Redeem miezETH
Redeem miezETH
Redeeming your miezETH is burning miezETH to retrieve the underlying ezETH. When you execute redeem transactions, Mitosis will:
- Burn your miezETH
- Transfer your previously deposited ezETH back to you
Redeem is only available when an Epoch is live and your desired network's deposit cap hasn't already been reached. Redeem is not available when there is no live Epoch and your desired network's deposit cap has already been reached.
Community Redistribution (CR)
When you redeem miezETH, you return some of your MITO Points (ezETH) to Mitosis. This Community Redistribution (CR) process accumulates and redistributes the CR Points to the remaining LPs. The percentage of Points taken (maximum 10%) is calculated based on the redemption order size and how long you remained as an LP before redeeming.
The accumulated CR Points are first saved in the CR Treasury. The CR Treasury then redistributes the Points to LPs based on their Tiers and miezETH balances daily, with a 7-day cadence.
You can find more details on CR and CR Points in the "CR" section of the "About Tiers" page.