Mitosis Crypto Protocol (MITO)
Mitosis blockchain aims to aid various DeFi protocols in bootstrapping liquidity and attracting new users more effectively by implementing its pioneering EOL (Ecosystem-Owned Liquidity) governance model. EOL allows users to contribute to Mitosis vaults and earn miAssets in exchange. These miAssets can be used to vote on the best strategy for EOL allocation to multiple reward opportunities and to participate in discussions across the Mitosis DeFi ecosystem.
$MITO is the native token of the ecosystem, driving governance, liquidity rewards, and access to services while also employing deflationary burns to enhance scarcity.
Since its inception in 2022, the protocol has managed to raise over $7M from Amber Group, GSR, Foresight Ventures, Big Brain Holdings, and others.
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