MEXC Exclusive: Supreme Finance (HYPE) MX Defi is Launching!

To give thanks to the Supreme Finance community, the Supreme Finance team will launch a session of “MX DeFi’’ to enable mining on HYPE tokens from March 02 to March 03. Throughout the campaign, users can stake MX and HYPE to earn liquidity yield on HYPE. The staking period will last 3 days. Details are as follows:

1. Campaign start time: 2022–03–02 10:00 (UTC)
2. Staking period: 2022–03–02 10:00–2022–03–04 16:00 (UTC)

The total yield pool includes 1,200,000 HYPE tokens. Hard cap and allocation details to each staking crypto asset are as follows:

MX: no hard cap; a total of 960,000 HYPE liquidity yield (80% of the yield pool)

HYPE: no hard cap; a total of 240,000 HYPE liquidity yield (20% of the yield pool)

Ways to participate:

a). Through MEXC.com: Login into MEXC.com > select “Earn” > “MX DeFi” > find “Stake to mine HYPE” to join

b). Through MEXC App: Login through MEXC App’s homepage > find “MX DeFi” > find “Stake to mine HYPE” 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 HYPE, the yield supply of T day is 320,000 HYPE 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) * 320,000 HYPE = 6,400 HYPE

Note:

1. Minimum Entry Requirement: 10 MX and 450 HYPE respectively;
2. If a user joins staking on day T, he/she can unlock the staking 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.

Official announcement: https://bit.ly/3K7c5xL

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