A Guide to Zootosis - Mitosis X MorphLayer
Welcome to Zootosis, The yield expedition begins now on Morph, and the biggest DeFi event yet with @MitosisOrg.
Deposit assets, access dual rewards, and take part in the first Matrix Vault deployment on Morph.
Follow along and learn what Zootosis is and how you can participate in it ⬇️
What is Zootosis:
Zootosis is a new onchain event from Morph and Mitosis that lets you access rewards by simply depositing your assets.
It’s designed to grow long-term liquidity and reward the people who help build it.
No lockups. Just deposit to unlock more.
The Goal of Zootosis:
mitosis matrix vault will be live on morph L2, which is practically called Zootosis
the aim of the collaboration is for mitosis is to fulfill their goal by paving the way for users to gain access to beautiful yields
remember, mitosis is a hub for programmable liquidity so this is another step to achieve that, so they opted for one of the best L2s out there
What can you deposit in Zootosis:
Main assets: WETH, WBTC, USDC, USDT
Coming soon: mphETH, weETH, STONE, sUSDe, and more
Depositing gets you Zoots - your share of Zootosis rewards.
Bonus: Deposit in the first week to receive more Zoots!
Let's break it down even further
main assets - $80m
secondary assets - $60m
amounting to a cap of $80m + $60m = $140m
Main Assets ($80m) --> $20m cap per asset:
- WETH(~8,000 ETH at $2,500 average price)
- USDT ($20m)
- USDC ($20m)
- WBTC (~193 BTC at $104,000 average price)
Secondary Assets ($60m):
- ETH Derivatives - mphETH, weETH, STONE ($10m cap each; ~4,000 ETH at $2,500)
- BTC Derivatives - LBTC, SolvBTC ($5m cap each; 48.25 BTC at $104,000)
- Stablecoins - sUSDe, USDa, USDs, USDs/DAI, sbvUSD ($5m cap each)
How to Deposit to Zootosis
To deposit into Zootosis, Go to: https://morph.mitosis.org/
You can also Bridge funds to Morph via:
- Morph native bridge: https://bridge.morphl2.io/
- Stargate bridge: https://stargate.finance/
More info on this Zootosis assets and bridges here:
Crypto Pikin
Ramtin
What are Zoots:
You’ll receive Zoots when you deposit and hold assets in Zootosis.
The amount of Zoots you receive determines your Morph and Mitosis token rewards at the end of the event.
More Zoots = more rewards
Bonus: Morphies NFT holders receive a reward multiplier!
Deposit phases:
Phase 1 —> direct deposits to earn zoot points:
- anyone would be able to deposited any of the supported assets from ETH, BTC, to stablecoins
- you will also be able to select your deposit period, the longer you opt for, the bigger your supposed yield
Phase 2 —> for specialized supply options:
In this Phase, you will get the chance to direct your liquidity to AMMs and money market within morph ecosystem, for anyone you opt for, you will receive specific maAssets for major benefits
Some benefits include:
- accrual of points
- specific rewards (depending on your strategy)
- yield profiles based on different risk preferences
- deeper integration w Morph ecosystem, which is powered by Morph Pay
You can read more on Mitosis and Morphlayer recent partnership here:
lilybarbie
Final Thoughts:
Mitosis Mainnet is only few weeks from now, If you are liquid enough and want to put your money to work for you, Deposit it into the Zootosis vaults.
Like I always say, Stay Positioned!!
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