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  1. PERP DEX BASICS

MITO Vaults

Vaults on DVX Perp DEX on Mitosis Testnet

DVX has launched 8 Token Vaults on the Mitosis Testnet.

Users can choose one of the eight Vault Assets as collateral for trading. PnL settlements for trades are also conducted using the selected Asset.

MITO Vault serves as the counterparty for all trades conducted on the Mitosis Testnet.

  • When traders profit (positive PnL): The profit is paid out by the MITO Vault.

  • When traders lose (negative PnL): The loss is sent to the MITO Vault.

In exchange for this role, the MITO Vault receives a portion of the trading fees, which are proportionally distributed to MITO Vault shareholders. This incentivizes participation from Vault stakers.

Detailed explanations about the liquidity provision function and the staking process for the MITO Vault will be provided after the Game of MITO.

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Last updated 4 months ago