The Mitosis Matrix Theo campaign has been turning heads in the DeFi world, and if you’re participating—or even just watching from the sidelines—you probably have questions. Good news: we’ve gathered the most frequently asked ones and transformed them into a comprehensive, conversational guide you’ll actually enjoy reading.

In this blog, we’ll explore the most critical elements of the Matrix campaign, from smart contract audits and deposits to eligibility tiers and reward structures. Whether you're a seasoned yield strategist or new to the Mitosis ecosystem, this guide will help you navigate the Matrix with confidence.

Matrix Vaults: Are They Safe?

Audits Matter. Here's Why.
When dealing with vaults and smart contracts, security is everything. Mitosis understands that. That’s why the Matrix Straddle Vault currently uses contracts that have already been battle-tested with Theo’s previous vaults. These Theo Straddle Vault contracts underwent a major Code4rena audit in Q3 2024, and another audit by Zellic is wrapping up in Q1 2025.

When Mitosis launches its mainnet, Matrix Vaults will get their own dedicated set of smart contracts, also to be audited by Zellic. In short: your funds are being protected by some of the best security practices in DeFi today.

For a deeper dive, check out our post on how smart contract audits help safeguard DeFi ecosystems.

Deposits, Withdrawals & Downtime: What to Expect

Connecting Your Wallet
Struggling to connect your wallet? Ensure you’ve switched to the Ethereum mainnet—it's a common hang-up. Once you're on the right network, things should snap into place.

Depositing miweETH? Timing Is Everything.
If you’re depositing miweETH, make sure you do so outside the daily 5-minute maintenance window from 11:55 PM to 12:00 AM UTC. During this time, the point calculation system takes a quick breather, so any attempted deposits may not go through.

Withdrawals Are Flexible—With a Catch
One of the coolest things about Matrix Vaults is that they don’t lock up your funds. You can withdraw at any time, but there’s a trade-off: you’ll forfeit up to 20% of your earned Theo tokens and MITO Points (based on your Time-Weighted Average Balance).

Partial Deposits? Don’t Panic.
Sometimes only part of your deposit might make it into the vault. This can happen when the deposit cap is updated during high traffic. If you think you’ve lost rewards or boosts due to this, open a support ticket in our Discord with your wallet address and deposit date. Our team can retroactively fix the issue.

Eligibility Criteria: Who Can Join?

Phase-Based Access
Matrix's campaign is divided into multiple phases, with Phase 1-3 open only to users who met specific snapshot criteria taken on March 3, 2025 at 00:00:00 UTC. But don’t worry—Phase 4 is open to everyone.

Do Tiers Matter?
Yes—but not always the way you think. If you're in the Diamond Tier for miuniETH, you're eligible to deposit miweETH in Phase 1—even if your miweETH tier is only Gold. Similarly, if you deposited in any asset during Expedition Epoch 1 (excluding ezETH and cmETH), you're eligible.

Wallet Compromised?
Unfortunately, eligibility can’t be transferred between wallets. It’s a security measure to ensure the integrity of the snapshot data.

Understanding Rewards: Points, Tokens, and Boosts

Claiming Rewards
Theo token rewards will be distributed after the TGE (Token Generation Event). So sit tight—your Theo tokens are coming.

How MITO Points Work
MITO Points (weETH) are calculated using both your miweETH and maweETH (Theo) balances. If there’s a delay in claiming your maweETH (Theo), don’t worry—the system still credits your weETH amount for point calculations during that period.

Morse and OKX Wallet Boosts
Yes, you can stack your Morse Boost from both Matrix and Expedition. Also, using other wallets after activating your OKX Wallet Boost won’t deactivate it.

But note: if you close the "Deposit Complete" modal before activating the Boost, you can’t go back and activate it later. You’ll have to initiate a first deposit on another network to trigger a new modal.

The Vault Lifecycle: Claiming, Converting, and Timing

Conversion Rates Explained
If you received less maweETH (Theo) than the weETH you deposited, that’s actually good news. Vault yields are auto-compounded, improving the conversion ratio over time.

Waiting Periods
It typically takes 2-4 days to claim your assets after initiating a deposit or withdrawal. Delays of up to 7 days can happen if the Theo vault rounds require extra manual review or delayed multi-signature confirmations.

Community Redistribution (CR) Redemption Confusion
Seeing CR Redemption messages while bridging or redeeming? These are estimates only. If you follow the conditions in the Matrix Theo rewards page, you won’t lose any points or rewards.

What Happens After the Campaign?

Once the campaign ends, deposits will be disabled. However, you’ll still be able to:

• Withdraw your maweETH (Theo)
• Utilize your tokenized LP positions on other supported dApps
• Claim your Theo token rewards once distribution begins

If you're curious about what comes next in the Mitosis roadmap, check out our latest development update.

Bonus: Miscellaneous but Important!

Discord Roles Are Safe
Worried about losing your Expedition Explorer role after depositing miweETH? Don’t be. Once your miweETH converts to maweETH (Theo), that asset becomes the new verification standard for role eligibility.

Understanding the Risks
Like every DeFi strategy, the Matrix Theo campaign comes with risk. We highly recommend reading the Theo Straddle Vault Risk Documentation for a full breakdown.

Final Thoughts

The Matrix Theo campaign is more than just another yield strategy—it’s a thoughtfully designed DeFi experience built with transparency, flexibility, and community in mind. Whether you’re here for the rewards, the tech, or just the vibes, there’s a place for you in the Mitosis universe.

Still have questions? Explore more content on the Mitosis Glossary or drop by the Mitosis Discord to chat with the community.

And if you found this guide helpful, don’t forget to bookmark it or share it with fellow vault strategists.