Tex 🧬

community @mitosisorg, prev. @gnosischain

[Tex 🧬 @DeFi_Tex]

Thank you guys for attending our Mitosis & Friends Seoul event. It was a pleasure meeting you chads with your IRL avatars.

Shout out to the @DeSpreadTeam team and @co_cobling for helping out with the event!

[Tex 🧬 @DeFi_Tex]

@MitosisOrg lesgooooo

[Tex 🧬 @DeFi_Tex]

For those still undecided or uninformed.

This is the holy grail of explanations regarding tMITO vs MITO, Option A vs. Option B.

[Luke @Luke_onair]

tMITO and MITO explained

I have seen a lot of questions about how tMITO and MITO token, including Bonus Pool rewards. Here is the most straightforward way to think about them.

Rewards?
- tMITO is not a lockup position. It is more like a bond with a fixed end date. At that end date, reward MITO is paid out to tMITO holders.

- From the current unclaimed allocation, which is about 70% (about 70million MITO), 50% is directed to the Reward Pool. In addition, every time a user chooses Option B, 0.75 MITO is added to the Reward Pool per MITO claimed via Option B.

- This is not a TWAB model. Rewards are not streamed based on time-weighted balances. They are included when you claim at the end date. If you hold tMITO at the end date, you redeem into MITO the conversion rate that includes the additional reward,s e.g., 1 tMITO: x MITO (x > 1).

Both tokens are standard ERC20 assets from day one on Mitosis Chain. You can use them in DeFi, trade them, and transfer them. If you want an immediate exit, that is available through the market.

Transferable and DeFi utility?
- tMITO is transferable and usable across the Mitosis mainnet DeFi ecosystem. We will integrate it broadly so it can be put to work.
- MITO is the base currency of Mitosis Chain. All liquidity across our ecosystem moves to Mitosis on day one and MITO is the core medium of value there.

Staking and governance?
Both tMITO and MITO will be stakeable. Stakers receive gMITO, the governance token. Staking with your tMITO lets you participate in governance even before redemption.

Liquidity and price discovery?
On day one we expect pools such as tMITO/MITO and tMITO/USDT to go live. Markets will discover the fair exchange rate. Day one will involve discovery, then prices should converge toward a reference level as information and liquidity deepen.

Why design it this way
We wanted to avoid a deadlocked supply. We also wanted a clean path for unclaimed allocations and for short-term oriented holders to transfer value to long-term believers. The answer was to tokenize the airdropped position itself.

If you hold tMITO and decide to step away before the end date, you can exit at a market value that reflects the time left until tMITO matures. If you believe in Mitosis after mainnet and like what you see in chain performance and protocol direction, you can hold tMITO as a way to express that conviction, accumulating more MITO.

In spirit, tMITO is a way for holders to share directly in the upside of Mitosis. Its value grows as adoption and protocol performance strengthen, aligning long-term holders with the project's success. If we execute and prove it in the open, the people who commit for the long term should see more of the upside.

NFA) How to think about value over time
My personal view is simple. On day one, MITO should trade at a premium to tMITO because tMITO still carries time value and uncertainty. As we move toward the end date, the gap between MITO and tMITO should narrow. In other words, tMITO should accrete value as the redemption date approaches.
That is precisely how a bond with a known payoff behaves.

Day one DeFi lineup and migration
We will onboard yield products immediately on Mitosis Chain.
- miUSDC with a target north of 10%+ (30-day average)
- miETH with a target north of 5%+ (30-day average)
- miBNB with a target north of 16%+ (30-day average)

About $360+ million in assets will migrate in waves to Mitosis. This liquidity is there to be put to work.

[Tex 🧬 @DeFi_Tex]

@FarmingLegendX @LukeAlwaysAwake yes that's right

[Tex 🧬 @DeFi_Tex]

$MITO Genesis babyyy

[Mitosis Foundation @MitosisFdn]

https://t.co/Hxh97Jdq3P

[Tex 🧬 @DeFi_Tex]

@petralex29 @MitosisOrg lol

[Tex 🧬 @DeFi_Tex]

@Crypto_Zh0u Tailgating is dangerous. Not gud.

[Tex 🧬 @DeFi_Tex]

This dude was tailgating me so hard that I had to take a pic or no one would have believed me ...

[Tex 🧬 @DeFi_Tex]

@johnsonbrightt next time please keep a safe distance.

[Tex 🧬 @DeFi_Tex]

@yield @0xzachamm @MitosisOrg I'll be there YO

[Tex 🧬 @DeFi_Tex]

@crypto__kermit Hey I'm community lead for Mitosis. Happy to talk.

[Tex 🧬 @DeFi_Tex]

@Jake_on_me @Crypto_Zh0u @nftmufettisi Ballerrrr

[Tex 🧬 @DeFi_Tex]

@0xwhysomad @djDriverless @PolymarketSport lol wut the...

[Tex 🧬 @DeFi_Tex]

@0xzachamm @0xwhysomad @MitosisOrg @Morse_404 Tis true my hands have never seen dirt

[Tex 🧬 @DeFi_Tex]

@mEden2452 Why is that?

[Tex 🧬 @DeFi_Tex]

Got Rekt on perps.
Got Rekt not checking slippage.

But took this cool vid of a bee on a sunflower.

#touchgrass

[Tex 🧬 @DeFi_Tex]

@mEden2452 That is absolutely correct. Need to get back to that.

[Tex 🧬 @DeFi_Tex]

In Mt. Fuji prepping my notes for the Mitosis AMA later today

There may or may not be some surprising updates.

[Tex 🧬 @DeFi_Tex]

@grok @Geiger_Capital Relative to other preliminary estimates, how much more were the may/June estimates off by?

[Tex 🧬 @DeFi_Tex]

@grok @Geiger_Capital Why was the data way off to begin with? What's the point of having preliminary estimates if the numbers are way off such that they are completely meaningless?

[Tex 🧬 @DeFi_Tex]

@XInsiderCrypto @Cointelegraph Shut up