Introducing MBA’s CeDeFi Mining: Unlock Optimal Liquidity and Rewards With the Power of CeFi+DeFi
Welcome to MBA, a CeDeFi solution that combines the strengths of CeFi and DeFi to enhance compounding gains for traders.
With the objective to create an efficient trading environment with optimal liquidity and yields, MBA introduces a new product called CeDeFi Mining, empowering users to farm rewards by trading on Centralized Exchanges (CEXs) and brokerages.
Why CeDeFi Mining?
DeFi has reached a critical juncture where many liquidity mining initiatives from the previous cycle are diminished. Decentralized exchanges (DEXs) with Automated Market Makers (AMMs) often struggle with issues such as Miner Extractable Value (MEV) and fragmented liquidity.
In contrast, centralized exchanges (CEXs) provide a more efficient and liquid trading environment. Consequently, liquidity is increasingly being drawn to prominent CEXs like Binance. In traditional finance, exchanges such as the New York Stock Exchange and NASDAQ also thrive due to high trading volumes and liquidity, attracting both institutional and retail investors.
MBA aims to combine the strengths of DeFi and CeFi through our CeDeFi offerings, particularly with the introduction of CeDeFi Mining. By leveraging the efficiency and liquidity of CEXs and DeFi’s liquidity mining concept, MBA aims to enhance market depth and sustainability, facilitating a virtuous cycle of growth and liquidity akin to the success observed in traditional financial markets.
How Does CeDeFi Mining Work?
MBA’s CeDeFi Mining enables users to farm token rewards by trading on Binance. In the initial phase, we’re offering an onchain AUCTION Prize Pool to MBA users who trade AUCTION on Binance following our guidelines.
User Flow:
- Bind your Binance API to the MBA platform, setting it to read-only so that MBA can only read your Binance transaction records.
- Trade AUCTION tokens on Binance based on MBA’s guidelines.
- Collect your corresponding AUCTION rewards from the AUCTION Prize Pool on MBA.
Guidelines:
- For users who successfully bind their read-only Binance API, MBA reads users’ daily AUCTION trading records on Binance and determines each user’s daily share of the AUCTION Prize Pool. This assessment is conducted once a day.
- The more AUCTION trading transactions a user completes on Binance, the more AUCTION rewards they can collect.
- The following factors can further boost a user’s AUCTION rewards amount:
- Stake MBA’s platform token $MBA for a multiplier to be applied to your rewards amount. $MBA can be obtained by merging $MUBI, $BSSB and $AMMX through Bounce M&A;
- Buying AUCTION will contribute to higher AUCTION rewards amount compared to selling AUCTION;
- Higher transaction fees will be rewarded with a boost in AUCTION rewards amount.
Specific details about how the reward boosting coefficients are determined will be announced in the subsequent posts.
Stay tuned for step-by-step user guides to get you prepared for farming AUCTION through MBA’s CeDeFi Mining.
