MEXC Launches ETHFI Euphoria: $1M Prize Pool, Zero-Fee Trading & High-Yield Staking
MEXC has launched the ETHFI Euphoria campaign (Dec 15, 2025–Jan 14, 2026) in partnership with ETHFI, offering a $1 million prize pool, zero-fee trading on multiple ETHFI spot and futures pairs, and tiered staking rewards that include an exclusive new-user weETH five-day stake with up to 200% APR. The promotion includes six main tracks: 1) zero trading fees on ETHFI spot pairs (ETHFI/USDT, ETHFI/USDC, ETHFI/USDE, ETHFI/USD1) and ETHFI futures; 2) a Mega Spin prize pool sharing 50,000 ETHFI and 100,000 USDT; 3) a new-user weETH stake (0.035–0.15 weETH per user, first-come, first-served) offering up to 200% APR; 4) deposit-and-spot-trade rewards that distribute 150,000 ETHFI (minimum 100 USDT deposit and 100 USDT ETHFI spot trade required; first 10,000 new users get 10 ETHFI, with additional pools for higher-volume traders); 5) futures incentives totaling 200,000 USDT (including a 50,000 USDT new-futures welcome pool and a 150,000 USDT leaderboard pool); and 6) ETHFI staking for users who complete Primary KYC to earn up to 25% APR with instant redeemability for trading. The campaign targets both new and existing users to boost ETHFI liquidity, spot and futures volumes, and staking participation. Traders should note participation limits, first-come-first-served caps, KYC requirements, regional availability variations, and stacking/exclusion rules when planning trades or liquidity provision. Main keyword: ETHFI (appears multiple times); secondary keywords: MEXC, zero-fee trading, staking rewards, prize pool.
Bullish
The promotion is likely bullish for ETHFI in both the short and medium term. Zero-fee spot and futures trading lowers transaction costs and can increase trading volume and liquidity, which typically supports tighter spreads and higher on-chain/off-exchange activity. Generous staking offers (up to 200% APR for a limited new-user weETH stake and up to 25% APR for KYC stakers) and sizable reward pools (50,000 ETHFI, 150,000 ETHFI, and large USDT pools) create direct buying pressure as users acquire ETHFI to qualify for rewards and staking. New-user incentives and first-come-first-served allocations should drive swift inflows that can lift price near-term. However, some effects may be transient: rewards are time-limited (one month), many incentives are token-distribution based, and instant redeemability for staking could enable quick profit-taking, increasing volatility. Over the longer term, sustained price support will depend on whether the campaign produces lasting trading interest and on-chain utility for ETHFI beyond promotional demand. Traders should watch for rapid liquidity inflows, short-term volatility around campaign milestones, and potential sell-side pressure when large reward recipients liquidate tokens.