The focus of this article
Participate in Mitosis to obtain multiple airdrop benefits: Symbiotic, Etherfi, Mitosis airdrop points
Mitosis has raised US$7 million in financing, led by Amber and Foresight Ventures
Supported assets include: weETH, uniETH, uniBTC, ezETH, cmETH
Mitosis is a protocol focused on liquidity optimization, liberating cross-chain asset liquidity through EOL (Ecosystem-Owned Liquidity).
What is EOL?
The liquidity the ecosystem possesses. It can be understood as: when we deposit assets into Mitosis, it is equivalent to providing liquidity in the Mitosis ecosystem.
In simple terms, the corresponding issue is the "liquidity fragmentation caused by asset distribution across different blockchains." Therefore, Mitosis serves as an integration solution, allowing users to deposit specific assets into Mitosis to provide liquidity, which is then used by liquidity providers to collectively decide how to utilize the deposited assets through governance voting.
Currently, Mitosis offers deposits for weETH, uniETH, uniBTC, ezETH, and cmETH. Users can deposit these assets into Mitosis across different blockchains (unifying liquidity across chains) and then collectively decide which protocol the assets will be deployed to through governance voting, as shown in the diagram below.
Other key information includes
In May, a financing round of 7 million USD was completed, led by Amber and Foresight Ventures, with participation from institutions like GSR and Bigbrain Holdings, along with angel investors. Although the financing amount is not very large, the investment lineup is quite good.
Audit provided by Secure3 and Omniscia.
Clear expectation of token airdrop, currently you can accumulate Mito Point.
TVL slightly above 100 million USD. (Data sourced from DefiLlama)
Advanced task operation steps
In the Expedition feature area of Mitosis, choose Deposit and stake 0.005 cmETH (current price approximately 20 USD).
* The earnings from staking cmETH include the APR of cmETH itself + 20x COOK airdrop points + Mitosis airdrop points
When authorizing assets, you can pay attention to the authorization amount. The default authorization amount for Mitosis is close to infinite. To protect the security of asset transfers, you can manually adjust it to the amount you wish to stake.
After authorizing + staking, the task is complete. You can return to the Layer3 task page to complete the first and third tasks (the second task is optional and can be skipped), then mint a cube (raffle ticket).
Summary
The task of Mitosis is straightforward: just stake cmETH. However, unlike other protocols, the required asset amount is larger this time (0.005 cmETH is approximately 20 USD), but it supports redemption at any time.
The author believes Mitosis is very suitable for airdrop hunters, allowing them to earn multiple airdrop rewards. For example, by using weETH, you can earn airdrop points for SYMBIOTIC + EtherFi + Mitosis.
Mantle partners can closely monitor that cmETH on Mitosis will be deployed to which staking protocol to earn more airdrop points through governance voting.
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※ Holding cmETH while participating in Defi Fest, if you want to increase your COOK airdrop points by an additional 10%, don't forget to fill in the referral code section in Methamorphosis:
"myronchiu", both you and I can gain an additional 10% points.
※ Participating in Mitosis allows you to bind a referral code to increase Mito Point. Partners in need can use my code:
"UAWCDU"
Note that you must complete the binding of the X account to receive the point bonus effect from the binding invitation code!
※ The above content does not constitute investment advice. Users should operate according to their own risk tolerance and participate in the investment market with caution, DYOR.
※ Attached image sourced from Mitosis