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Merlinator.base.eth

@merlinator

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Big news: Mitosis has deployed its Matrix Vaults (Zootosis Vaults) on Morph L2, marking a big step in its mission to democratize access to DeFi yields. Morph is a hybrid Ethereum Layer 2 solution that combines elements of optimistic & zk roll-ups. This integration allows users to deposit assets into Matrix Vaults on Morph, receiving maAssets in return, which are composable within both ecosystems. Depositors earn Zoots points, Mitosis's incentive, from the moment they deposit. The longer your liquidity period, the higher your Zoots boost. Supported assets at launch include: Main Assets: ETH, USDT, USDC, WBTC ($20M cap for each). Secondary Assets: mphETH, weETH, STONE, LBTC, SolvBTC, sUSDe, USDa, USDS/DAI, sbvUSD (caps from $5M to $10M). Wildcard Asset: To be unveiled later. 👀 I'm curious to see what it will be.
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Mitosis just announced Matrix Vaults, their new approach to liquidity in DeFi. I'll try to explain what Matrix Vaults are and why I find the idea interesting. Matrix Vaults reimagine how protocols and liquidity providers (LPs) work together. Unlike some traditional vaults that lock up your funds, Matrix Vaults let you withdraw anytime - but with a twist. If you withdraw early, you forfeit the rewards you've accumulated. This "penalty" mechanism aligns incentives between LPs and protocols without resorting to hard lockups. LPs are motivated to stay in for the long haul to maximize their rewards. Meanwhile, protocols get access to more stable, predictable liquidity. Matrix Vaults support complex and more customizable strategies involving integrations with lending protocols, stablecoins, multi-step yield optimization, and LP token staking and locking. This enhanced customizability is designed to address the long-term needs of protocols better and not just look to inflate their stats.
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The @MitosisOrg Game of MITO testnet has officially concluded on December 22nd, 2024, at 12:00 AM UTC. The testnet is no longer accessible, and player balances recorded at 12:00 AM UTC on December 22nd serve as the final snapshot. I hope you were able to stack MITO and other assets! The final snapshot includes: • All Game of MITO assets (Origin Assets, Hub Assets, miAssets, and Meme tokens) • MITO and wMITO • Assets on Chromo, Telo, and Clober Note: Yieldkingz NFTs are not included in the snapshot. The project previously announced that the Mitosis allocation ratio from the testnet would be distributed as follows: • 70% for MITO • 30% for other testnet assets Mitosis will announce the Convert Drop results later, so we'll see how it plays out. Hopefully, Expedition participants will also get good allocations.
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