Wanna earn money in crypto without doing much work?
Well, Injective has a dApp called Mito Finance, offering users light-speed txs, and the lowest fees.
The protocol provides users with a suite of DeFi products:
- Automated vaults
- Permissionless vaults
- Launchpad
Catch with me, to know about this
Automated vaults
These vaults are like smart trading bots that use advanced strategies to help you earn passive income while managing risks.
This uses a sophisticated algorithm to execute trading strategies to generate returns and manage risks within set parameters.
How does this work?
Mito's vaults use order book liquidity instead of the usual liquidity model (using the formula x * y = k). This means they place specific buy and sell orders on platforms like Helix, adapting in real-time to market conditions.
What is the CPMM strategy?
When you head over to its vault section you'll see that every vault is using this strategy.
This vault strategy is perfect for users who want automated, boosted returns without the stress of managing positions or short-term price fluctuations.
How it works?
The vault forms a liquidity pair between two digital assets and earns returns by placing buy-sell orders on Injective’s order book.
To enhance earnings, depositors can stake their LP Tokens in Mito’s Staking section for additional rewards.
How to Use Mito Vaults?
- Choose a Vault: Choose a CPMM vault that aligns with your goals and risk tolerance.
- Deposit Assets: Add supported assets (such as INJ and USDT) to your selected vault.
- Automated Trading: The vault establishes a liquidity pair on Injective's order book and executes automated buy and sell orders.
- Earn Revenue: Watch your Vault Tokens increase in value as the vault generates trading profits.
- Stake for Rewards: Stake your LP Tokens in Mito’s Staking section to earn even more rewards.
- Withdraw Anytime: Withdraw your assets and accrued earnings whenever you want.
How to Create custom Permissionless vaults?
Market Selection & Vault Details
- Choose an INJ-quoted market to link your vault.
- To create a new market, use TokenStation.
- Explore all chain markets on Injective Explorer, but remember, only INJ-quoted markets are eligible for vault creation.
Vault customization
- Notional Value Cap: Once the vault's maximum fund value is set; no more deposits will be allowed once reached.
- Some parameters can be adjusted after the vault goes live to ensure a smooth start for project owners and subscribers.
- Creating a vault on Mito is straightforward and gives you full control over its operation.
Price & Initial Liquidity for Vault Creation
Token Price
- Mito sets the initial token price based on the last traded price in the selected market.
- If no last traded price exists, the vault creator can set a USD-quoted price.
- The vault will then adjust the price relative to the last traded INJ/USDT price.
Initial Liquidity
- A minimum deposit of 20 INJ is required to bootstrap the vault's strategy and place orders.
- A larger deposit is recommended to enhance the vault’s effectiveness and capacity.
Vault Creation Fee
- A 10 INJ non-refundable fee is required to create the vault.
- This fee covers the gas costs for smart contract operations.
Mito Finance Launchpad
How Does It Work?
1. Explore Upcoming Sales
2. Community Vote
3. Research Projects
4. Whitelist Access
5. Deposit INJ
6. Receive 50/50 Allocation
- 50% Project Tokens: Direct allocation of the project’s tokens.
- 50% Vault Tokens: Stake in a liquidity vault supporting trading, with no lock-ups or fees.
