Introducing $MDBL Liquidity Yield Program

MOBOX
3 min readApr 22, 2024

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Dear MOBOXers,

We’re excited to announce the next major milestones following the Fair Launch of $MDBL. Starting from tomorrow, April 23rd, you will be able to claim, trade, and participate in the Liquidity Yield Program.

Program Overview

The $MDBL Liquidity Yield Program presents an opportunity for everyone to actively support Dragonverse Neo and get rewarded for doing so. The program will be carried out on a Rolling Basis, and the Rewards will be adjusted by stages according to market conditions and ecosystem plans.

🔗 Link

⌛ Duration (Stage 1)

  • Start: April 23rd, 12PM UTC
  • End: May 23rd, 8AM UTC

🔎 Guide

  • Convert $MDBL to eMDBL at a 1:1 ratio. No staking period needed.
  • Earn Daily Rewards distributed in eMDBL.
  • Claim eMDBL.
  • Get Boost Rate by holding Dragon Balls or MODragons.
  • Redeem eMDBL with various Cooldown Period and Redeemable Rate.

📃 Basic Rules

  • Total Daily Rewards varies based on the tier of Total eMDBL.
  • Redeeming eMDBL for $MDBL involves a Cooldown Period, with the flexibility to choose the duration and redeemable rate. The unredeemable portion will be considered as slashings.

Daily Rewards

Participants can only join the $MDBL Liquidity Yield Program by converting $MDBL to eMDBL first.

📝 Rewards Calculation

  • My Daily Reward = (My Boosted eMDBL / Total Boosted eMDBL) * Total Daily Reward
  • My Boosted eMDBL = My eMDBL * (1 + My Boost Rate)
  • My Boost Rate = Min [(DragonBall Buff + MODragon Buff), 25%]

🏆 Total Daily Rewards (Stage 1)

  • Total Daily Rewards varies based on the tier of Total eMDBL at Snapshot Time
  • Daily Snapshot Time: 8AM UTC

🌟 Boost Rate

  • Get Boost Rate by holding Dragon Balls or MODragons.
  • My Boost Rate = Min [(DragonBall Buff + MODragon Buff), 25%]
  • Daily Snapshot Time: 8AM UTC

🎁 Claim Daily Rewards

  • Daily Rewards are distributed in eMDBL and must be claimed manually.
  • Daily Rewards claimed before 8AM UTC every day will be calculated into the total eMDBL for the next day.

💡 Notes

The Rewards will be adjusted by stages based on market conditions and ecosystem plans.

Redemption

The redeeming eMDBL to $MDBL involves a Cooldown Period, with the flexibility to choose the duration and redeemable rate. The unredeemable portion will be considered as slashings.

Before the $MDBL claim:

  • You need to wait for X days(15/30/60/120) for Cooldown Period to get Y%(25%/35%/50%/100%) of the $MDBL through redemption.
  • The redemption can be canceled anytime.
  • The eMDBL during Cooldown Period will still be calculated into the liquidity yield.

Example: If you stake 100 $MDBL, redeem 100 eMDBL, and choose 15 days for Cooldown Period, it means you can only get 25% (25 $MDBL) through the redemption. The rest of 75% (75 $MDBL) is considered as slashings.

More Rewards: Stage 2 and Beyond

The $MDBL Liquidity Yield Program is a long-term initiative that benefits the whole community and ecosystem. The upcoming rewards include:

  • Tradable REALM Passes
  • MODragon Eggs
  • External rewards such as $MERL

Mark your calendars and prepare for the next chapter in our adventure. Stay tuned to our official channels for further updates and exciting developments ahead. 💛💙

Team MOBOX

April 22, 2024

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MOBOX
MOBOX

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