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Redeem miweETH

Redeem miweETH

Redeeming your miweETH is burning miweETH to retrieve the underlying weETH. When you execute redeem transactions, Mitosis will:

  1. Burn your miweETH
  2. Transfer your previously deposited weETH back to you

Community Redistribution (CR)

When you redeem miweETH, you return some of your MITO Points (weETH) 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 miweETH 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.