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Mitosis Expedition for Newcomers

Mitosis Expedition for Newcomers
app.mitosis.org
Are you recently enter Mitosis Discord?
Have any ETH, BTC, that are laying with no purpose in your wallet?
Want to experience DeFi future now?
Then You are in a right place now!
End to end guide here!

What is Mitosis Expedition?

Expedition Campaign's main purpose is to show Mitosis' fundamental features, that next soon will be implemented in L1 Mitosis Mainnet Launch:
- Deposit and Redeem;
- Deposit assets - receive miAssets;
- Hold miAssets - to get $MITO Points.

Points might play crucial role after TGE and Mainnet Launch.
So GOAL is to generate as much $MITO Points as you can and discover all mechanism to participate further in Mitosis L1.

Guide for Expedition

It's now cover 6 different assets - WeEth, WeEths, UniEth, UniBtc, EzEth, CmEth.
Guide will be made based on WeEth, but you can choose whatever asset you like (DYOR).

1) Get WeEth:

Firstly to deposit in Expedition, you need to acquire WeEth in one of next chains:
Ethereum, Linea, Scroll, Arbitrum, Mode, Blast.
Two variants how to get it:

ether.fi available network to stake and then to participate in Expedition
ETH to WeEth Swap on Relay/Jumper
💡
Make sure to verify WeEth and other tokens Contract addresses.
Different chains have different addresses for it, few examples:

ETH:0xCd5fE23C85820F7B72D0926FC9b05b43E359b7ee
ARB: 0x35751007a407ca6FEFfE80b3cB397736D2cf4dbe
Linea: 0x1Bf74C010E6320bab11e2e5A532b5AC15e0b8aA6

2) Deposit

Go to https://app.mitosis.org/expedition/deposit?asset=weETH:
1. Choose chain, in whatever you want to Deposit;
2. Enter amount of WeEth;
3. Press Deposit button and sign token allowance and transaction;
4. Import "miWeEth" to your Wallet.

Each step of Deposit WeEth in Expedition

My congratulations!

You are now acquired fundamental asset in Mitosis - MiAsset (miWeEth). It will grant you access to all benefits of EOL (Ecosystem-Owned Liquidity) in L1 Mainnet. Read more about EOL in article:

Illustration of EOL principle by @bjjs_20 (X Acoount)

3) How to get more Mito Points?

As i said previously - goal of Expedition is to generate as much Mito points as you can. It generated based on your Deposit amount + Multipliers (Expedition boosts).
Boost, that are now available to get:

  1. Chain boost - based on chain you Deposit in (from 1.1x to 1.3x)
  2. Epoch Boost - earlier you stake - greater multiplier you get (up to 1.7x)
  3. Welcome Boost - you can get it by entering any referral code from another user (flat 1.15x)
  4. Bracket Boost - more miAssets you have - greater boost (up to 2.0x)
  5. Holding duration Boost - more days you hold - greater boost.
  6. Morse Boost - for holding official Mitosis NFT (1.3x) - more about Morse for newcomers in my article.
  7. Referrer Boost - boost for referring other users

If you enjoyed reading, please, Follow me on X - @underoakeyebrow to discover even more insights about Morse and Mitosis.

All visuals made/modified by me with using Mitosis images/resources from Mitosis Brand Universe. If any art made by community - it mentioned in article.

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