Mitosis’ $7M Seed Fundraising Announcement
Today, we’re thrilled to share a momentous achievement. The team has secured a total of $7M in funding, a testament to the trust and belief of our industry’s leading investors and strategic partners, including the lead investors Amber Group and Foresight Ventures.
With this strong financial backing and the support of our insightful experts and partners, Mitosis is well-positioned to redefine the DeFi LP experience in the upcoming modular era. We are grateful for the trust and support of our partners and investors, and we look forward to continuing this journey together.
Let’s take a quick look at what Mitosis is building.
Ecosystem-Owned Liquidity (EOL)
Mitosis proposes a new concept of participating in DeFi called Ecosystem-Owned Liquidity (EOL).
In the upcoming modular blockchain ecosystem, hundreds and thousands of sovereign networks leveraging seamless chain deployment will emerge. Each network will foster its own ecosystem with creative product offerings backed by specialized blockchain infrastructure for optimal performance. However, all ecosystems require the same component to thrive: uninhibited access to liquidity.
Mitosis’ EOL redefines the current LP<>protocol dynamic by empowering its pooled liquidity with a competitive advantage. Mitosis LPs participate in the EOL governance to decide asset allocation strategies for optimal return. Protocols actively participate in the EOL community to market their offerings and procure liquidity. EOL achieves an efficient market with symmetric, transparent information that makes the Mitosis protocol scalable and benefits all participants.
To learn more about EOL, please check out our newest article here: https://medium.com/mitosisorg/ecosystem-owned-liquidity-redefining-lp-asset-management-04e31e0205bf
What’s next: The Expedition Campaign
Expedition is Mitosis’ inaugural campaign to lead liquid restaking token’s (LRT) multi-chain expansion. The first Epoch opened at 15:00 UTC on April 25th and successfully reached the TVL cap within an hour. Epoch 2 will commence at 15:00 UTC on May 2nd with an increased cap. Don’t miss out on the chance to participate by depositing your eETH to join the Mitosis Ecosystem early.
Join the Mitosis Community
Please follow our journey and provide your thoughts on our Discord and X. We’ll run regular AMAs & podcasts and provide other essential updates to keep you in the loop. Interested in how Mitosis works? Take a deeper dive into our technical documentation.
Link3 | Website | Expedition | Documentation | X (Twitter) | Discord | Telegram
