Adjustment on FLUX Mining Economic Model

Updated on April 27, 2021

After the communicating with the community, the Flux team will start to adjust the mining reward parameters for FLUX token from 20:00 on April 27, 2021 (UTC+8). The updated allocation will change from following the dynamic lending rates to the more dynamic method of monitoring lending and borrowing ratio for each token pair.

The procedure is as follows:

Effective Date

Effective Time (UTC+8)

Public Chain

April 27, 2021

20:00

Conflux

April 27, 2021

22:00

BSC

April 27, 2021

23:00

Heco

The adjusted FLUX mining release model is as follows:

Conflux (No more bootstrap mining reward)

Supply & Borrow Pool

Supply Allocation

Borrow Allocation

cUSDT

1%

1%

CFX

0.60%

0.60%

cBTC

0.60%

0.60%

cETH

0.60%

0.60%

cUSDC

0.20%

0.20%

cYFII

0.20%

0.20%

cDAI

0.60%

0.60%

cMBTM

0.40%

0.40%

cWBTC

0.40%

0.40%

FC

0.40%

0.40%

Supply & Borrow Assets

5%

5%

LP Staking Pool

Allocation

CFX-cFLUX

7.5%

cUSDT-cFLUX

7.5%

BSC (No more bootstrap mining reward)

Supply & Borrow Pool

Supply Allocation

Borrow Allocation

USDT

1%

1%

BUSD

0.80%

0.80%

BNB

0.60%

0.60%

bCFX

0.60%

0.60%

USDC

0.40%

0.40%

BTCB

0.60%

0.60%

ETH

0.60%

0.60%

DAI

0.40%

0.40%

Supply & Borrow Assets

5%

5%

LP Staking Pool

Allocation

BNB-bcFLUX

5%

bCFX-bcFLUX

5%

USDT-bcFLUX

5%

Heco

Normal Mining Reward

Supply & Borrow Pool (Normal)

Supply Allocation

Borrow Allocation

USDT

0.60%

0.60%

HUSD

0.48%

0.48%

HBTC

0.45%

0.45%

ETH

0.45%

0.45%

HT

0.45%

0.45%

HFIL

0.15%

0.15%

HDOT

0.15%

0.15%

HBCH

0.15%

0.15%

HLTC

0.12%

0.12%

Supply & Borrow Assets

3%

3%

Staking Pool (Normal)

Pool

Allocation

Filda (2%)

fUSDT

0.5%

fHUSD

0.5%

fETH

0.5%

fHT

0.5%

LHB (2%)

LHT

0.5%

LHUSD

0.5%

LUSDT

0.5%

LETH

0.5%

LP Staking Pool (Normal)

Allocation

HT-hFLUX

5%

USDT-hFLUX

5%

HUSD-hFLUX

5%

Bootstrap Mining Bonus: 750,000 FLUX

Supply & Borrow Pool (Bootstrap Bonus: 750,000 * 24%)

Supply Allocation (Bootstrap Bonus: 750,000 * 12%)

Borrow Allocation (Bootstrap Bonus: 750,000 * 12%)

USDT

20%

20%

HUSD

16%

16%

HBTC

15%

15%

ETH

15%

15%

HT

15%

15%

HFIL

5%

5%

HDOT

5%

5%

HBCH

5%

5%

HLTC

4%

4%

Staking Pool (Bootstrap Bonus: 750,000 * 16%)

Pool

Allocation

Filda (8%)

fUSDT

2%

fHUSD

2%

fETH

2%

fHT

2%

LHB (8%)

LHT

2%

LHUSD

2%

LUSDT

2%

LETH

2%

LP Staking Pool (Bootstrap Bonus: 750,000 * 60%)

Allocation

HT-hFLUX

20%

USDT-hFLUX

20%

HUSD-hFLUX

20%