What is Mitosis Airdrop and How to Play: Complete Guide!

Bittime - What is Mitotic Airdrop? The Mitosis Airdrop is an opportunity to earn free tokens through Mitosis Expeditions. Check out the complete guide in this article. 

This article will thoroughly examine the Mitosis Airdrop, the steps to take part, and the opportunities you can get. Keep reading this article, come on!

What is Mitosis?

Source: CoinGecko

Mitosis is a Layer 1 (L1) blockchain designed to provide a new liquidity model called Ecosystem Owned Liquidity (EOL). 

The platform aims to help modular blockchains and decentralized applications (dApps) attract more Total Value Locked (TVL) by leveraging community-owned liquidity, not just temporary capital.

Read also: Airdrop Listing End of January 2025: PinEye, Money Dogs, and W-Coin!

Mitosis has made remarkable achievements since its development. In the last three months, this platform has managed to raise TVL of more than $80 million (Rp. 1.24 trillion) and secure funding of $7 million (Rp. 108.5 billion). 

Strategic partnerships with renowned dApps such as Ether.fi, Symbiotic, and Hyperlane further strengthen its position as an innovator in the DeFi ecosystem.

Mitosis Ecosystem Owned Liquidity (EOL)

EOL is a superior feature of Mitosis. This concept combines liquidity from various providers in a Decentralized Autonomous Organization (DAO) governance structure. 

With EOL, retail liquidity providers can enjoy benefits like large financial institutions, including the ability to generate cross-chain yields.

The EOL process starts with discussions on the Mitosis forum, where every new vault proposal must go through a public vote.

If approved, the vault will be added to the Mitosis platform, and the proceeds from this liquidity will be shared with all liquidity providers, regardless of the network they use.

Read also: Airdrop Grass Phase 2 Has Started: Terms and How to Participate

Mitosis Airdrop Details and How to Play

Source: Mitosis

PUsers need to join the “Mitosis Expeditions” campaign designed to increase Mitosis vault liquidity to get the Mitosis airdrop. Here are the steps:

1. Join the Mitosis Expedition

• Visit app.mitosis.org and connect your wallet.
• Receive and sign requested messages.

2. Get weETH on the Desired Network

• Choose one of six networks: Ethereum, Arbitrum, Blast, Linea, Mode, or Scroll.
• For Scroll, which gives a 1.3x multiplier on MITO Points, use jumper.exchange to convert your funds into weETH on Scroll.

3. Deposit your weETH

• Back to app.mitosis.org and select the appropriate vault for deposit.
• After the deposit is complete, you will start collecting MITO Points.

4. Maximize Points with Badges & Boosts

• Check the Mitosis dashboard to claim additional points from various badges and multipliers.
• Verify social media accounts such as Twitter or Discord to avoid being disqualified from the airdrop.

5. Collaboration with dApp and NFT

• Mitosis works with popular NFT collections and dApps, providing bonus points for owners of certain NFTs or achievements in partner platforms such as Ether.fi.

Conclusion

The Mitosis airdrop offers an exciting opportunity to earn $MITO tokens while supporting an innovative DeFi ecosystem. With the Ecosystem Owned Liquidity (EOL) concept, Mitosis provides a new, fairer and more efficient approach for liquidity providers. 

However, it is important to always do in-depth research before diving into the world of airdrops, considering the potential risks involved. So, are you interested in this airdrop program?

FAQ

1. What is Mitotic Airdrop? 

Mitosis Airdrop is a program that gives free $MITO tokens to users who participate in the Mitosis Expeditions campaign.

2. How do I get MITO Points? 

You can earn MITO Points by depositing weETH into the Mitosis vault via supported networks.

3. Is Mitosis safe? 

Although Mitosis offers interesting opportunities, always conduct in-depth research as potential smart contract risks remain.

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Reference 

CoinGecko, What Is Mitosis and How to Earn Points for the Airdrop, accessed January 26, 2025.

Mitotis Mitosis Expedition, accessed January 26, 2025.

Author: Y