Boardroom Lockup Tutorial

About the Boardroom lockup function

To encourage users to hold MDX for a long term, MDEX is now launching the brand new function of Boardroom lockup and investing more funds and equities to reward active participants. The function will be launched on July 19 at 16:00 (UTC) and will support both current and fixed lockup. Earnings can be withdrawn at any time.

Lockup Rules

The Boardroom lock function now supports different strategies for MDX single token staking, that is, users can lock their positions in the Boardroom single token staking pool for 30 days, 90 days, 180 days and 365 days just with one click.

Users can choose different lockup periods and get the corresponding revenue weight. The longer the lock-up period, the higher the gain weight. Compared with the same staking volume, a long lockup period will generate more benefits.

Users cannot withdraw the principal during the lockup period but can claim the proceeds generated at any time.

What happens to the principal after the lock-up?

The principal that reaches the lock-up period will be automatically transferred to the demand staking mode, that is, the unlocked assets can be withdrawn at any time and the unclaimed principal will generate a yield according to the demand weight.

What happens to the proceeds after the lock-up?

The proceeds will be automatically transferred to the wallet after the expiration of the locked position if they are unclaimed. No manual operation is required.

What are the rules for calculating the weight coefficients of the lockup proceeds?

Basic weight coefficient: 1

For lockup of

90 days and below: for each additional day, the coefficient is increased by 0.01.

180 days: for each additional day, the coefficient is increased by 0.0125.

365 days: for each additional day, the coefficient is increased by 0.015.

The resulting weight coefficients for each cycle are as follows:

Basic demand coefficient: 1

30 days: 1.3

90 days: 1.9

180 days: 3.25

365 days: 6.475

Lockup tutorial (based on BSC)

PC end

1. If you have previously participated in the Boardroom single token mining, you need to withdraw your previous assets to your wallet. The assets that were staked to the Board are no longer rewarded.

2. Return to the “In progress” page on the “Boardroom” interface, click “mining” to enter the Boardroom lock-up function interface. For the first operation, you need to “authorize”.

3. Select the period you want to lock your position, check the box to agree to the lockup rules and stake your tokens.

Mobile phone end

1. If you have previously participated in the Boardroom single token mining, you need to withdraw your previous assets to your wallet. The assets that were staked to the Board are no longer rewarded.

2. Return to the “progressing” page on the “Boardroom” interface, click “mining” to enter the Boardroom lock-up function interface. Select the period you want to lock your position, check the box to agree to the lockup rules. Enter the number of MDX token you want to stake.