Matrix Theo Rewards: How It works and how you benefit

The Matrix Theo campaign in the Mitosis ecosystem is a special program where you can deposit ETH (as weETH, i.e., wrapped ETH) and earn multiple layers of rewards. It’s designed to reward participants not just with immediate yield, but also with loyalty incentives over time. In simple terms, when you join the campaign you start earning:

• MITO Points (weETH) – points denominated in ETH that accumulate as soon as you deposit.
• Theo token rewards – the campaign’s own token incentives that build up based on your deposit and how long you stay in.
• Straddle Vault yield – actual yield generated by an automated strategy using your deposit to earn more crypto.

On top of these, there are extra boosts (bonus multipliers) available for certain actions or holdings (like using a specific wallet or owning a particular NFT). This beginner-friendly guide will break down each of these reward components, explain when and how they start accumulating, and how you can maximize your benefits through the campaign’s boost mechanisms.

MITO Points (weETH)

MITO Points are rewards measured in weETH (wrapped ETH) that you start earning immediately once you deposit into the Matrix Theo vault. Think of these points as a running tally of your contributed ETH earning interest. As soon as your deposit transaction is confirmed, MITO Points begin to accrue with no waiting period. If you withdraw your deposit, you stop gaining these points, but until then they accumulate continuously.

Expedition Boosts and Timing: If you participated in Mitosis’s earlier program called Expedition (an earlier yield campaign and loyalty program), you might have earned special boosts (extra multipliers) on your MITO Points. The Matrix Theo campaign lets you carry over those Expedition boosts, but there are important timing requirements to get them:

• You need to redeem and re-deposit your Expedition assets in the same UTC day. For example, if you had miweETH from Expedition (the token representing your staked ETH in that program), you must redeem it back to weETH and deposit into the Matrix Theo vault on the same calendar day (before 00:00 UTC) to keep your boost.
• The size of your deposit in the new vault (plus any remaining balance from Expedition) should still meet the original boost’s criteria. In other words, you should deposit an amount that’s at least as much as the threshold that gave you the boost in the first place.

By following these steps, all your Expedition-earned multipliers will be “reflected” in the new campaign. If you miss the timing (for instance, you redeem late at night and don’t deposit until after midnight UTC), you could lose the automatic carry-over of those boosts. The platform’s interface will show a countdown or deadline to help you time this correctly. The key takeaway is: complete the transfer from Expedition to Matrix Theo without delay to preserve your bonus. When done right, you won’t lose any of your prior benefits, and your MITO Points (weETH) will continue to grow with the same boost as before.

(Note: If you’re completely new and didn’t join Expedition, you don’t need to worry about this – your MITO Points will still start accruing immediately, just without any legacy boosts.)

Theo Token Rewards

While MITO Points reward you in ETH, Theo token rewards give you upside in the form of Theo’s own tokens. These rewards also begin accumulating from the moment you deposit. However, the amount of Theo tokens you end up earning depends on how much you deposit and for how long you stay in the vault, with a few extra rules and boosts involved.

When Theo Rewards Start and How They’re Calculated: Like the points, Theo token rewards start counting up as soon as your deposit is in. At first, the calculation is based on your deposit amount (the amount of weETH you put in). There is a lock-up period before you can withdraw your deposit (represented by maweETH (Theo) tokens). During this lock period, you can’t claim your deposit back immediately, but your Theo rewards keep growing. Once the lock expires and you “claim” your maweETH (Theo) (meaning you withdraw or become able to withdraw your deposit), the calculation for further Theo rewards switches to be based on how much maweETH you still hold in the vault. In simple terms:

• If you leave your deposit in throughout the campaign, you maximize your Theo token rewards because your full balance is counted the entire time.
• If you withdraw some or all of your deposit early, your future token rewards will be calculated on the smaller remaining amount (or stop if you fully exit). So pulling out funds reduces what you’ll eventually get in Theo tokens.

Reward Pool and TVL Thresholds: The Matrix Theo campaign has a predefined pool of Theo tokens set aside as rewards, and this pool can grow if the campaign attracts more deposits (TVL, or Total Value Locked). It starts at a base amount equivalent to 0.07% of Theo’s total token supply (if the total deposited remains below $10 million in value). As the vault’s TVL crosses certain thresholds, more of the token supply unlocks for rewards:

• At campaign TVL under $10 million: 0.07% of total THEO supply is allocated to reward participants.
• If TVL grows to $10–15 million: the allocation increases to 0.1% of total supply.
• If TVL grows to $15–20 million: it increases to 0.15% of total supply.
• Higher TVL milestones (above $20M) will unlock even larger portions (to be announced as the campaign progresses).

