Key Points of this Article:
Introduction to Merchant MOE + Trials Event Overview (Trials Prize Pool up to 1 million MNT)
Merchant MOE Advanced Task Operation Tutorial (Total Prize Pool of 1 million MNT for Defi Fest)
Estimated cost is about 0.22MNT
Merchant MOE is the largest DEX on the Mantle chain, currently with a TVL of 140 million USD, generating 20,000 USD in fees in the last 24 hours (data from DefiLlama).
Merchant MOE can be said to be the veteran exchange on the Mantle chain, regarded as the first choice for Mantle chain OG users, with good liquidity and trust from everyone.
Advanced Task Operation Steps
Before starting the task, first click on the Trials page and participate in the event, this is the latest platform incentive activity launched by the project.
Trials Basic Information
1. Activity Time: 12/9-2/10
2. How to Participate: Obtain MOE, stake MOE, and participate in voting
3. Event Prize Pool: 1 million MNT, 80% allocated to MOE stakers, 20% allocated to community activities and platform ranking competitions.
(On average, about 100,000 MNT will flow to stakers each week, smart you should know what to do?)
(Community activities mainly involve being active on Discord and obtaining Guild status to participate, for detailed information please refer to the official announcement)
Merchant MOE's Layer 3 Advanced Tasks
1. Exchange MNT worth 5U for MOE
The current price of MNT is slightly above 1U, so you can directly exchange 5 MNT for MOE. (MOE is the platform token of Merchant MOE)
2. Stake MNT worth 5U into Merchant MOE
MOE stakers will be able to obtain voting rights and share platform revenue, currently the total amount of MOE staked is 12 million USD, with an APR of about 10.9%.
3. Exchange MNT worth 5U for cmETH
This step is estimated to be designed to promote cmETH with Mantle. (For details, please check my past articles, cmETH holders can receive COOK airdrops)
4. Claim cubes in Layer 3
Cubes are the lottery tickets for the 400,000 MNT prize pool of this Mantle Defi Fest, advanced task cubes = two lottery tickets, don't forget to claim them!
* In addition to the three tasks listed above, Merchant MOE has set up two additional tasks related to providing liquidity in Layer 3, but you can still receive cubes without participating.
In addition, Merchant MOE also has a daily task area, continuously participating in daily tasks can also earn cubes. This part depends on personal trading needs to decide whether to participate.
Summary
The whole process is relatively simple, basically guiding users to experience the functions of Merchant MOE once, with a cost of about 0.12MNT for gas fee + 0.1MNT for minting cubes = 0.22MNT.
Additionally, holding platform token MOE + Mantle's cmETH may incur value loss from price drops, but it allows participation in MOE activities and COOK airdrops through cmETH.
Partners with questions are welcome to leave a message for me. For those who do not understand cmETH or COOK airdrops, you can check my previous articles to learn more.
(Then I'm a bit busy at the end of the year~ but I'll try to finish the guide for the Mantle Defi Fest before the event ends on 12/24, wishing everyone a big profit in the event!)
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While holding cmETH to participate in Defi Fest, if you want to increase your COOK airdrop points by an additional 10%, don't forget to fill in the referral code section in Methamorphosis:
"myronchiu", we can both increase our points by an additional 10%
※ The above content does not constitute investment advice, please operate according to your own risk tolerance, DYOR and participate in the investment market cautiously.
※ Attached images taken from Merchant MOE, Layer 3, Mantle