New project on Kaito - introducing @MitosisOrg
Imagine if you called the shots instead rather than VCs and mercenary farmers?
You deposit, you earn, you decide where the capital goes.
That’s exactly what Mitosis is building - and it’s working 👇 🧵
2/ The problems + Solutions
Problems that we face:
- Fragmented liquidity
- Dumb incentives
- Mercenary TVL
Solution? @MitosisOrg offer a model where the community owns the liquidity, earns the rewards, and picks where it goes.
Something that modular DeFi needs.
3/ What actually is Mitosis?
@MitosisOrg is an L1 built on Cosmos, but EVM-compatible.
It connects to chains like Ethereum, Arbitrum, Optimism, Blast, and more through @Hyperlane_xyz.
You deposit assets into Vaults. You get 1:1 tokens (miAssets) - you use them across DeFi and earn.
4/ Sounds like Lido? not really
@MitosisOrg lets users vote on how that locked liquidity is used.
Want more ETH directed to a certain DEX, perp protocol, or yield strategy?
Yeah, you can vote and control the flow.
In simpler terms the liquidity becomes more “democratic” you could say.
5/ The numbers don’t lie
Since April, @MitosisOrg vaults have grown from 960 ETH → 23,685 ETH.
Deep that, it’s +2300% TVL in 4 months.
How?
Through Expedition Campaigns.
Lock $weETH, earn MITO Points, stay longer = more rewards.
6/ The airdrop
Yeah, there’s an airdrop.
@MitosisOrg is allocating 70% of the airdrop based on Expedition points, and 30% based on other metrics.
Points are earned for actual contribution and time-in-vault.
7/ Kaito integration
Less than 48 hours ago, Mitosis announced their own Kaito yapper leaderboard:
- 0.8% of total $MITO supply to the top creators.
- Just post about Mitosis, modular DeFi, liquidity flows and rank up.
Take my thread as inspo 👀
We are thrilled to announce the Kaito rewards program, confirmed by Mitosis Foundation, offering 0.8% of the total $MITO supply in recognition of the voices pushing Mitosis into the spotlight.
The Breakdown
1. Mitosis Yapper Leaderboard
A total of 40 basis points (bps) has been allocated to the top 1,000 yappers, which were ranked based on the quality and frequency of posts recorded on the Mitosis Yapper Dashboard over the past 6months. We have opted to use the 6-month data from the Yapper Dashboard for long-term alignment and have chosen to focus on the top 1,000 yappers to ensure maximum alignment.
2. Kaito Ecosystem
Allocated 20 bps reserved for addresses that hold sKAITO in their wallet. Holders of the Kaito Genesis NFT will receive a multiplier based on that criterion.
3. ▒▒▒▒ (Coming Soon)
Allocated 10bps assigned to wallets that authenticate via X oAUTH and interact on-chain with a forthcoming social-liquidity primitive powered by @KaitoAI X Mitosis, whose details will remain confidential until launch.
4. Comprehensive Participation Incentive
Allocated an additional 10bps, distributed exclusively to yappers that meet all three eligibility criteria listed above.
Distribution Cadence
1. Rewards for the top 1,000 yappers follow the same release schedule as the mainnet airdrop.
2. For the Kaito Ecosystem, ▒▒▒▒, and Comprehensive Participation Incentive allocations, ⅓ of allocation will be given at the TGE date. The timing of the release of the remaining allocation will be disclosed before the TGE date.
Snapshot Status
The Snapshots for the Mitosis Yapper Leaderboard + ⅓ of (Kaito Ecosystem, ▒▒▒▒, and the Comprehensive Participation Incentive) will be taken in late July, upon confirmation. Keep engaging and make the era of programmable liquidity a vivid reality.
The Snapshots for the remaining amount of (Kaito Ecosystem, ▒▒▒▒, and the Comprehensive Participation Incentive) will be announced before the TGE date.
For anyone reading this post and feeling hesitant about being late, remember that your engagement with this article means you are never late. The Mitosis community warmly welcomes you with open hearts. <3
Stay tuned for details from Kaito on how to claim your rewards.
Believe in Mitosis!
8/ Why it matters long term
→ Modular chains are scaling
→ Liquidity is more fragmented than before
→ Every app, L2, and rollup NEEDS TVL
@MitosisOrg makes it portable, easy and user-owned.
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