQ
The 49th Session of “MX DeFi” Yield Mining is coming! Users can stake USDT, ETH, MX, BTC & KSM to earn liquidity yield of GLQ. The staking period will last for 4 days. Details are as follow:
1. Event starting time: 20:00, April 18, 2021 (UTC+8)
2. Staking period: April 18, 2021 — April 21, 2021 (4 days in total)
3. Staking coins and yield allocation:
USDT: no hard cap; a total of 64,000 GLQ liquidity yield (20% of the yield pool)
ETH: no hard cap; a total of 64,000 GLQ liquidity yield (20% of the yield pool)
MX: no hard cap; a total of 48,000 GLQ liquidity yield (15% of the yield pool)
BTC: no hard cap; a total of 64,000 GLQ liquidity yield (20% of the yield pool)
KSM: no hard cap; a total of 80,000 GLQ liquidity yield (25% of the yield pool)
4. Participation method:
Login MXC website > “MX DeFi” > find relevant product to join
MEXC APP > Homepage > “MX DeFi” > find relevant product to join
5. 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 GLQ, the yield supply of T day is 12,000 GLQ 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) * 12,000 GLQ = 240 GLQ
Note:
1. Entry standard: 1 USDT, 0.01 ETH, 10 MX, 0.001 BTC, 0.1 KSM respectively
2. If users join staking on T day, he/she can unlock the coin on the T+1 day;
3. The yield is calculated daily and will be distributed to the user’s account on the next day.