Aug 25, 2020
Liquidity Mining Round — ZHOU
Rules for Round ZHOU
- Round ZHOU will last for two weeks (estimated: August 25 to September 9), starting from Block: 10,727,500 to 10,829,999, right after the current Round SHANG.
- 2 MCB / Block, Total supply for Round SHANG: 205,000 MCB.
- 1.5 MCB / Block will reward LPs who provide liquidity on MCDEX AMM. 0.5 MCB / Block will reward MCB liquidity providers on Uniswap, MCB/ETH pair.
- MCB holders will have more mining efficiency, up to 300%.
Please note that if you are an MCB holder, please use the wallet that has MCB to provide liquidity to increase your mining efficiency.
For example, if you are mining 10 MCB per day, you can hold 140 MCB to have a 300% mining efficiency. The MCBs used to provide liquidity on Uniswap will also be counted.
As voted in the governance app: https://forum.mcdex.io/t/proposal-5-let-mcb-holders-have-higher-mining-efficiency/170
Distribution: After every block, holders of the AMM share token will enjoy the share of the total amount.
Transfer: Since the gas fee has been pretty high lately, MCBs will be distributed to liquidity providers every day based on a threshold (let’s say 40 or 50 depending on the gas fee). Every Wednesday, all MCBs will be transferred without any threshold.
The results were decided by the votes received on the various governance proposals. We received a lot more votes than we originally expected. We are proud to have an active community leading the future of MCDEX. Have a look at the various proposals that were being voted on.
Proposal 1 — Launch Liquidity mining round ZHOU
Details — https://forum.mcdex.io/t/proposal-1-launch-liquidity-mining-round-zhou/167
Status — Passed — https://vote.mcdex.io/mainnet/proposal/0
Proposal 2 — Reward of ZHOU is 2 MCB/block
Details — https://forum.mcdex.io/t/proposal-2-reward-of-zhou-is-2mcb-block/168/3
Status — Passed — https://vote.mcdex.io/mainnet/proposal/1
Proposal 3 — The allocation of MCB in round ZHOU
Details — https://forum.mcdex.io/t/proposal-3-the-allocation-of-mcb-in-round-zhou/169
Status — Passed — https://vote.mcdex.io/mainnet/proposal/2
Proposal 4 — Make the mining efficiency of AMM not related to the imbalance rate
Status — Passed — https://vote.mcdex.io/mainnet/proposal/3
Proposal 5 — Let MCB holders have higher mining efficiency
Details — https://forum.mcdex.io/t/proposal-5-let-mcb-holders-have-higher-mining-efficiency/170
Status — Passed — https://vote.mcdex.io/mainnet/proposal/4
Proposal 6 — Vest the mining reward in 4 weeks
Details — https://forum.mcdex.io/t/proposal-6-vest-the-mining-reward-in-4-weeks/172
Status — Failed — https://vote.mcdex.io/mainnet/proposal/5
