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.
- $MDBL Claim: https://dragonverseneo.mobox.app/mdbl
- Post-LBP Airdrop Claim: https://dragonverseneo.mobox.app/events
- MDBL/BTC DEX Listing: https://merlinswap.org/trade/swap
- $MDBL Liquidity Yield Program: https://dragonverseneo.mobox.app/vault
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
