Matrix Vaults in the Wild: Navigating Zootosis

Intro

Today, we’re thrilled to announce the upcoming launch of new Matrix Vaults called Zootosis in partnership with Morph Network.

The Matrix Zootosis Vaults are non-custodial smart contracts deployed on the Morph network. Users can deposit from over 10 supported assets, including stablecoins, to receive Morph and Mitosis token rewards simultaneously. You’ll receive the rewards in the form of points called Zoots, and these points will be redeemable as both Morph and Mitosis token rewards later.

No forced lockups, but you’ll forfeit up to 90% of your Zoots according to the Zootosis withdrawal policies if you withdraw early.

Let’s learn more details about Zootosis Vaults. As always, we strongly recommend reviewing all details thoroughly before participating to ensure you understand the rules and maximize your potential rewards.

If you want to read more details about the partnership and Morph itself, please read the previous post on our blog - Zootosis: Matrix Vaults are Going to Morph.

Supported Network, Assets, and Respective Deposit Caps

Zootosis only supports the Morph network natively. To deposit, you need to have supported assets on Morph. Morph supports asset migration to Morph via its native bridge and Stargate. Anyone can deposit from Zootosis Day 1 - there are no eligibility criteria to deposit.

Matrix Morph network integration launches with support for a diverse range of assets, enabling users to engage with our ecosystem in ways that best suit their portfolio strategies. We will start with the Main Assets starting from Day One, and gradually expand support to Secondary and an additional Wildcard asset later during Phase 1. See the full list of supported assets and respective caps in the image below.

The Two Distinct Phases

Matrix Zootosis Vaults consist of two distinct Phases. Check what you can do and what rewards are available for each Phase.

Phase 1

Zootosis Phase 1 will begin at 4 PM UTC, initially supporting the four assets in the Main Assets category (i.e., WETH, USDT, USDC, and WBTC). Expansion to support Secondary Assets and the Wildcard Asset will be gradually rolled out during Phase 1.

Once depositing assets, users receive corresponding maAssets (Morph) based on the assets they deposit. For example, if you deposit WETH, you will receive maWETH (Morph), and if you deposit USDT, you will receive maUSDT (Morph). Holding these maAssets (Morph) lets you receive Zoots, which is an internal point system for Zootosis that entitles you to get Mitosis token rewards and Morph token rewards later based on a conversion rate.

Don’t be afraid to commit liquidity longer. You’ll be able to utilize maAssets (Morph) you receive during Phase 1 very soon. Let’s see what you can do with maAssets (Morph) in Phase 2.

Phase 2

In Phase 2, Zootosis participants take the next step in their journey by deploying their previously received maAssets (Morph) into specialized DeFi yield strategies built on the Morph network.

Rather than passively holding the maAssets (Morph), you’ll be able to choose from multiple on-chain protocols such as lending markets, AMMs, or other participant vaults. Upon depositing into those strategies, users receive a new strategy-specific maAssets (e.g., maAsset(xxMorph)), which represents their position in that supply option.

Likewise, Zootosis will preview how Matrix works on the Mitosis mainnet throughout the two Phases.

Zoots Reward Calculation Scheme

Using an internal point system called Zoots, the amount of Morph and Mitosis token rewards to be received from Zootosis participation will be calculated.

Here's how the amount of Zoots for each user is calculated:

1. Zootosis takes a daily snapshot of all users’ deposits
2. Using the Zootosis’ TWAB (Time Weighted Average Balance)-based TVL up to date, the total amount of Zoots to be distributed across all users is calculated. (i.e. as Zootosis’ TVL grows, the total token reward pool (based on converted Zoots) rises.)
3. Each user is assigned an intermediary point that is calculated as such: Accumulated sum of USD value of user’s deposited asset * asset type based multiplier * Accumulated Hodl Boost * Extra Multipliers
4. Based on the user's intermediary point’s share size of the total points across all users and the accrued-to-date total Zoots, an estimate of each user’s allocated Zoots will be calculated.
5. The estimated Zoots for each user will then be used to calculate the estimated Mitosis token rewards and Morph token rewards based on a fixed conversion rate.

