Game of MITO Article Series - The Final Chapter - Join DeFi's First Gamified Testnet Experience
November 27, 2024
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Game of MITO Article Series: The Final Chapter - Join DeFi's First Gamified Testnet Experience
Launch Details
Date: November 27th, 2024 at 5:00 PM UTC
End: December 22nd, 2024 at 12:00 AM UTC
Status: Open to all users from day one!
A New Era of DeFi Testing
Game of MITO takes testnet participation to a new level, creating an engaging, strategy-rich environment where every action counts. Whether you're a DeFi veteran or just starting your journey, this gamified testnet offers a unique opportunity to explore, earn, and help build DeFi's next chapter.
Your Starting Position Matters
While Game of MITO welcomes all participants from day one, your initial position is determined by your previous engagement with the Mitosis ecosystem. Your starting allocation of testnet assets is calculated using a sophisticated formula that considers:
- Waitlist participation score
- Tier classification (from Bronze to Diamond)
- Individual contribution metrics
Smart Start Tip
Game of MITO offers two powerful ways to claim testnet assets:
- Main Faucet: Daily standardized distributions available to all participants
- Personal Faucet: Enhanced 14-day distribution based on your Waitlist score and tier
For example, if you qualify for 1,400 USDC in your Personal Faucet, you can claim 100 USDC daily for 14 days.
MITO Token Distribution
Your testnet performance directly impacts your future MITO mainnet allocation:
- Testnet MITO tokens: 70% of allocation weight
- Other testnet assets (LBTC, weETH, etc.): 30% of allocation weight
Maximize your earnings across all asset types to optimize your future position!
Core Features That Set Us Apart
1. Revolutionary EOL System
The Mitosis ecosystem features two distinct types of vaults:
-
Mitosis Vaults (Deployed on Branch Chains)
- Located on Ethereum Sepolia, Arbitrum Sepolia, Optimism Sepolia, Base Sepolia, Mantle Sepolia, and Linea Sepolia
- Functions:
- Deposit: Lock your original assets (like ETH, USDC, BTC) on branch chains to receive corresponding 1:1 assets on the Mitosis testnet. For example, deposit ETH on Sepolia to receive ETH on Mitosis testnet.
- Redeem: Return your Mitosis testnet assets back to any supported chain of your choice. Assets can be redeemed immediately when sufficient liquidity is available.
-
EOL Vaults (Deployed on Mitosis Testnet)
- Functions:
- Opt-in: Convert your Mitosis testnet assets into miAssets (like miweETH, mimETH) to participate in yield optimization strategies across multiple chains and protocols. Your miAssets represent your share of the total liquidity pool.
- Opt-out: Convert your miAssets back to regular Mitosis testnet assets after a 7-day waiting period. This process removes your assets from the yield generation system.
- Functions:
Features include:
- Multi-chain yield optimization
- Real-time yield tracking and rewards dashboard
Technical Deep-Dive
EOL participants receive miAssets (such as miweETH, mimETH, etc.), our receipt tokens that:
- Track your share of ecosystem-wide yields
- Grant governance voting power
- Enable participation in multiple protocols simultaneously
2. Dynamic XP and Tier System
Progress through our comprehensive advancement system:
- Earn XP through both on-chain and off-chain activities
- Advance through 15 tiers across 5 ranks (Bronze to Diamond)
- Unlock increasing benefits with each tier promotion
- Gain access to enhanced faucet rewards
3. Strategic Item Crafting
Build your advantage through our unique crafting system:
- Convert Cells into Clusters (80% success rate)
- Create powerful items from Clusters (70% success rate)
- Enhance items up to level 5 using Clusters for maximum benefits
- Each enhancement attempt requires Clusters, with higher levels needing more
- Stack multipliers for optimal XP gain:
- Equip items across 6 different slots
- Each item provides its own XP multiplier
- Combine different items strategically for maximum effect
4. Integrated DApp Ecosystem
Explore and earn across multiple protocols:
- Chromo: Advanced Market Maker (AMM) Exchange
- Telo: Money Market Protocol
- Clober: On-chain Orderbook Exchange
- YieldKingZ: GameFi (Social Casino) & NFT
- DVX: On-chain Perpetual Exchange (DVX will be launching soon. Stay tuned!)
Governance and Community Participation
Active participation in EOL governance allows you to participate in:
- Initiation Vote: Vote on protocol integrations
- Gauge Vote: Influence allocation ratios
- Shape the future of the ecosystem
Governance Power
Voting power is calculated using a 7-day Time-Weighted Average Balance (TWAB) of your miAssets, ensuring fair and manipulation-resistant decision-making.
Getting Started
-
Initial Setup (Launch Day - November 27th 5:00PM UTC)
- Connect your wallet
- Access your personalized faucet allocation
- Begin claiming your daily assets
-
Optimize Your Strategy
- Engage with EOL vaults
- Participate in protocol integrations
- Stack XP multipliers through items and activities
-
Track Your Progress
- Monitor your tier advancement
- Track yield generation and claim rewards
- Compare your performance on leaderboards
Limited Time Opportunity
Remember, Game of MITO runs for just 25 days! Every action you take from November 27th to December 22nd contributes to your position in this groundbreaking testnet experience.
Join the Revolution
Don't miss your chance to be part of DeFi's most innovative testnet experiment. Game of MITO combines the best of gaming mechanics with serious DeFi testing, creating an environment where learning and earning go hand in hand.
Ready to Play?
Prepare your strategy
Join us in shaping the future of DeFi
Join the Mitosis Community
Be part of the Game of MITO's vibrant ecosystem:
Connect & Engage
- Share strategies and insights on our Discord
- Discuss governance proposals in our Forum
- Participate in Expedition
- Master the mechanics through our Documentation
Get Started Now
Ready to begin your journey? We've prepared a comprehensive getting started guide covering everything you need to know:
- Setting up your wallet with required testnet tokens
- Understanding supported networks and assets
- Step-by-step instructions for core operations
- Detailed FAQs and resources
Check out our detailed Getting Started Guide
Visit Game of MITO to learn more and prepare for launch!
Join the Mitosis Community
Ready to dive into Game of MITO? Join our Discord and Forum to connect with fellow participants, share strategies, and discuss your testnet journey. We'll be hosting dedicated Game of MITO sessions during our Monthly Community Calls (MMCC) and providing regular updates throughout the testnet period. Want to master the mechanics of Game of MITO? Explore our comprehensive technical documentation for detailed guides and insights.
Forum | Discord | GM Waitlist | Expedition | Documentation
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