Trading Mining — Epoch 2 is Live!
According to the approved Proposal 42: Mining Program Epoch 1–6, mining program epoch 2 is live now!
1st Nov. 2021 00:00:00 UTC ~ 14th Nov. 2021 23:59:59 UTC
The total Reward for liquidity mining is 7000 MCB, the distribution to the pools is adjusted according to the volume/liquidity of the previous epochs. We will also distribute some rewards to some new pools to encourage diversity in the markets.
The rewards of liquidity mining are distributed per block to the LP of the AMM pools.
BSC: BUSD Pool, 6000 MCB
BSC: ETH Pool, 800 MCB
BSC: BTCB Pool, 200 MCB
- Rules: See here
- Rewards: 63000 MCB
- Distribution: 5 days after the end of the epoch
Since this epoch, we will launch the trading mining program across all the networks. Traders can trade or stake MCB on any of the networks(BSC or Arbitrum).
The Trader Staking Scores shall be shared across the chains. Thus, the trading fee, the open interest, and the staking score shall be the sum of the scores on the chains.
BSC: BUSD Pool, ETH Pool, BTCB Pool, USX Pool
Arbitrum: USDC Pool, ETH Pool
Note: We may add more networks and pools to liquidity mining and trading mining during the epoch.
Two “anti-wash-trading” rules take effect in this epoch:
- If two trades have the same volume and execute simultaneously, we should exclude the trades from the trading mining formula.
- To discourage the large volume at the end of the epoch, we shall introduce a time-weight factor to the trading fee. The weight of the trading fee will decrease linearly, and at the end of the epoch, it will become 0.5.