[GUEST ACCESS MODE: Data is scrambled or limited to provide examples. Make requests using your API key to unlock full data. Check https://lunarcrush.ai/auth for authentication information.]  Dote [@maxiTmat](/creator/twitter/maxiTmat) on x XXX followers Created: 2025-07-20 11:45:58 UTC As most of you who deposited into @MitosisOrg expedition would have noticed an extra $MITO points distribution which came cause some folks either withdrew their funds from the expedition due to $ETH rally and at such their points were redistributed to members who stayed locked in. $ETH has been on a rally and it’s only fair some user would wanna cash in on their profits hence the withdrawal but what if they didn’t need to actually withdraw their funds and could actually just swap to another stable like USDT asset still within mitosis Chain and keep earning yields? Sounds good right? That’s where Mitosis programmability comes in. We have all heard of the concept of maAsset which is a representation of your staked position in the vault. Would be explaining some key concepts Needed for better understanding on how the whole system works. Underlying asset : This is the assets you deposit into the vault($ETH) that actually stays in the vault and earns interest. For example when you deposit cash into your bank account MaAsset: this is a receipt or proof that you own that position(maETH). Take for example a card given to you by your bank that allows you to trade and spend your cash in your bank account. In a nutshell MaAsset consists of your •underlying asset •the yields it accrues Now to the concept of actually swapping your MaETH to MaUSDT when you want to take profits; You need to understand that maAsset are actually trade able themselves and can be traded using @Chromo_Exchange or @NautilusExch . So here’s what happens when you trade your MaETH => maUSDT •You are swapping your entire position (underlying asset + yields accrued) to the buyer and in exchange you get their maUSDT(underlying assets + their yields) position in the another vault. The underlying assets remain in each specific vaults what is transferred is receipt ownership. The underlying asset is only unlocked when user redeems or withdraws from the vault the position is burnt and the user gets back the underlying asset + yields accrued. How this benefits users: •instant access to your liquidity •opportunity to cash in on profits, keep earning yields without redeeming •exposure to more yield opportunities XX engagements  **Related Topics** [$eth](/topic/$eth) [$mito](/topic/$mito) [ethereum](/topic/ethereum) [coins layer 1](/topic/coins-layer-1) [Post Link](https://x.com/maxiTmat/status/1946899382022107465)
[GUEST ACCESS MODE: Data is scrambled or limited to provide examples. Make requests using your API key to unlock full data. Check https://lunarcrush.ai/auth for authentication information.]
Dote @maxiTmat on x XXX followers
Created: 2025-07-20 11:45:58 UTC
As most of you who deposited into @MitosisOrg expedition would have noticed an extra $MITO points distribution which came cause some folks either withdrew their funds from the expedition due to $ETH rally and at such their points were redistributed to members who stayed locked in. $ETH has been on a rally and it’s only fair some user would wanna cash in on their profits hence the withdrawal but what if they didn’t need to actually withdraw their funds and could actually just swap to another stable like USDT asset still within mitosis Chain and keep earning yields? Sounds good right? That’s where Mitosis programmability comes in. We have all heard of the concept of maAsset which is a representation of your staked position in the vault. Would be explaining some key concepts Needed for better understanding on how the whole system works. Underlying asset : This is the assets you deposit into the vault($ETH) that actually stays in the vault and earns interest. For example when you deposit cash into your bank account
MaAsset: this is a receipt or proof that you own that position(maETH). Take for example a card given to you by your bank that allows you to trade and spend your cash in your bank account. In a nutshell MaAsset consists of your •underlying asset •the yields it accrues
Now to the concept of actually swapping your MaETH to MaUSDT when you want to take profits; You need to understand that maAsset are actually trade able themselves and can be traded using @Chromo_Exchange or @NautilusExch . So here’s what happens when you trade your MaETH => maUSDT
•You are swapping your entire position (underlying asset + yields accrued) to the buyer and in exchange you get their maUSDT(underlying assets + their yields) position in the another vault. The underlying assets remain in each specific vaults what is transferred is receipt ownership.
The underlying asset is only unlocked when user redeems or withdraws from the vault the position is burnt and the user gets back the underlying asset + yields accrued.
How this benefits users: •instant access to your liquidity •opportunity to cash in on profits, keep earning yields without redeeming •exposure to more yield opportunities
XX engagements
Related Topics $eth $mito ethereum coins layer 1