📈 $MITO What is Stacked Yield?
$MITO Stacked yield is the ability to generate multiple layers of profit from a single asset, without the need to move or collateralize it in a way that limits its utility. Mitosis is designed precisely to maximize this effect.
Here’s an example to explain it:
1. Base Layer: Native Yield.
• Imagine you own an LRT token like eETH (Ether.fi). Just by holding it, you are already generating staking yield from $ETH y EigenLayer points. This is your first layer of profit.
2. Layer 2: Liquidity Yield.
• When you deposit your eETH in a Mitosis vault, the protocol uses it to provide liquidity to cross-chain markets. For this service, Mitosis rewards you with a share of the transaction fees from those markets. Your eETH is working in a new layer, generating passive income.
3. Layer 3: Composability Yield.
• By depositing your eETH, Mitosis gives you a programmable position token, the miETH. This token is not just a simple receipt; it is an asset in itself that represents your liquidity position.
• You can take your miETH to other DeFi applications within the Mitosis ecosystem to earn a third layer of profits. For example, you can deposit it in a lending protocol, use it as collateral, or even sell it on a DEX.
