Permissionless Vaults on Mito💥

What is Mito?
Mito is a revolutionary Web3 protocol that seeks to transform DeFi automated trading and real-world assets. It merges automated trading vaults and a launchpad, powered by smart contracts, to streamline crypto trading. It is constructed on Injective.

What are Permissionless Vaults?
Permissionless vaults are smart contract-based tools that allow projects to create vaults without intermediaries. These vaults pool funds from multiple users to automatically optimize yield farming or liquidity provisioning strategies.

In order to create Permissionless Vaults you need to:

Vault Creation Fee: A 10 INJ fee is required to create a vault, deterring spam attacks.

Minimum Initial Subscription: Vault creators must subscribe at least 20 INJ worth of assets, distributed equally, to provide initial liquidity and to mitigate potential risks.

Vault Ownership: Mito will automatically be set as the owner during registration to prevent the withdrawal of initially subscribed funds.