Unlocking Advanced Trading with Mito on Injective

Mito is a set of automated trading repositories based on Web 3 smart contracts،Each repository utilizes advanced trading algorithms typically employed only by experienced institutions and hedge funds, Built on Injective.

Mito finance | by Rawan

How Does It Work

Mito Vaults allow users to deposit assets and earn yield, either from the performance of the vault (through its trading strategy) rewards from staking vault tokens, or both.

Vault subscribers will receive( LP tokens) in proportion to their deposit.

When users subscribe to a vault, they receive vault tokens, which represent their share of the total vault.

When users withdraw their liquidity from the vault, they receive a portion of the liquidity equivalent to the percentage represented by their vault tokens.

Trading Strategy

Trading strategies define how the assets in a given vault are deployed. All vaults have a trading strategy.

Some trading strategies focus on providing liquidity (i.e., market making), while others focus on taking a view of market directions.

Strategy providers are responsible for creating and maintaining trading strategies.

Strategy providers can be on-chain (via a smart contract) or off-chain. They also define the fees charged by a vault.

Staking

Additional incentives are available if you choose to stake the vault tokens. Typically, a vault with a market-making strategy will offer higher staking rewards due to its role in providing liquidity.

When a vault token is staked, rewards can be claimed immediately. To unstake a vault token, it must first go through a 24-hour unlock period. This is to prevent excessive fluctuation in the vault’s inventory level.

Swap

(Swap) lets users easily exchange cryptocurrencies within Mito, similar to DeFi protocols like Uniswap. It provides quick wallet replenishment for joining (Repositories) with efficient transaction times and low fees.