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Redeem miweETHs

Redeem miweETHs

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

  1. Burn your miweETHs
  2. Transfer your previously deposited weETHs back to you
Please note

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 miweETHs, you return some of your MITO Points (weETHs) 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 miweETHs 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.