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Mitosis

Category: Layer 1, Restaking, LRT (Liquid Restaking Token)

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Overview

Total XP Rewards

80

Estimated Rewards

$10M

Funding

$7M

Current Stage

Season 2

Total value locked

$88.34M

Unique Users

-

Chains

chain imagechain imagechain imagechain imagechain image

Phase

Mainnet

Structure

Points based

Gas

Yes

Grade

B

Tasks

0/3

TGE

Q1-2025

Type

Restaking

Confirmed

Yes

Date

9 months ago

Introduction

  • Mitosis is an Ecosystem-Owned Liquidity (EOL) layer1 blockchain that facilitates newly created modular blockchains to capture TVL and attract users through the Mitosis governance process.

Tasks

task-link

Visit https://expedition.mitosis.org/dashboard

  • Connect your wallet.
  • Select the chain to deposit your eETH (or weETH) and enter the amount.
  • Click "Deposit" and confirm your transaction.
  • Check your newly issued miweETH. Hold miweETH to keep earning MITO Points.

 

task-link

Visit https://expedition.mitosis.org/deposit

  • Connect your wallet.
  • Claim your Badges.
task-link

 

Referring friends earns you bonus MITO Points (weETH) at a default rate of 2% of their daily totals, which can increase up to 6% depending on your "Evangelist" badge level.

 

Fundamentals

  • Pooling Liquidity Advantage: The cumulative liquidity of EOL raises its bargaining power, offering LPs the privilege of early entry and better returns.
  • Multi-Network Benefits: LPs can deposit into the Mitosis Vault on Ethereum and benefit from innovations across multiple networks.
  • Enhanced Bargaining Power: Pooled liquidity of all LPs in EOL increases the ecosystem's bargaining power.
  • Symmetric Access: All LPs gain access to early opportunities, lucrative rewards, and minimum yield, previously reserved for a few.
  • Informed Decision Making: Asset Allocation Governance facilitates better decision making for LPs through clear reward systems and collective intelligence.
  • Reduced Centralization Risk: EOL spreads management responsibilities amongst different LP’s with diverging interests thus reducing centralization risk for protocols.

 

Potential Rewards

  • Liquid restaking tokens (LRT) have the potential to become the next-generation DeFi primitive. 
  • In the near future, LRTs must exist in hundreds, if not thousands, of modular rollups, Mitosis is the partner in LRT's inevitable multi-chain transition.
  • Expedition (weETH) offers LPs multiple yield sources and future benefits.
  • MITO Points (weETH): Accumulating MITO Points grants eligibility for Mitosis governance token ($MITO) airdrops.
  • EigenLayer Points: miweETH holders continue to earn EigenLayer Points.
  • EtherFi Loyalty Points: miweETH holders earn EtherFi Loyalty Points with a 2X boost in Expedition (weETH).

Points and miweETH:

  • Holding miweETH is required to earn Points.
  • Redeeming miweETH deducts Points balance for community redistribution.
  • Withdrawals can be made at any time with no lockup.

Investors

  • Foresight Ventures
  • Big Brain Holdings
  • Amber Group

Audit

  • Secure 3
  • Omniscia

Features

miweETH Overview

  • miweETH is a derivative token representing weETH locked in Mitosis.
  • LPs deposit weETH into Mitosis and receive miweETH on a 1:1 basis.
  • miweETH holders can burn miweETH to retrieve the underlying weETH.

Badges and Boosts

  • Claim badges by connecting X, following Mitosis, and earning EL points.

Boost Types:

  • Holding Duration Boost: Increases daily based on how long miweETH is held.
  • Bracket Boost: Based on balance brackets.
  • EL Boost: For EigenLayer Points holders.

Tiers

  • Bronze: Bottom 30% in Total MITO Points (weETH) balance
  • Silver: Top 70% in Total MITO Points (weETH) balance
  • Gold: Top 30% in Total MITO Points (weETH) balance
  • Platinum: Top 10% in Total MITO Points (weETH) balance
  • Diamond: Top 2% in Total MITO Points (weETH) balance

 

Non-Financial Advice

  • Research:  Explore project's documentation, audits, and community.
  • Understand risks:  DeFi has vulnerabilities, market volatility, and token fluctuation.
  • Invest wisely:  Only invest what you can afford to lose.
  • Beware of scams:  Don't trust unsolicited outreach or guaranteed returns.

*ANZALI only provides suggestions and not financial advice. Use all of the information above at your own risk.

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