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Incentives

veMUX holders and MUXLP stakers can earn protocol income (protocol fees and third-party DEX mining rewards) and MUX rewards.

Protocol Income Allocation

The protocol income collected from trading fees and DEX mining yield will be allocated as follows:
Total Protocol Income × 70% × POR: Allocate for veMUX holders (in ETH)
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.