After successfully launching the MUX protocol, we are thrilled to kick off the liquidity mining and MCB staking programs.

Liquidity Mining Program

Starting Time

• August 2nd, UTC 0am

How to Join

• Go to the Liquidity page on the MUX protocol.
• Use assets allowed by the MUXLP pool to buy MUXLP tokens.
  • Please check the Liquidity Composition section on the MUX protocol for the allowed assets list. Example: ETH, BTC, BNB, AVAX, FTM, USDC, USDT, etc
  • Please note that there are fees for buying MUXLP tokens. The fees will be lower when the asset weight is below its target and higher when above its target.
• Stake MUXLP on Arbitrum to earn multiplexed protocol income (protocol fees and third-party DEX mining rewards) and MUX rewards.
  • MUX uses Arbitrum as the base chain to handle multi-chain liquidity management and staking. Please bridge your MUXLP tokens to Arbitrum for staking.

Tutorial

• Please check the Provide Liquidity section on the docs for a step-by-step tutorial.
• Protocol fees depend on the on-platform trading volume; third-party DEX mining profits will vary due to market conditions. Please check the Liquidity Multiplexing section on the docs for more details.

Income Allocation

• The protocol income collected from trading fees and DEX mining yield will be allocated as follows:
  • Total Protocol Income × 50% × (1 - POR): Allocate for MUXLP stakers (in ETH)
  • POR = Protocol Owned Liquidity / Total Liquidity
• 1,000 MUX will be distributed to veMUX holders and MUXLP stakers daily, allocated as follows:
  • 1000 × (1-veRate) × (1-POR): Allocate for MUXLP stakers
  • veRate = veMUX Total Supply / (MCB Circulating Supply + MUX Circulating Supply)

MUXLP Profits & Risks

• Profit Sources
  • A portion of the protocol fees
  • Funding payments
  • Multiplexed third-party DEX mining income
  • Liquidation penalties
  • MUX token rewards
• Risks
  • Since the MUXLP pool is the counterparty of traders, MUXLP has positions holding related risks and can suffer losses
  • Pooled assets price drawback

MCB Staking Program

Starting Time

• August 4th, UTC 0am

How to Join

• Go to the veMUX Locked-Staking page on the MUX protocol
• Lock MCB (from 2 weeks to 4 years) to receive veMUX, the community’s governance token
  • veMUX tokens are minted when users lock MCB and / or MUX and will be burnt as the lock time decreases.
• Hold veMUX to earn multiplexed protocol income (protocol fees and third-party DEX mining rewards) and MUX rewards.
  • MUX uses Arbitrum as the base chain to handle multi-chain liquidity management and staking. Please bridge your MUXLP tokens to Arbitrum for staking.

Tutorial

• Please check the veMUX Locked-Staking section on the docs for a step-by-step tutorial.
• Protocol fees depend on the on-platform trading volume; third-party DEX mining profits will vary due to market conditions. Please check the Liquidity Multiplexing section on the docs for more details.

Income Allocation

• The protocol income collected from trading fees and DEX mining yield will be allocated as follows:
  • Total Protocol Income × 50% × POR: Allocate for veMUX holders (in ETH)
  • POR = Protocol Owned Liquidity / Total Liquidity
• 1,000 MUX will be distributed to veMUX holders and MUXLP stakers daily, allocated as follows:
  • 1000 × (1-veRate) × (1-POR): Allocate for MUXLP stakers
  • The rest will be allocated for veMUX holders
  • veRate = veMUX Total Supply / (MCB Circulating Supply + MUX Circulating Supply)