Melalie(MEL) Staking Launch

Dear community,

We are thrilled to share with you that, as we are developing the projects under the MELX umbrella, we have decided to reward our loyal community members by significantly updating the staking APY.

The updates APY structure will be as following:

This update is all about rewarding our most loyal community members. The longer you stake your $MEL, the higher your reward will be.

• The baseline APY will be increased from 10% to 15%. No matter how long you will stake your $MEL.
• The APY will increase after 30 days to 20% (your API on the first 30 days will remain 10%)
• The APY will increase after 60 days to 25% (your API on the first 60 days will remain 10% + 20%)
• The APY will increase after 90 days to 30% (your API on the first 90 days will remain 10% + 20% + 25%)

The implementation of the new APY structure will go live on Wednesday May 11. Please expect some planned downtime.

You can stake your MEL via staking.melx.io (the platform is currently live with our old (10%) APY.

Please note, if you have already staked your $MEL, you don’t need to do anything. We will update the current smart contract.

Giveaway campaign; get 250$!

To support the update of our staking program, we decided to do a giveaway among new community members. The price is 250$!