Layer-1 Projects with Mitosis Synergy Potential

Everyone wants to take advantage of DeFi and blockchain technology, but challenges such as scalability, security, and decentralization persist. Mitosis offers a solution to these problems. Before diving into that, let's first review the basic functions of Layer-1 blockchains and their role in DeFi.

A Layer-1 blockchain serves as the foundation of a blockchain network. It refers to the main blockchain architecture, such as Bitcoin, Ethereum, or Solana. These blockchains are responsible for core functions like validating transactions, securing the network, and maintaining consensus. Simply put, Layer-1 is the backbone of blockchain technology.

Introducing Mitosis: The Game Changer in Liquidity Management

Mitosis is an Ecosystem-Owned Liquidity (EOL) Layer-1 modular blockchain that is transforming the DeFi liquidity pool experience. In essence, Mitosis is an L1 blockchain system designed to simplify the connection between different blockchains, making them faster, more efficient, and environmentally friendly. Think of Mitosis as a high-speed highway enabling blockchains to share resources, trade seamlessly, and collaborate efficiently.

Now, let's explore what Mitosis is building, its collaborations, and how it's set to reshape the world of DeFi.

Key Features of Mitosis and How Collaborations Tackle DeFi Issues • Interoperability: Mitosis’s partnership with Hyperlane Network—an open-source, permissionless interoperability solution—ensures seamless interaction with other blockchain ecosystems, enhancing the DeFi experience. By leveraging community collaboration, Mitosis broadens its ecosystem, enabling smooth interoperability. • Scalability and Efficiency: Mitosis enhances cross-chain functionality with Jumper, making asset transfers across blockchains fast and easy. This boosts yields and simplifies multi-chain DeFi, making it more accessible and efficient. • Enhanced Security Protocols: • EigenLayer provides Cryptoeconomic Security as a Service, allowing Mitosis to leverage Ethereum’s robust security. This enables builders to focus on innovation without worrying about building security frameworks from scratch. • Ethos strengthens security further by integrating advanced protocols in collaboration with EigenLayer. This partnership ensures a protective shield around users’ assets, guaranteeing the safety of funds. • Asset Management and Transfers: • Zerion: Mitosis integrates Zerion's powerful tools and API, offering real-time wallet data and a unified dashboard for tracking and managing DeFi assets. Users can easily monitor the total value locked (TVL) in Mitosis Expeditions and manage assets from multiple blockchains all in one place. This integration aligns perfectly with Mitosis’s goal of providing an easy-to-use platform for managing your entire Web3 portfolio. • Capsule: Simplifies asset management by enabling users to manage assets across different blockchains in one intuitive platform. Gone are the days of juggling multiple wallets—Capsule integrates seamlessly into the Mitosis ecosystem, streamlining the process. Mitosis EOL (Ecosystem-Owned Liquidity) for Yield Efficiency

Cross-chain yield deposits face challenges such as fragmented liquidity, slow transaction speeds, high fees, and poor interoperability across blockchains. Users want to deposit funds on one chain and earn yield across multiple chains without friction or excessive costs. Mitosis addresses these challenges with its EOL model. Mitosis’ EOL pools liquidity from its community and ecosystem to create a cross-chain liquidity vault. This vault includes protocols such as: • Symbiotic weETHs deposits powered by EtherFi • uniETH and uniBTC from Bedrock • ezETH from Renzo • cmETH from Mantle These protocols work together to maximize yield opportunities on Mitosis’ expenditure mainnet campaign. (https://app.mitosis.org) • Aggregate TVL: Lock assets from various chains into Mitosis to maximize yield opportunities. • Optimize Yields: Mitosis uses governance processes to identify the best yield-generating strategies (staking, liquidity provision, or lending) across partner blockchains. • Ensure Low Fees: Mitosis eliminates reliance on third-party liquidity providers by owning the liquidity, ensuring low fees and maximizing returns.

Morse: A Revolutionary Achievement in Mitosis One of the remarkable milestones of the Mitosis project is the creation of Morse, a ground-breaking sidekick to Mitosis. The Birth of Morse In the Mitosis lab, 10,000 DN-404 genes were incubated, giving rise to Morse. But what exactly is Morse? Morse is a DN-404 token standard, which was transformed from ERC-404 to enhance efficiency, interoperability, and functionality. It combines the characteristics of an NFT and a token in a single framework, with two contract addresses: • ERC-20 (token) • ERC-721 (NFT) Morse was introduced to the Mitosis community through a Galxe campaign as a reward for participants who completed specific tasks, such as holding certain roles in the Discord server. Morse Reveal and Rarity The incubation of Morse was officially completed and revealed on July 20, 2024, via the official Morse handle on X (formerly Twitter) https://x.com/Morse_404?t=xJoLacT4xcXAI5j08XN3SQ&s=09 The rarity distribution of Morse NFTs is as follows: • Lil Pup: 4,700 • Rare Pooch: 3,000 • Epic Canine: 1,600 • Legendary Hound: 480 • Mythical Breed: 220 • Total: 10,000 Morse Re-Rolling Feature Morse introduces a unique re-rolling feature, which allows users to swap their current NFT for a new one. This process involves burning the old NFT and minting a new one. Steps to Re-Roll: • Use two wallets for the process. • From the main wallet holding 1 Morse, transfer 0.3 Morse to a second wallet. This action will burn the current NFT. • Transfer the Morse back from the second wallet to the main wallet, and a new NFT will automatically be minted. Important Note: Anytime the token balance falls below 1 Morse, the current NFT is automatically burned. To simplify this process, tools like the Morse Rarity Re-Roll Checker (designed by Mitosis OG/Sensei, MurinxDA) are available in https://linktr.ee/morse404

Benefits of Morse NFT Holders Morse has significantly strengthened the Mitosis community by driving engagement through its unique benefits. Key utilities include: • Point Boost: A 1.3x point boost on the Mitosis Expedition Mainnet. • Exclusive Discord Access: Entry to a special channel, Morse Trainer, for NFT holders. • Collaborations: In Morse’s first collaboration, 300 lucky holders won whitelist spots to mint Tuzi NFTs (Initia).

To know more about Morse, visit https://linktr.ee/morse404 Governance-Driven Yield Strategies Mitosis employs a governance mechanism that allows stakeholders to vote on which protocols or chains to allocate liquidity to. This process ensures transparency and efficiency in yield strategies, with eligible users voting via the EOL Synthesis app on their preferred protocols. Community Engagement: The Key to Mitosis' Success Community is essential to the success of any project, and Mitosis excels in this area. The project onboarded a large number of participants through its incentivized testnet, "Game of Mito," which served as an educational experience for many newcomers to DeFi. This initiative sparked interest in DeFi and helped build a thriving, supportive community.

Mitosis has cultivated a thriving, supportive community active on Discord and social media. Members actively promote Mitosis through threads on X, articles, and general outreach, creating a strong network of genuine supporters. In conclusion, Mitosis is not just building a Layer-1 blockchain; it is revolutionizing the way liquidity management and interoperability work in DeFi. With its strong partnerships, innovative governance models, and active community, Mitosis is poised to reshape the landscape of decentralized finance.