Incentives

veMUX holders and MUXLP stakers can earn protocol income and MUX rewards.
Protocol Income Allocation
The protocol income collected from trading fees will be allocated as follows:
Total Protocol Income × 70% × POR: Allocate for veMUX holders (in ETH)
POR is the rate of Protocol Owned Liquidity​
Total Protocol Income × 70% × (1 - POR): Allocate for MUXLP stakers (in ETH)
Total Protocol Income × 30%: Purchase MUXLP and add as protocol-owned liquidity
MUX Rewards Allocation
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 is the MCB and MUX staking ratio
veRate = veMUX Total Supply / (MCB Circulating Supply + MUX Circulating Supply)
The rest will be allocated for veMUX holders
Income & Rewards Distribution Time
Weekly rewards (ETH and MUX) for veMUX are distributed at the end of every epoch. Therefore, you can see and claim all rewards from the previous epoch on Thursdays UTC.
ETH rewards for MUXLP staking are gradually distributed after your first epoch. MUX rewards for MUXLP staking are gradually distributed after you start staking.
Epochs start and end weekly on Thursdays UTC.

Last modified 4mo ago