Yield Farming (New: MBOX)
The MOBOX platform showed the blockchain world what it means to combine DeFi with Gaming NFTs to create our version of GameFi. In order to allow us to better move forward and innovate in the GameFi sector, we will now be making the following adjustments to the DeFi section of the platform:
1.August 26th : Depositing funds into the ALL Crates except for MBOX/BNB and staking of veMBOX will be halted. Withdrawal fees from these Crates will be removed.
2.August 31st : MBOX airdrops to these Crates will be halted, and only MBOX/BNB airdrops will continue. At the same time, the output of MBOX in the Crates section will be reduced.
Each CRATE contract is a smart contract that automatically optimizes and delivers the best yield farming strategy for users across the Binance Smart Chain ecosystem. Users can stake their stable coins or certain Liquidty-Provider (LP) Tokens into the CRATE contract. Each CRATE contract has their unique optimized yield farming strategy through different DeFi protocols.
Providing liquidity to Crates generates BEP20 MBOX tokens that can be used to subscribe BOXs.
- 1.All staked tokens will be converted to USDT amount to determine the amount of MBOX airdropped daily.
Daily MBOX airdrops
2. Users can yield farm by staking Pancakeswap MBOX-BNB LP (BEP20) into MOBOX Crates to obtain MBOX.
3. Each Crate Pool will be allocated a certain percentage of daily MBOX. Each user will be airdropped MBOX according to their weight in MBOX-BNB LP pool.
4. MBOX can be used to subscribe BOXs containing unique NFTs through the Smart Contract without withdrawing.
5. MBOX can be withdrawn any amount to a user's wallet.