Participation Benefits
Expedition (cmeth) offers LPs multiple yield sources and future benefits. cmeth providers retain their Symbiotic and cmeth underwriter points while getting MITO Points (cmeth) for future $MITO airdrops. Also, just by holding micmETH, LPs will get points from other DeFi applications which will be integrated into Mitosis EOL in the near future. Let’s dive deeper into each of the benefits:
1. MITO Points (cmeth)
Expedition (cmeth) participants get MITO Points (cmeth) by depositing cmeth and holding micmETH. Accumulating MITO Points (cmeth) grants eligibility for Mitosis governance token ($MITO) airdrops. Expedite MITO Points (cmeth) via multiple methods, including increasing the holding duration of micmETH, completing Missions, and collecting Badges. Check here for more details on MITO Points (cmeth).
2. Mantle Powder (20x)
micmETH holders keep getting Powder. In other words, cmeth holders continue stacking up their Powder with 20x multiplier even after providing cmeth to Mitosis.
3. Extra Mantle Yield Lab MNT rewards
Yield Lab adds extra yields to Mitosis cmETH LPs: $MNT rewards. The two distinct sectors (TVL & DAU) have a total of 600K MNT prize pool each. Mitosis will distribute the MNT rewards to Expecition (cmETH) participants based on methodology.
- 50%: Every cmETH depositor
- 50%: Weighted distribution based on a level of contribution
Please note: Various indicators, such as balance range and consistency in participation, will be considered when calculating the level.
4. Mitosis Vault
Mitosis optimizes its LP yield by allocating locked assets in various yield sources across multiple networks. Mitosis aggregates its multi-chain, multi-app tokens/points into miAssets. In other words, users gain multi-chain DeFi exposure just by holding miAssets.
Mitosis Vault will operate full on-chain governance, with miAsset holders participating in deciding the Vault’s strategies.
Start navigating the yield sources via the Mitosis EOL Forum.