It has been answered many times on the forum, there won't be fastboot versions when the recovery is available, and you don't need to format to use a recovery.Guys, please make fastboot version for Mi 11 Ultra star. How much time has passed, or is it too complicated? I apologize if I don't understand something. I don't want to do full formatting because there are many files.(( Thank you for your work!
Here is a tutorial: https://xiaomi.eu/community/threads/installing-a-custom-recovery.67841/
Edit : Or you can wait for the hybrid ROMs
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