How to mint miassets in Mitosis?

Minting miAssets in Mitosis allows users to convert their deposited assets into yield-bearing tokens, which provide passive income and governance rights in the Ecosystem-Owned Liquidity (EOL) system.

1. Deposit Assets into Mitosis Vaults

• Users begin by depositing supported assets (e.g., ETH, USDC) into Mitosis Vaults on a supported blockchain.

• Once deposited, they receive Vanilla Assets (1:1 representation of their deposits) on Mitosis L1.

2. Convert Vanilla Assets to miAssets (Opt into EOL)

• To mint miAssets, users must opt into EOL by converting their Vanilla Assets into miAssets (e.g., miETH, miUSDC).

• This process unlocks the multi-chain yield opportunities provided by EOL.

3. Benefits of Holding miAssets

• Earn Passive Yield – miAssets automatically accrue returns from DeFi strategies deployed across multiple chains.

• Governance Participation – miAsset holders can vote in Mitosis governance to decide how liquidity is allocated.

• DeFi Utility – miAssets can be staked, lent, or traded within Mitosis L1’s DeFi ecosystem.

4. Redeeming miAssets (Opting Out of EOL)

• If users want to exit EOL, they can burn miAssets to reclaim their original Vanilla Assets.

• Once converted back, assets can be withdrawn from Mitosis L1 to the destination chain.