TL;DR
- Starting August 23, $MERL will be introduced as an additional daily reward in the $MDBL Liquidity Yield Program.
- A cooldown period with options of 15, 30, 60, or 120 days will be implemented for redeeming eMDBL to $MDBL.
- Holders of Dragon Balls and MODragons will boost their rewards in both eMDBL and $MERL.
Since the launch of the $MDBL Liquidity Yield Program four months ago, the community’s support has been exceptional.
To build on this success, MOBOX is excited to announce an enhancement to the program by introducing $MERL as an additional daily reward.
This change will take effect from August 23, marking the start of Stage 5 of the program.
Dragon Ball and MODragon holders will now benefit from increased reward rates for both eMDBL and $MERL, promising even greater returns for active participants.
The program, designed to reward users supporting the Dragonverse Neo ecosystem, allows participants to convert $MDBL to eMDBL without a staking period.
Users can claim daily rewards in eMDBL and $MERL, with an additional incentive to boost rewards by holding Dragon Balls or MODragons.
This new reward structure reinforces MOBOX’s commitment to its users and offers new ways to maximize benefits through the program.
Details on MOBOX eMDBL Redemption
A key feature of the program is the cooldown period for redeeming eMDBL for $MDBL. Participants can choose from several cooldown periods: 15, 30, 60, or 120 days, with corresponding redemption rates of 25%, 35%, 50%, or 100%.
This mechanism ensures that users who select longer cooldown periods receive higher rewards, while those seeking flexibility can opt for shorter periods.
Any unredeemed amount during the cooldown period will be considered as “slashings,” which helps maintain program stability and fairness among participants.
The program not only introduces new rewards but also adjusts daily rewards based on market conditions and ecosystem plans.
Daily reward calculations use a formula considering active eMDBL and the corresponding boost rate.
Additionally, $MERL rewards can be claimed every 24 hours without a cooldown, providing continuous access to earned rewards.
With the introduction of $MERL and flexible eMDBL redemption options, the $MDBL Liquidity Yield Program reaffirms itself as one of the most attractive initiatives in the cryptocurrency space, offering both stability and growth opportunities for participants.
Users should stay tuned for future updates on the program, as MOBOX continues to adapt and enhance its reward offerings to maximize benefits for its community.
