# Liquidity Mining & MCB Staking Programs 

By [MUX](https://paragraph.com/@mux) · 2022-08-02

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After successfully launching the MUX protocol, we are thrilled to kick off the liquidity mining and MCB staking programs.

![](https://storage.googleapis.com/papyrus_images/abca10751b7ef57a2ff351a373e5672ecdaac4dd5fadb29df972765a9d9ae03d.jpg)

Liquidity Mining Program
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### Starting Time

*   August 2nd, UTC 0am
    

### How to Join

*   Go to the [Liquidity](https://app.mux.network/#/liquidity/stats?chainId=42161) page on the MUX protocol.
    
*   Use assets allowed by the MUXLP pool to buy MUXLP tokens.
    
    *   Please check the [Liquidity Composition](https://app.mux.network/#/liquidity/stats?chainId=42161) section on the MUX protocol for the allowed assets list. Example: ETH, BTC, BNB, AVAX, FTM, USDC, USDT, etc
        
    *   Please note that there are fees for buying MUXLP tokens. The fees will be lower when the asset weight is below its target and higher when above its target.
        
*   Stake MUXLP on Arbitrum to earn multiplexed protocol income (protocol fees and third-party DEX mining rewards) and MUX rewards.
    
    *   MUX uses Arbitrum as the base chain to handle multi-chain liquidity management and staking. Please [bridge](https://cbridge.celer.network/#/transfer) your MUXLP tokens to Arbitrum for staking.
        

### Tutorial

*   Please check the [Provide Liquidity](https://docs.mux.network/turtorials/provide-liquidity) section on the docs for a step-by-step tutorial.
    
*   Protocol fees depend on the on-platform trading volume; third-party DEX mining profits will vary due to market conditions. Please check the [Liquidity Multiplexing](https://docs.mux.network/protocol/mechanisms#liquidity-multiplexing) section on the docs for more details.
    

### Income Allocation

*   The protocol income collected from trading fees and DEX mining yield will be allocated as follows:
    
    *   Total Protocol Income × 50% × (1 - POR): Allocate for MUXLP stakers (in ETH)
        
    *   POR = Protocol Owned Liquidity / Total Liquidity
        
*   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 = veMUX Total Supply / (MCB Circulating Supply + MUX Circulating Supply)
        

### MUXLP Profits & Risks

*   Profit Sources
    
    *   A portion of the protocol fees
        
    *   Funding payments
        
    *   Multiplexed third-party DEX mining income
        
    *   Liquidation penalties
        
    *   MUX token rewards
        
*   Risks
    
    *   Since the MUXLP pool is the counterparty of traders, MUXLP has positions holding related risks and can suffer losses
        
    *   Pooled assets price drawback
        

MCB Staking Program
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### Starting Time

*   August 4th, UTC 0am
    

### How to Join

*   Go to the [veMUX Locked-Staking](https://app.mux.network/#/stake/vemux?chainId=42161) page on the MUX protocol
    
*   Lock [MCB](https://docs.mux.network/protocol/tokenomics#mcb) (from 2 weeks to 4 years) to receive [veMUX](https://docs.mux.network/protocol/tokenomics#vemux), the community’s governance token
    
    *   veMUX tokens are minted when users lock MCB and / or MUX and will be burnt as the lock time decreases.
        
*   Hold veMUX to earn multiplexed protocol income (protocol fees and third-party DEX mining rewards) and MUX rewards.
    
    *   MUX uses Arbitrum as the base chain to handle multi-chain liquidity management and staking. Please [bridge](https://cbridge.celer.network/#/transfer) your MUXLP tokens to Arbitrum for staking.
        

### Tutorial

*   Please check the [veMUX Locked-Staking](https://docs.mux.network/turtorials/stake#vemux-locked-staking) section on the docs for a step-by-step tutorial.
    
*   Protocol fees depend on the on-platform trading volume; third-party DEX mining profits will vary due to market conditions. Please check the [Liquidity Multiplexing](https://docs.mux.network/protocol/mechanisms#liquidity-multiplexing) section on the docs for more details.
    

### Income Allocation

*   The protocol income collected from trading fees and DEX mining yield will be allocated as follows:
    
    *   Total Protocol Income × 50% × POR: Allocate for veMUX holders (in ETH)
        
    *   POR = Protocol Owned Liquidity / Total Liquidity
        
*   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
        
    *   The rest will be allocated for veMUX holders
        
    *   veRate = veMUX Total Supply / (MCB Circulating Supply + MUX Circulating Supply)

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*Originally published on [MUX](https://paragraph.com/@mux/liquidity-mining-mcb-staking-programs)*