MCF Token Reward Structure
a. Reward Structure
To bootstrap and encourage liquidity for MCF, token holders who provide liquidity on certain liquidity pools on Uniswap will be able to mine more MCF as rewards. Liquidity pools will be announced 1 week before the initial liquidity mining period through official communities and website.
The liquidity mining program will run for a fixed period of time with a fixed number of MCFs per day to be distributed as mining rewards each day to the liquidity providers. These MCF rewards are over and above the Uniswap Fee which liquidity providers earn.
b. Motivation
The motivation behind the MCFinance L1 & L2 Liquidity Mining program is three-fold:
It helps in bootstrapping token liquidity on Uniswap, leading to reduced volatility and a sustainable token growth
It helps a broader community to claim the tokens in a sensible, permissionless and predictable manner
It rewards MCF holders who directly contribute to the health of the MCFinance ecosystem
Particulars | MCH Staking | Liquidity Mining |
Total | 30,000,000 | 15,000,000 |
Per Day | 500000 | 500000 |
Total Number of Days | 67 (including lock period) | 37 |
Rewards | Staking users will go through a After the lock period, 50% of the total rewards will be evenly distributed daily for 60 days. Distributed rewards will vary according to the number of MeconCash staked in the pool. Users can claim their rewards anytime. The remaining 50% is distributed after users migrate to the L2 MCF DEX with a 2 month(60days) vesting period and 10% monthly reward distribution. | Rewards will be distributed after 7 days of the liquidity provider’s LP token staking. After the 7 days, 50% of the rewards will be evenly distributed daily for 30 days. The remaining 50% is distributed after users migrate to the L2 MCF DEX with a 1 month vesting period and 10% monthly reward distribution. |
The formula for calculating APY is as follows:
Mined available MCFs will be instantly claimable from the interface itself. Once claimed, you can use them to provide even more liquidity, then increase participation in liquidity mining and ultimately mine even more MCF through the liquidity pools. Please be aware that since the launch of liquidity mining and staking mining will be through the Ethereum mainnet, gas fees may be high.
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