Mitosis Expedition: Guidelines to the LP Campaign.
Mitosis helps people put their digital money to work across many different blockchain networks. Instead of having to move your money around yourself, Mitosis does it for you. You put your tokens (like weETH, weETHs, uniETH or ezETH) into Mitosis, and it gives you a receipt (miAssets).
The Mitosis Expedition campaigns aimed to leverage the power of decentralised finance to increase network activity and adoption across multiple blockchain networks through targeted liquidity provision and community engagement strategies.
About Mitosis Expedition
The Mitosis Expedition campaign is where LRT’s cross-chain expansion begins. Mitosis proposes a new, novel take on spearheading the proliferation of LRT across multiple networks. After establishing the new norm of multi-chain DeFi through LRTs, Mitosis will apply the same structure to other assets and imbue them with underlying yields.
Participating in The Mitosis Expedition campaign
Now for users to acquire miweETH (the token representing the weETH locked in Mitosis), users will deposit their weETH (or ETH) in Mitosis’ network and then get miweETH.
Assets Supported in Mitosis Expedition and How to Acquire Them
Assets supported: WeETH, WeETHs, UniETH, ezETH, uniBTC, cmETH.
Note: some of these assets on few chains have reached their Network TVL cap.
To participate just go to jumper and swap on your desired chain that is available on the expendition-website .
Boosts:
Morse boosts: 1.3x MITO Point Boost is activated for those who hold ≥ 1 $MORSE in wallet. Your $MORSE balance is refreshed daily, before the daily MITO Point calculation.
participating users can accumulate MITO Points, gain additional rewards, and be part of a growing DeFi ecosystem.
Participation Benefits:
MITO Points (weETH).
EigenLayer Points.
EtherFi Loyalty Points (2x).
Mitosis Vault.
Protocol Rewards.
Now more information on MITO Points…
What Are MITO Points?
MITO Points are rewards you earn by holding miweETH during the Expedition campaign. These points make you eligible for future Mitosis governance token ($MITO) airdrops and are a key part of the reward structure.
Daily Reward Scheme:
Your daily MITO Points are calculated based on your miweETH balance and boosted by various factors such as:
Additional Boosts.
Bonus Points.
Mitosis Badges.
Conclusion
Mitosis has introduced an effective approach to multi-chain liquidity management with its Ecosystem-Owned Liquidity model. Through its Expedition campaigns, Mitosis has successfully increased its TVL and user engagement across multiple networks.
Following the most recent expedition release of ezETH, the Mitosis community is torn in two between those with a long-term interest in mind and those just mostly interested in the airdrop.
As Mitosis approaches its Token Generation Event (TGE), the team faces a critical juncture. They must address the challenge of aligning community expectations with the protocol’s sustainable growth objectives. This will likely require:
Ultimately, Mitosis’s success will depend on its ability to convert speculative interest into real adoption and utility. By fostering a community that values the protocol’s fundamental strengths, Mitosis can build a more resilient foundation for its post-TGE future and solidify its position in the competitive DeFi landscape.
Useful links:
Comments ()