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Mitosis Vault

The Mitosis Vault securely stores assets deposited by users. The representatives of those deposits are then minted as Hub Assets on the Mitosis Chain.
Each Hub Asset directly corresponds to an underlying asset in the Mitosis Vault, maintaining a 1:1 deposit and redemption ratio. Hub Assets adhere to the ERC20 standard.
Importantly, Hub Assets are never utilized for EOL (Ecosystem-Owned Liquidity); their underlying assets remain safely stored in the Mitosis Vault at all times unless users opt-in the assets to EOL Vault.

Deposit​

alt text This diagram illustrates the deposit flow to the Mitosis Chain:

  1. A user deposits 1 ETH into the Mitosis Vault, where it's securely stored.
  2. The deposit is communicated to the Asset Manager on the Mitosis Chain via Hyperlane.
  3. The Asset Manager mints 1 ETH (hub asset) on the Mitosis Chain.
  4. The newly minted assets are transferred to the user on the Mitosis Chain.

Redemption​

alt text This diagram illustrates the redemption process from the Mitosis Chain:

  1. A user requests to redeem 1 ETH from the Asset Manager.
  2. The Asset Manager burns 1 ETH (hub asset) from the user.
  3. The redemption is communicated to the Mitosis Vault via Hyperlane.
  4. The Mitosis Vault transfers 1 ETH to the user on the original chain.