MITOSIS 101

Mitosis is a next- generation Layer1 which is designed to enhance liquidity provision across multiple chains and dApps!

No it is not a Bridge as many have come to confuse it with due to its Multi-chain capabilities, it is so much more!

A Blockchain that is built on top of the Cosmos SDK and CometBFT consensus that is aiming to revolutionise DeFi (Decentralised Finance). All in all this will allow seamless, programable and cross chain liquidity.

By enabling yield generation across multiple networks without the headache of traditional bridges or wrapped tokens.

They have done this by introducing programmable liquidity in the way of Ecosystem Owned Liquidity (EOL), which will unify Liquidity provision across a multitude of chains.

Thus enhancing capital efficiency and reducing liquidity fragmentation!

They will do this in the following ways:

Ecosystem-Owned Liquidity (EOL)

EOL, unlike traditional Liquidity that requires users to supply in pools which earns fee's, instead Mitosis accumulates and controls its own liquidity through token bonding.

Making Mitosis liquidity sticky, ensuring it doesn't drop when rewards do!

By pooling individual Liquidity together it allows retail providers to replicate institutional grade Liquidity provision.

This means:

-Lower reliance on mercenary LPs

- Improved cross-chain bridging

-Greater control over fees and slippage

-Protocol sustainability

They do this through mi and ma Assets:

miASSETs

A core component of Mitosis, by depositing assets like $ETH and $BTC you get a tokenised representation in the form of a miAsset.

So miETH or miBTC for example.

These tokens yield bearing and can be used across a range of DeFi protocols. By redeeming miAssets you can retrieve underlying asset and deposit these on other supported networks.

Currently you can deposit a number of LRT's (Liquid Restaking Tokens) in the Mito Expedition:

Mitosis Expedition

Here you generate Mitosis points for depositing assets such as $weETH, $cmETH and $uniBTC across a range of 9 chains, such as Linea, Mantle and Ethereum.

The Expedition gives users the experience of what Mitosis will offer when Mainnet launches.

It allows them to experience Mitosis' fundamental features of depositing assets and redeeming miAssets, it gives them a understanding of what Mitosis is aiming to provide in the future.

These points contribute towards the future $MITO airdrop, though each expedition point will be weighted differently due to the TVL of each LRT type.

You can read more about miASSETS and the Expedition here

maASSETs

These are derived from Mitosis's flag ship product, their Matrix vaults.

By supplying liquidity in these vaults users receive maAssets, these assets can yield exclusive rewards from participating partner DeFi projects .

Such as current campaigns with the Theo Network and Zootosis on Morph Layer where you can accrue $THEO , $MITO and $MORPH rewards.

Currently, there is over $12m TVL across these Vaults.

Matrix Vaults

These are where users can deposit assets, which are then automatically allocated and utilised across various chains. It provides transparent, superior rewards while ensuring complete control over your assets. 

Currently these vaults are deployed on each supported network for each campaign such as Morph and Linea. Then depositors receive their maAsset on that network, where they access multiple rewards generated by each Matrix Vault.

Upon the launch of Mitosis mainnet , mi and ma assets will be received on the the Mitosis Layer 1 oppose to the deposited chain.

Users will then access multiple rewards generated by each Matrix Vault.

You can read more on Matrix Vaults here:

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The best thing about these assets are that unlike traditional LP tokens, these are liquid and can be traded or used as collateral, giving users greater flexibility in DeFi.

Adding to all the above, Mitosis have solid partnerships with huge projects such as Ether.fi and Hyperlane with a solid $7m backing from the likes of Amber Group and Foresight Ventures.

Mitosis aren't just another projects trying to reinvent the liquidity wheel, they are breaking it and starting over!

Programmable Liquidity will be everywhere!