MXC Exchange Offers
Industry-first Impermanent Loss Compensation for DeFi Mining
DeFi Mining is hot today, DeFi mining investor increase day by day. Even in the middle of this pandemic crisis people are striving to maintain their financial stability. Everyone is seeking the same thing, but the question, if theres a genuine platform where can start earning dividends and revenues to keep their money flows and profit?
Well today, MXC Exchange, one of the world-leading global digital asset trading platforms, is raising the bar with its new DeFi mining product. Introducing impermanent loss compensation for all users is an industry first. The product reached its 1,000 ETH hard cap within 30 seconds, primarily thanks to this unprecedented protective measure.
MXC is one of the many exchanges that sees merit in decentralized finance or DeFi. This industry is still in the early stages of development, allowing for many unique services to be launched in the coming years. The exchange is paving the way for such innovation in the form of EQL, its new DeFi mining product.
Catering to the Ethereum holders, EQL can be mined by locking Ether into a contract. There is a hard cap of 1,000 ETH, with the entry standard of 0.05 ETH. Participants can expect an annualized yield rate of up to 100%, but the minimum threshold sits at 20%. Locking up funds is subject to a minimum threshold of five days.
Distribution of mining yields will occur in either EQL or Ether assets. This will come down to the current market conditions at the time of the distribution. Tokens will unlock automatically after their maturity period has concluded.
What is MXC PoS pool?
⏺MXC PoS Pool is a kind of PoS staking service provided by MXC. Users who hold relevant tokens are able to join MXC PoS Pool and earn yield.
⏺There are two types of PoS on MXC---"Stakings" and "Savings". Users can either join "Stakings" or "Savings" behind the respective cryptocurrencies on PoS Pool page. Then, users' positions of the currency will generate yield under a certain annualized yield.
"Savings" means your positions of the currency will not be locked, i.e. deposit & withdrawal are available at any time; while "Stakings" means your position will be locked for a period of time, during which deposit & withdrawal are unavailable. Users shall have a full understanding of the risks of the cryptocurrency before join "Stakings".
⏺MXC PoS Pool aims to explore an easy way for users to join PoS, provide the best user experience and promote the benign development of PoS ecosystem in the whole industry.
Should the liquid mining project suffer a significant drop in value, users will not lose any funds contributed initially. Instead, MXC will either offset the profits or cover any outstanding losses through its standby fund.
This service has never been provided in the cryptocurrency or DeFi world before, further affirming MXC's status as a leader in the industry.
Given the massive interest in EQL DeFi mining, it is evident MXC is on the right path. Exchanges need to push the boundaries of integrating or creating decentralized finance solutions. EQL serves as an interesting example of what can be achieved in this relatively new industry. Demand for impermanent loss compensation is likely to become more apparent following this successful venture.
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