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Introducing TheoNetwork Matrix campaign : How to maximise your reward

Introducing TheoNetwork Matrix campaign : How to maximise your reward

With the recent collaboration of Mitosis and Theo , they introduced Matrix Straddle vault campaign , a campaign that allows users earn vault yield , Theo token reward and Mito point which at some time in the future be converted to $Mito .

As we go along, i'll detail what you need to know about the campaign and how to maximise your reward

  • Depositing assets and chain

In this campaign, only two assets are eligible for participating and on 3 chains . The two assets are weETH and miweETH on Ethereum, Arbitrum and Linea.

  • Phase details ( Phase 1, 2, 3 and 4 )

Phase 1: This phase which started on March 13th is having a tremendous turnaround as the deposit cap at the time of writing is at 2570/3000 with deposit cap on Arbitrum and Linea already full. The cap for each chains are 800 ETH for Ethereum, 600 ETH for Arbitrum and 1,600 ETH for Linea. This phase will be ending when the cap is full or on the end date which is March 15 4pm UTC . To participate in this phase, there are some criteria you need to fulfill at least one to be eligible . These are :

      • Platinum expedition tier and hold at least 1 Morse
      • Deposited on Expedition Epoch 1

Phase 2 : This phase which goes live on March 25 , 5 PM UTC will be live for just 2 weeks from it start. The cap for this stage is 6000 ETH . The cap for each chains are 1,600 ETH for Ethereum, 1,200 ETH for Arbitrum and 3,200 ETH for Linea. The following are the criteria for depositing in the vault for phase two :

      • Platinum expedition tier and above
      • Game of Mito participants and Morse holder
      • Deposited on expedition 1 or 2
      • Holding ≥ 2 miAssets combined
      • Community contributors ( Sensei, miArtist, miWriter, miConsultant, miEvangelist, miAnalyst, and Guru )

Phase 3 : Phase 3 of this campaign is expected to go live immediately after Phase 2 ends and it'll also run for 2 weeks . The cap for this phase is 12,000 ETH . The cap for each chains are 2,000 ETH for Ethereum, 2,000 ETH for Arbitrum and 4,000 ETH for Linea. This phase is more inclusive as it incorporates a wider range of criteria to facilitate more community participations and the criterias are :

      • Gold expedition tier and above
      • Morse holders
      • Game of Mito participants
      • Deposited in epoch 1 or 2 or 3
      • Holding ≥ 0.1 miAssets combined

Phase 4 : This phase is the last phase of this campaign with no duration announced yet . The cap for this phase is unlimited and it's opened to all as long as you have to eligible assets on the eligible chains to deposit to the vault.

  • How to maximise your reward

Morse holders : Holders of 1 Morse and above gets 1% boost.

OKX wallet users : Depositing on this campaign through OKX wallet will get you 0.5% boost on your Theo token and Mito point (weETH) reward. It's important to note that you need to complete your first Matrix deposit with OKX wallet to activate the boost.

Holders benefit : In this campaign, the more assets you deposit, the more reward you get and you get 0.05% boost on your reward everyday.

Being early : This campaign starts with a base allocation of 0.07% of the total Theo token supply for reward. This allocation will increase as more users participate . So being early makes you share the available reward with a few before it's opened to everyone.

  • Withdrawals

In this campaign, you can access your deposit anytime . You can initiate withdrawal requests anytime and can get your assets immediately if you withdraw before a new round is generated but if you withdraw during a round , you'll get your assets in 2 days. It is important to note that withdrawing early comes with a penalty which is : You will forfeit max 20% of your accumulated Theo token reward and Mito points ( weETH ) when you withdraw any amount before Theo's TGE.

In my conclusion , participating in this campaign early if eligible in any of the phase gives you an edge as you can see in the first phase that even with it exclusivity, it's getting filled up quickly.

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