[Manage]: Liquidity Mining
To participate in the lucrative staking and mining activity, users are required to meet two key conditions:
They must borrow ASEAN USD (USDA) – a digital stable coin firmly backed by fiat assets of ASEAN countries – from a lending platform. This is done by using collateral to obtain USDA, which is always redeemable at a 1:1 ratio for US dollars, making it a reliable choice for staking.
Users need to possess MEK tokens, the governance token of ASEAN, featuring a deflationary mechanism. Holding MEK tokens grants substantial staking benefits and voting rights, enabling the creation of a USDA-MEK pair for LP (Liquidity Provider) staking mining.
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