A Beginner Guide On Getting Started With Mitosis Ecosystem

A Beginner Guide On Getting Started With Mitosis Ecosystem

Mitosis Ecosystem is a Layer 1 blockchain transforming decentralized finance (DeFi) with its Ecosystem-Owned Liquidity (EOL) model. It aims to streamline yield generation across chains, empower liquidity providers and make DeFi more accessible to retail users. This article provides a step-by-step guide to getting started.

STEP 1: UNDERSTAND MITOSIS ECOSYSTEM Before you dive in, it's important to grasp the key innovations that make Mitosis unique, some of which includes: A. Ecosystem-Owned Liquidity (EOL) →LPs deposit assets into Vaults. → They receive miAssets e.g miweETH in return. → miAsset represent vault shares and generate yield. →Liquidity is automatically allocated to high-yield opportunities across chains , no need for manual pool hunting. B. Mitosis Expeditions (Game of Mito) →Participate in tasks and DeFi activities to earn MITO Points. →These points could be used for airdrops or governance perks. →Leaderboards and badges make the experience gamified and community-driven. C. Cross-Chain Interactions Mitosis uses protocols like Jumper and Hyperlane for seamless asset transfers between chains like Ethereum, BSC, and others. D. Matrix The DeFi Yield Hub →Deposit assets to access curated yield strategies. →Partnerships with leading protocols . E. Governance →Holding miAssets gives you voting power to shape the ecosystem’s future. →Decide where liquidity flows, which projects to support, and more. STEP 2: SET UP A WEB3 WALLET You’ll need a crypto wallet to interact with Mitosis. Some popular wallets includes;MetaMask: For EVM chains; browser extension and mobile app. →OKX Web3 Wallet: Integrated with Mitosis. →Binance Web3 Wallet: For Binance ecosystem users. HOW TO SET UP A METAMASK ACCOUNT 1. Download metamask app or chrome extension. 2. Click “Create New Wallet” and set a strong password. 3. Write down your 12/24-word seed phrase securely offline. 4. Switch to the Sepolia Test Network (for testnet). 5. Add the Mitosis RPC network manually if prompted (details in doc ) 6. Never share your seed phrase. STEP 3: JOIN MITOSIS COMMUNITY To maximise the most on mitosis ecosystem , its important to join the official channels and community. Engagement is critical for testnet access and reward eligibility.

→ Join the mitosis discord official channel Complete role verification (explained in Step 5). Ask questions, report issues and follow task updates. → Follow Mitosis on X (Twitter) @MitosisOrg Enable notifications for campaign updates and airdrop hints. Engage with posts using tags like #MitosisExpeditions, $mito #mitosis and GameofMito

→ Participate in proposal discussions at the official governance forum Build reputation for future on-chain votes. STEP 4: ACCESS THE MITOSIS TESTNET "Game of Mito" Go to main dashboard Use an invite code if required

Click “Connect Wallet” on the portal. Approve connection via MetaMask or OKX. Ensure you are on Ethereum Sepolia Testnet Go to Faucet and click “Activate”. Verify your Discord and X accounts (anti-sybil check). Tokens should arrive in a few minutes

Test Tokens You Might Get: testETH, testweETH, testUSDT. STEP 5: DEPOSIT INTO VAULTS AND EARN MITO POINTS Using Vaults 1. Go to the Vaults section on the dashboard. 2. Select a vault (e.g weETH Vault). 3. Deposit your test tokens. 4. Approve transaction in MetaMask. 5. Receive miAssets (e.g miweETH). Earning MITO Points Simply holding miAssets earns you XP/MITO Points.

Participate in campaigns for bonus multipliers. Engage with partner protocols to unlock badges. STEP 6: VERIFY YOUR WALLET AND SOCIAL ACCOUNTS This step is required for point eligibility and leaderboard participation. 1. Go to the #role-verify channel in Discord. 2. Click the bot link and connect your X and Discord. 3. Use the same wallet address across dashboard and socials. 4. Confirm verification via on-screen prompts. Without this step, you may not earn MITO Points or qualify for future rewards. Mitosis ecosystem simplifies and empowers DeFi participation through unified liquidity, yield-bearing miAssets, and gamified testnet rewards. If you are just exploring mitosis ecosystem, this should practically guide you on how to get started with ease.

GMITO