mister00 🧬
@mister00
WHAT AND HOW @MitosisOrg VAULTS WORK: A Step-by-Step Breakdown 🧵 Mitosis Vaults are the foundational infrastructure of the Mitosis ecosystem that let one deposit crypto (like ETH) securely across blockchains & use it in DeFi! 🪢 Here’s how I’d imagine it for clear understanding Picture me as a traveler with $1,000. I want to keep safe on my trip. I’d use “Mitosis Global Safe Deposit” (like Mitosis Vaults) with branches worldwide (blockchains like Ethereum). It’d let me use my cash’s value anywhere! 💸 🪢
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mister00 🧬
@mister00
Step 1 of the process will be: Depositing My Cash 💰 I’d walk into the New York branch (Ethereum) and deposit $1,000 into a secure box (the Vault). It’s locked tight, so I’d feel safe knowing my money’s protected! 🔒 This will mint my assets into Vanilla Assets, giving me a voucher 🪢 Step 2: Getting My Voucher 🎟 They’d give me a “Vanilla Voucher” (Vanilla Assets) worth $1,000 on their global app (Mitosis Chain). It’s my digital ticket to use my $1,000’s worth anywhere in the world! The Cross-Chain Use/Accessibility 🪢 Step 3: Using It Globally 🌍 In Tokyo (a Cosmos chain), I’d use my voucher to join an investment club (like EOL) without carrying cash. It’s proof of my $1,000, letting me tap into opportunities far from New York, making me feel like a DeFi globetrotter using my voucher in Tokyo! ✈️ Withdrawing 🪢
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