LPs on various networks deposit their liquidity into the Mitosis Vaults of their choice to onboard the Mitosis Ecosystem. Mitosis LPs receive their corresponding assets on the Mitosis L1 chain.
Mitosis LPs can leverage their assets across various DApps on the Mitosis Chain, with one option being depositing them in the EOL Vault.
EOL LPs receive miAssets in return for their deposits into the EOL Vault.
The Mitosis Ecosystem decides how to allocate the assets on the original networks corresponding to the miAssets through its EOL Allocation Governance.
Based on governance decisions, each EOL Vault deposits its liquidity into various yield sources within its respective network.
Protocols interested in the EOL can initiate forum discussions. Proposals include information such as the protocol's description, security profile, and details of its offering.
Forum Discussion: All Mitosis participants, including EOL LPs, dApps with delegated voting power, and candidate protocols can share their opinions in the forum discussion. Based on the proposal, the discussion covers topics such as the protocol's safety and the offering's feasibility.
Initiation Vote: LPs and dApps vote on the Initiation Proposal to determine whether the Mitosis Ecosystem will opt-in to provide a portion of EOL to the protocol.
Gauge Vote: If a protocol passes the Initiation Vote, the protocol enters the list of protocols in the Gauge Proposal. LPs and dApps vote on the listed protocols to determine what portion of EOL each protocol will receive.
Based on the result of the Gauge Vote, the EOL Vault distributes its liquidity to the protocols.
The earnings of the EOL accumulate in the Mitosis Vaults. Mitosis distributes rewards to miAsset holders regardless of the network they chose for their deposits. This approach ensures that LPs enjoy an optimized yield of multi-chain sources.
For the miAssets deposited into dApps, the rewards initially go to the dApps. Mitosis provides a module that allows dApps to distribute these rewards to LPs.