Mitosis

Mitosis

An EOL L1 blockchain that redefines the DeFi LP experience. Learn more

Launch date
Market cap
-
Enterprise valuation
AUD43—65m (Dealroom.co estimates May 2024.)
Distrito Panamá Panamá (HQ)
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Mitosis.org operates in the decentralized finance (DeFi) sector, focusing on providing a robust multi-chain liquidity solution through its Ecosystem Owned Liquidity (EOL) L1 blockchain. The company serves liquidity providers (LPs) and decentralized applications (dApps) by offering a platform that unifies and manages assets across various yield opportunities in the multi-chain DeFi landscape. Leveraging Hyperlane's permissionless interoperability stack, Mitosis enables its ecosystem apps to access liquidity from multiple chains, fostering an efficient market environment and maximizing LP earning potential.

Mitosis's business model revolves around its Mitosis Vaults, where LPs can deposit assets to gain exposure to multi-chain DeFi opportunities. This approach not only enhances capital efficiency but also provides greater bargaining power for the ecosystem, compelling lending protocols to offer more competitive reward schemes. The company generates revenue through transaction fees and potentially through partnerships with dApps that utilize its liquidity solutions.

Operating in the rapidly evolving DeFi market, Mitosis targets active DeFi participants who seek to optimize their liquidity management across multiple networks. By simplifying the process of gaining multi-chain exposure, Mitosis addresses the challenges faced by LPs in keeping up with innovations across different networks.

Keywords: DeFi, multi-chain, liquidity, EOL, blockchain, LPs, yield opportunities, interoperability, Mitosis Vaults, Hyperlane.