The base Mitosis token allocation and Morph token allocation are capped at 1% at a specific target Zootosis TVL (calculation based on TWAB) each. The allocation percentages for TVL values below the target Zootosis TVL are proportionally adjusted.

Please note that the amount of Zoots itself is a value used internally to calculate a rough estimate of Mitosis token rewards and Morph token rewards you’ll receive.

Reward Multipliers

Zootosis offers various Zoots Point multipliers. Check if you’re eligible for those multipliers and maximize your Zoots Point rewards.

1. Asset Multipliers

Assets in each asset category have a different multiplier applied to reflect their strategic importance. Main Assets offer the highest weight, while Secondary and Wildcard Assets provide slightly lower weights. Asset Multipliers are applied to each eligible asset.

2. Hodl Boost

Your Hodl Boost increases based on your cumulative holding days. The longer you hold your maAssets (Morph), the higher Hodl Boost weights will be applied to you.

Check out the Hodl Boost examples below:

• Total Hodl Dates: 30 = (30 * 0.0045 + 1) = 1.135
• Total Hodl Dates: 60 = (60 * 0.0045 + 1) = 1.27
• Total Hodl Dates: 90 = (90 * 0.0045 + 1) = 1.405
• Total Hodl Dates: 120 = (120 * 0.0045 + 1) = 1.54

The count for Hodl Boost starts from each user’s first deposit timestamp.

3. Extra Multipliers

Extra Multipliers are multipliers that are only applied once per wallet, while Asset Multipliers apply individually to each deposited asset.

• Morse NFT Holder: Users who hold at least 1 Morse NFT in their wallet
• Morphies NFT Holder: Users who hold at least 1 Morphies NFT in their wallet
• Morph Black NFT Holder: Users who hold at least 1 Morph Black NFT in their wallet
• Morph Platinum NFT Holder: Users who hold at least 1 Morph Platinum NFT in their wallet
• Expedition Participant: Users whose Mitosis Expedition Tier is at least Platinum or Diamond in any of the Expeditions (i.e., reaching Platinum Tier in one of weETH, weETHs, uniETH, ezETH, uniBTC, or cmETH Expeditions is sufficient).
• maweETH (Theo) Holder: Users who hold at least 1 maweETH (Theo) across all supported networks
• Early Participant: Users who made at least one successful Zootosis deposit transaction (any amount of any supported assets) before 4 PM UTC on May 16th

The eligibility for the NFT-based Boosts is checked based on your daily holding status. The rest of the Extra Multipliers is based on the snapshot at 12:00:00 AM UTC on May 7th.

The maximum multiplier you can unlock with the 3 Morph NFT Boosts is around 6.11% (= 1.03 * 1.02 * 1.01).

Withdrawal Rules

Zootosis is designed to reward committed long-term participants without forcing anyone into lockups, unlike many campaigns organized by other protocols. You can withdraw your maAssets at any time, but exiting earlier than the Zootosis duration (270 days) comes with clear trade-offs.

If you withdraw within the first 7 days after you deposit, you’ll forfeit 90% of your total Zoots Points received. After the 7 days, the forfeiture percentage decreases linearly over the course of the Zootosis duration (270 days).

Here are some examples of the forfeit percentages you will take based on your holding dates:

• 7 days: 90%
• 30 days: ~82.13%
• 90 days: ~61.6%
• 180 days: ~30.8%
• 270 days: 0%

Here’s something extra that Zootosis has prepared for long-term users — these penalized Zoots will be redistributed based on the remaining users’ standings during Zootosis.

Closing

The Zootosis website will go live at 4 PM UTC on May 9th, and the link to the website will be announced throughout the Mitosis and Morph communities. Please stay tuned.

Matrix just started presenting its presence with remarkable partner protocols like Morph and Theo. More Matrix Vaults will be coming, providing you with exclusive opportunities. Join the Mitosis community and don’t miss the exciting updates upcoming!

Stay Wild, Stay Aligned within Zootosis.

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