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FAQs

General​

1. Is Matrix Straddle Vault audited?​

: Until the Mitosis mainnet launches, Matrix uses a Straddle Vault built using the same vault contracts as the existing Theo Straddle Vaults. The new Matrix Straddle Vault smart contracts that will be deployed on the Mitosis mainnet will also be audited by Zellic. Theo Straddle Vault contracts were thoroughly audited by Code4rena in 2024 Q3. Another audit of Theo contracts by Zellic is currently underway. The audit is expected to conclude in Q1 2025. Check details here.

2. I can't connect my wallet​

: Please switch to the Ethereum mainnet on your wallet, and then retry.

3. I have miweETH, but I can't deposit​

: There's a 5-minute miweETH deposit downtime between 11:55:00 PM UTC - 12:00:00 AM UTC every day for point calculation system maintenance. Please deposit before the downtime.

4. Is the fund I deposit getting locked?​

: No, you can initiate withdrawal for your deposits anytime, but you'll forfeit up to 20% of your accumulated Theo token rewards and MITO Points (weETH) rewards every time you withdraw.

5. What is TWAB (Time-Weighted Average Balance)?​

: TWAB (Time-Weighted Average Balance) is a method of calculating a user’s average asset holdings over time, giving more weight to longer-held balances. It ensures fair distribution of rewards by considering both the amount and duration of holdings rather than just a snapshot.

Eligibility Criteria​

1. My eligible wallets got compromised. Can I transfer my eligibility to another address?​

: Transfer eligibility between different wallets is not supported.

2. I see that in order to be eligible for Phase 1 Deposits, one of the criteria is being in Diamond Expedition Tier. I’m currently in Diamond Expedition Tier for miuniETH. Will I be eligible to deposit my miweETH in Phase 1 although I’m only in Gold Tier for miweETH?​

: Yes, you’ll be eligible to deposit in Phase 1.

3. I deposited ezETH in Expedition Epoch 1 but I only deposited weETH in Expedition Epoch 3. Will I be eligible to deposit my miweETH in Phase 1 of the campaign?​

: Yes, regardless of which asset (except for ezETH and cmETH) you’ve deposited, as long as it was done in Epoch 1, you’ll be eligible to enter Phase 1 of the campaign.

4. I’m not eligible to participate in. How can I become eligible to participate?​

: Matrix Theo campaign Phase 1 - 3 are only open to eligible users. The snapshots for each eligibility were taken at 00:00:00 UTC on Mar 3rd, 2025. If you’re not eligible to participate in Phase 1, 2, and 3, you can still join in Phase 4, which is open to anyone.

Rewards​

1. When can I claim Theo token rewards I accumulated?​

: The Theo team will distribute Theo token rewards after Theo's TGE (Token Generation Event).

2. If the calculation for MITO Point (weETH) is based on the sum of miweETH and maweETH (Theo) amounts, am I losing Points while I'm waiting to claim my maweETH (Theo) during the waiting period?​

: No, the delayed acquisition of maweETH (Theo) accompanied by Theo's Round is automatically covered by the system, applying weETH amount for calculation instead of maweETH (Theo) during the waiting period.

Boosts​

1. Is using other wallets after activating the OKX Wallet Boost deactivating my OKX Wallet Boost?​

: No. Using other wallets after activating the OKX Wallet Boost will not reset your OKX Wallet Boost that's been already applied for your OKX wallet.

2. I accidentally closed the first "Deposit Complete" modal before activating the OKX Wallet Boost. Can I still activate the Boost?​

: No, you can't for the network you already made the first deposit and closed the "Deposit Complete" modal. If you can make first deposit on other networks, you can open a new "Deposit Complete", and then complete the registration process.

3. Are both Matrix's Morse Boost and Expedition's Morse Boost be applied to my MITO Point (weETH) rewards?​

: Yes, if you have both Morse Boosts activate, both Boosts will be applied to your MITO Point (weETH) rewards.

Deposit & Withdrawal & Claim​

1. I can't initiate withdrawal transactions​

: Please check if you have any pending withdrawals that remain unclaimed. Claim them first and initiate withdrawal again.

2. I received less maweETH (Theo) than weETH I actually deposited​

: The generated Straddle Vault yields are automatically compounded, increasing the conversion ratio between maweETH (Theo) and weETH over time.

3. Can I know exactly how long should I wait for my maweETH (Theo) or weETH to be claimable?​

: Currently, the maximum waiting period for claiming maweETH (Theo) and weETH is 2 days, as per Theo's Straddle vault operational Round.

4. I've redeemed my miweETH from Expedition page directly. Will I lose accumulating my MITO Points (weETH) or Boosts?​

: If you've redeemed from Expedition page directly and deposit to Matrix within the same day, before 11:55 PM UTC, while still meeting all Boosts requirements, you won't lose any MITO Points (weETH) or Boosts.

5. I'm seeing Expedition's Community Redistribution (CR) Redemption while I'm trying to redeem my miweETH on Scroll, Blast, or Mode in order to bridge weETH and then deposit to Matrix. Will I lose my MITO Points (weETH)?​

: The CR Redemption you see on the Expedition UI when redeeming miweETH is estimate values. If you meet the conditions mentioned in the Rewards page in our Matrix Theo campaign docs, you won't lose anything.

6. I deposited some miweETH/weETH, but only a portion of them has been deposited. Do I lose anything?​

: You may experience only a portion of your miweETH/weETH getting deposited into Matrix. This is because the remaining deposit cap could have been updated due to other depositors during your deposit process. In this case, please redeposit your already redeemed weETH to Expedition. Also, if this results in losing your MITO Points (weETH) or Expedition (weETH) Boosts, please open a ticket in our Discord and provide your wallet address with the date of your deposit transaction. We’ll recover what you lost retroactively. Recovery will only be provided for cases caused by the deposit cap limitation.

Future Plans​

1. What happens at the end of the campaign?​

: Further deposits will be disabled. You may further utilize your tokenized LP Position (maweETH (Theo)) on dApps that support it, or withdraw as you wish. Theo team will distribute the Theo tokens according to your Theo token rewards.

Others​

1. Am I losing my Discord Expedition Explorer role after depositing my miweETH to Matrix?​

: No, you won't lose the role as all maweETH (Theo) are also eligible for the role. Please note that maweETH (Theo) is the asset for verification. You need to claim it to get the roles after you deposit all of your miweETH.

2. What're the risks involved in this campaign?​

: Please refer to Theo's docs for understanding the risks involved. https://docs.theo.xyz/straddle/risks