Mitosis

The Mitosis Liquidity Protocol ensures scalability in capital efficiency by catering to a broad range of cross-chain DeFi demands as liquidity grows. Its architecture relies on two key components: miAssets and the Mitosis Ecosystem.

Seed Round: $7 Million

Whitepaper

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What is Mitosis

Mitosis consists of the Mitosis L1 Ecosystem and Mitosis Vaults on multiple networks. The Mitosis Ecosystem manages the liquidity that flows from different networks through the Mitosis Vaults. Mitosis defines this liquidity as Ecosystem-Owned-Liquidity(EOL), and all participants within the ecosystem can opt to partake in the decision-making process of liquidity allocation. The EOL across multiple networks redefines the DeFi LP experience. Here are a few scenarios to illustrate what Mitosis can do:

• A lending protocol offers favorable terms to the Mitosis Ecosystem in hopes of receiving a portion of the EOL for its lending pool. With control over the sum of all LPs’ liquidity, the ecosystem gains a greater bargaining power, forcing the lending protocol to propose a more competitive reward scheme.
• A new DEX protocol wants to utilize Mitosis’ EOL to bootstrap liquidity. The DEX must present a clear and compelling reward scheme to attract the ecosystem. This allows the ecosystem to make an informed decision while DEX benefits by minimizing its dependence on private market makers.
• An active DeFi participant on Ethereum is aware of the rapid innovations across multiple networks but struggles to keep track of all of them. To stay current and avoid falling behind, the LP decides to deposit into the Mitosis Vault. The LP can tap into benefits from all networks supported by Mitosis simply by depositing to Mitosis on Ethereum.