Table titled "Total Theo Token Rewards Unlocked (%)" and corresponding "TVL in maweETH or weETH". It shows that if the Theo campaign’s TVL is below $10M, 0.07% of Theo’s total token supply is unlocked as rewards. If TVL is below $15M, 0.1% of the supply is unlocked; if below $20M, 0.15% is unlocked. Higher TVL thresholds are labeled "Coming Soon", indicating that larger total deposits will unlock higher reward percentages (up to a maximum tier). This chart illustrates how a higher total deposit amount in the campaign leads to more Theo tokens being distributed to everyone. The exact number of tokens you personally earn will depend on your share of the total deposits and how long you keep your funds in play. The system uses a time-weighted average balance (TWAB) over the campaign period (for example, 6 months) to fairly calculate each participant’s share of the Theo reward pool. In practice, you don’t need to worry about the math – just remember that the more you deposit and the longer you stay in the vault, the larger your portion of the Theo tokens will be. All Theo token rewards are scheduled to be distributed by the Theo team after the token’s launch (TGE, or Token Generation Event), so you’ll receive your earned Theo tokens once the campaign concludes and the token is officially released.

Boosts for Theo Token Rewards: The campaign offers additional boosts that can increase the amount of Theo tokens you earn:

• Holding Duration Boost: This boost rewards you for each consecutive day you stay in the campaign. For every day you hold at least 0.1 maweETH (Theo) in the vault without withdrawing, your eventual Theo token reward gets a +0.05% increase (stacking up each day). These daily boosts accumulate over time. For example, if you remain in the vault for 20 days straight, you’d gain about a 1% extra reward (20 days × 0.05% per day). Staying 100 days would net you roughly a 5% boost. This is separate from any holding boost that existed in Expedition – it’s a new bonus specific to the Theo campaign, encouraging you not to withdraw early.

Bracket Boost: This boost gives a slight multiplier based on the size of your deposit. The Matrix Theo vault has set “brackets” or tiers of total maweETH held, and if your deposit falls into one of those ranges, you get a corresponding boost on your Theo rewards.

Table showing deposit amount brackets and their corresponding reward multipliers (Bracket Boost). The left column lists ranges of deposited maweETH (or weETH), and the right column shows the multiplier applied. No extra multiplier is given for an amount below 1. For a deposit between 1 and 3, the multiplier is 1.007× (approximately +0.7%). For 3 to 5 it is 1.01× (+1%), 5 to 10 is 1.015× (+1.5%), 10 to 25 is 1.02× (+2%), 25 to 40 is 1.025× (+2.5%), 40 to 55 is 1.03× (+3%), 55 to 100 is 1.033× (+3.3%), 100 to 200 is 1.04× (+4%), 200 to 500 is 1.045× (+4.5%), 500 to 1000 is 1.05× (+5%), and for 1000 or more, 1.055× (+5.5%) is the multiplier. In other words, larger deposits earn a slightly higher rewards rate. The increases are relatively small (fractions of a percent), but it does give an extra edge to those who commit more funds. Both the Holding Duration Boost and the Bracket Boost will multiply your Theo token accrual, and they can work in tandem (along with the general TVL-based increase) to improve your overall token haul.

Straddle Vault Yields

Aside from points and tokens, the Matrix Theo campaign also generates Straddle Vault yield, which is essentially interest earned on your deposit through a strategy involving Aave and Hyperliquid. This yield is what makes the campaign’s rewards sustainable, because it comes from real market activity rather than just printing new tokens. Here’s a simple breakdown of how your deposited ETH is put to work to generate this yield:

1. Deposit into Mitosis Vault: When you deposit your weETH into the Mitosis Matrix Straddle vault, it doesn’t just sit idle. The vault uses your weETH as collateral on Aave (a decentralized lending protocol).
2. Borrowing USDC: Using the deposited ETH as backing, the vault automatically borrows USDC (a U.S. dollar-pegged stablecoin) from Aave. This effectively lets the vault leverage your ETH deposit to get additional capital to invest.
3. Theo Straddle Strategy on Hyperliquid: The borrowed USDC is then deployed into Theo’s Straddle strategy on a platform called Hyperliquid. Hyperliquid is a derivatives exchange, and the Straddle strategy there is designed to capture funding rate earnings on ETH perpetual futures. (Funding rates are periodic payments traders pay or receive to keep the price of a perpetual futures contract in line with the spot price of ETH. The strategy earns yield from those payments.)
4. Automated Rebalancing: The vault’s strategy is automated – it will adjust (rebalance) positions based on ETH price movements to manage risk and ensure the strategy continues to work as intended. You don’t have to do anything; this is handled by the vault’s smart contracts.
5. Compounding Yield: Any yield or profit generated from the Straddle strategy (earned in USDC/ETH from the funding payments) is converted back into the vault. The profits are used to acquire more weETH (or pay off the USDC debt), effectively compounding the gains. This means the value of the vault grows over time. As yield accrues, the conversion ratio of the vault’s token (maweETH) to underlying weETH increases. For example, initially 1 maweETH equals 1 weETH. After some yield has been earned and compounded, 1 maweETH might be redeemable for 1.01 weETH, later 1.02 weETH, and so on – without you adding any extra funds, the vault token becomes more valuable.

