What is Mitosis (MITO)?
In many DeFi protocols, deposited tokens are often locked and cannot be used elsewhere, reducing capital efficiency.
Mitosis solves this problem by converting deposits into Hub Assets, representative tokens that can move across blockchains. Instead of sitting idle, Hub Assets can be used in community-managed pools to generate stable returns or in custom strategies aiming for higher yields.
How Mitosis Works
Modular Architecture
Mitosis is a Layer 1 blockchain built with a modular architecture, separating the execution layer from the consensus layer.
Execution Layer:
Fully compatible with the Ethereum Virtual Machine (EVM), allowing developers to use Ethereum smart contracts and tools immediately.
Consensus Layer:
Uses Proof of Stake (PoS) powered by Comet Byzantine Fault Tolerant (CometBFT) for fast, reliable consensus. And Built with Cosmos SDK, providing security, flexibility
ability to adopt Ethereum upgrades while leveraging innovations from the Cosmos ecosystem.
Hub Assets
Mitosis connects to Ethereum, Arbitrum, and BNB Chain through a hub-and-spoke architecture.
When users deposit tokens in a Mitosis Vault on a supported chain, Hub Assets are minted 1:1 on Mitosis. Hub Assets act as more flexible versions of the original tokens, allowing users to move
capital across the ecosystem and choose strategies without the slow and complex process of bridging or wrapping.
General Workflow
Deposit Tokens:
Users deposit tokens into a Mitosis Vault on a supported blockchain.
Receive Hub Assets:
Hub Assets are minted on Mitosis at a 1:1 ratio to the deposit.
Select Strategy:
Ecosystem-Owned Liquidity (EOL) For passive returns, managed by a community board. Or Matrix For higher-yield, pre-selected DeFi opportunities.
Receive Strategy Tokens:
EOL → miAssets, Matrix → maAssets These tokens represent the user’s investment and start generating returns immediately.
Collect Rewards:
Profits are collected into the Vault. Hub Assets are minted and distributed back to users transparently.
Products
Ecosystem-Owned Liquidity (EOL)
Users pool assets with others, and the community decides how liquidity is utilized.nDepositing into the EOL Vault yields miAssets, representing a share of the pool. Returns are generated automatically from multi-chain strategies.
Retail users benefit from large liquidity pools usually reserved for institutions while retaining governance and voting rights.
Matrix
Provides access to curated DeFi investment opportunities with transparent terms and rewards. Depositing Hub Assets into Matrix mints maAssets, which start generating returns immediately. Each campaign specifies supported assets, reward distribution, and associated risks.
Users can select strategies matching their goals, providing transparency and control while protocols gain liquidity competitively.
Liquidity Booster
Incentivizes additional deposits beyond normal returns. Depositing via Binance Wallet App can earn extra MITO tokens and support liquidity for new DApps.
Enables deposits to generate returns while contributing to the growth of the Mitosis ecosystem.
Mitosis Tokens
gMITO
Governance token, earned by staking MITO or becoming a validator. Can convert back to MITO 1:1. Determines voting power for protocol upgrades, parameter changes, and cross-chain operations.
tMITO
Time-locked version of MITO from the Genesis Airdrop. Can be used in staking, liquidity pools, or as collateral while locked. Unlocks after 180 days at 2.5× the original MITO, with additional bonus rewards.
MITO
Native utility token. Used for staking, rewards, and participating in ecosystem activities. Staking MITO also earns gMITO, enabling participation in governance.
MITO Token Distribution:
Ecosystem: 45.50%
Initial Liquidity: 4.00%
Genesis Airdrop: 10.00%
Team: 15.00%
Foundation: 10.00%
Exchange Marketing: 3.50%
Investors: 8.76%
R&D: 1.24%
Builder Incentive: 2.00%
Max supply: 1 billion MITO
Circulating supply: 181.27 million MITO
Summary
Mitosis introduces a new way to improve DeFi liquidity. Deposits are converted into Hub Assets, which can move across blockchains. Users can earn passive returns via EOL or access curated DeFi opportunities via Matrix.
Users can freely choose strategies according to their risk tolerance and goals while maintaining transparency and control over capital.