Expedition (weETH) Overview

Expedition (weETH) Overview

Expedition (weETH) is a campaign within the Mitosis ecosystem designed to harness the power of Liquid Restaking Tokens (LRTs) as the next evolution in DeFi. It aims to facilitate the multi-chain expansion of LRTs across various networks, establishing a novel structure for decentralized finance. The campaign operates on Ethereum Mainnet and Layer 2 (L2) networks, enabling participants to deposit assets, receive miAssets (like miweETH), and earn rewards through the Expedition framework.

miweETH and MITO Points

When you deposit weETH into Mitosis, you receive miweETH on a 1:1 basis. This miweETH acts as a derivative token that not only represents the weETH locked within Mitosis but also allows you to earn MITO Points (weETH) as you hold it. Accumulating these MITO Points provides eligibility for future $MITO airdrops. Additionally, participants can increase their MITO Point earnings by holding miweETH for extended periods, completing missions, and collecting specific badges.

Participation Benefits

Expedition (weETH) offers multiple benefits to participants:

1. MITO Points (weETH): By holding miweETH, participants can earn MITO Points, which increase their eligibility for future rewards, including $MITO airdrops.

2. EigenLayer Points: miweETH holders continue to accumulate EigenLayer points, allowing them to benefit from the underlying weETH's participation in EigenLayer.

3. EtherFi Loyalty Points: Participants earn EtherFi Loyalty Points with a 2x boost for holding miweETH during the Expedition.

4. Mitosis Vault: The locked assets in Mitosis are allocated across various yield sources on multiple networks, enabling participants to gain multi-chain DeFi exposure effortlessly.

5. Protocol Rewards: Additional rewards can be earned by participating in the Expedition on specific networks.

Badges and Achievements

The Expedition also includes a range of achievements that participants can unlock by engaging in various activities on the platform. These badges provide additional incentives and can lead to further rewards within the Mitosis ecosystem.

For a more detailed overview, including step-by-step instructions and the latest updates, you can visit the official Mitosis documentation on Expedition (weETH).