Diagram illustrating the flow of assets in the Matrix Theo vault strategy. It shows your deposited weETH going into Aave as collateral, then USDC is borrowed and sent into Theo’s Straddle vault. That straddle strategy on Hyperliquid captures ETH funding rate profits. The diagram highlights that yield and rewards are returned to the user as vault growth (Straddle yield) plus Theo token incentives and Mitosis Points. This diagram summarizes how the vault leverages multiple platforms to generate real yield on your deposit.

When does this yield start? The Straddle Vault yield doesn’t start accruing the instant you deposit, but it begins once your deposit is actively deployed in the strategy. The campaign operates in cycles (sometimes called rounds). When a new round begins, all deposited funds (including yours) are put to work in Aave and Hyperliquid. At that point, your deposit has effectively become maweETH (Theo) in the vault and is earning yield. In practical terms, there may be a short waiting period from the time you deposit to the time the next strategy cycle starts – but once it does, your share of the vault will start growing. You’ll know your funds are active when your maweETH becomes claimable, meaning you’re allowed to withdraw it (though you can choose to stay to keep earning). From that moment, the auto-compounding yield is increasing your balance continuously in the background.

The important thing to understand is that the Straddle yield is built into the vault’s value. You won’t see a separate token given out for yield; instead, your deposit itself grows. This is reflected as an increasing exchange rate between the vault token and ETH. So if you stay in the vault, your weETH will multiply over time thanks to this strategy. It’s a way of earning interest on your crypto similar to an interest-bearing account, but powered by DeFi trading dynamics.

Additional Boosts

In addition to the specific boosts for Theo token rewards discussed earlier, the Matrix Theo campaign also offers a couple of special bonuses that apply to both your Theo token rewards and your MITO Point (weETH) accumulation. These are meant to encourage certain user behaviors and community participation:

• OKX Wallet Boost: If you make your first deposit into the Matrix Theo vault using the OKX Wallet (a popular crypto wallet app/extension) instead of another wallet, you can get an extra +0.5% reward multiplier on both your Theo tokens and MITO Points. To receive this boost, you must use the OKX Wallet browser extension when depositing (connecting via WalletConnect or MetaMask won’t count). After your deposit, a prompt (“Get OKX Boost”) will appear – click that and sign the message to confirm your wallet for the boost. Once done, you’ll have a permanent 0.5% increase applied to your rewards. This is like a small bonus for users of the OKX wallet.
• Morse Holder Boost: Morse NFTs are special collectibles in the Mitosis community. If your wallet holds at least one Morse NFT, you automatically qualify for a +1% boost on your Theo token and MITO Point rewards. The vault will detect the NFT in your wallet, and your rewards will be increased accordingly. (There’s no extra action needed from you aside from holding the NFT.) This effectively rewards community members who own a Morse NFT with a slightly higher yield.

Both of these boosts stack with the other reward multipliers. They might seem small (half a percent or one percent), but every bit adds up, especially when combined with the holding and bracket boosts. For example, a user who uses OKX Wallet and also holds a Morse NFT would start with a 1.5% total boost on all rewards (0.5% + 1%), on top of any other bonuses they earn.

Conclusion

The Matrix Theo campaign’s reward system might sound complex at first, but it essentially boils down to rewarding you for participating and sticking with the program. You deposit ETH and earn:

• Immediate ETH-based rewards (MITO Points) that track how much your contribution grows over time.
• Future Theo tokens that give you a stake in the Theo project, with more tokens earned if you deposit more and stay longer.
• Automated yield from a sophisticated vault strategy, which increases your underlying ETH deposit over time.

By understanding the start times and conditions for each – MITO Points start right away, Theo tokens accrue and will be paid out after the token launch based on your average balance, and vault yields kick in once your funds are actively in the strategy – you can plan your approach to maximize these benefits. If you were an early supporter (Expedition participant) or a dedicated community member (Morse NFT holder or OKX wallet user), the system makes sure you get extra perks through those boosts.

For a beginner, the key actions are: deposit what you’re comfortable with, keep it in the vault to let rewards build up, and take advantage of any bonus boosts you’re eligible for. Over the course of the campaign, you’ll see your deposited amount grow in ETH terms and you’ll accumulate token rewards – all of which reflects Mitosis’s focus on long-term, sustainable DeFi participation. In short, the longer and more actively you participate, the more you earn, turning the Matrix Theo campaign into a rewarding journey for those who commit to it.