Mitosis Evolve - Open Initiative for Builder Alignment

Shape the Future of DeFi with Mitosis

Say Hello 👋 to Mitosis Evolve!

At Mitosis, building a strong and vibrant ecosystem begins with attracting many talented builders. We're excited to introduce Mitosis Evolve—an open initiative embodying our vision to revolutionize on-chain liquidity and yield sourcing by aligning builders through Retro-PGF (retroactive public goods funding). We'll conduct Mitosis Evolve in phases, allocating 25% of Mitosis's total token supply to support this effort. Phase 0: Genesis Builders marks the inaugural phase of Mitosis Evolve, and we're calling all innovative developers to join us at the forefront of the next wave of decentralized finance powered by Ecosystem-Owned Liquidity.

What Is Mitosis, and Why Should I Build on It?

Mitosis is a pioneering Layer 1 blockchain ecosystem designed for liquidity innovation in DeFi. At its core, Mitosis is powered by Ecosystem-Owned Liquidity (EOL), a unique approach that sets it apart from traditional blockchain platforms. A Novel DeFi primitive on the Mitosis chain, miAsset’s source yield opportunities across multichain DeFi ecosystems simultaneously. Mitosis Builders have unparalleled opportunities to create disruptive and inventive applications, such as obtaining the governance power to allocate underlying assets on multiple chains based on the TVL captured on the Mitosis EVM-based application ecosystem.

Mitosis has successfully secured $7 million in fundraising from leading investors and angels, showcasing strong confidence in its vision and potential. Additionally, Mitosis has launched a liquidity program called Expedition, which has amassed around $72 million and engaged 100,000+ on-chain users ready to dive into the Mitosis chain when it goes live.

Key Features and Highlights of Mitosis

1. Ecosystem-Owned Liquidity (EOL): Mitosis enhances capital efficiency by collectively managing liquidity across multiple DeFi platforms, granting liquidity providers voting power to influence the ecosystem's direction.
2. miAssets—Composable Liquidity: With miAssets, builders have access to new primitives, leveraging their composability and yield-generating capabilities to create novel applications and keep liquidity flexible across platforms.
3. Ethereum-Backed Security via EigenLayer: Mitosis ensures robust security by leveraging Ethereum's proven technology through EigenLayer, providing a solid foundation for developers and users.
4. Expedition Program: This significant liquidity initiative has amassed around $72 million in total value locked and engaged over 100,000 + on-chain users, setting the stage for a robust launch.
5. Strong Community and Support: Backed by $7 million in fundraising from leading investors and a growing community eager to participate, Mitosis is poised to drive the next wave of DeFi innovation.
Join us in exploring the transformative potential of Mitosis and be part of the next wave of DeFi innovation. Please complete the application form so we can get to know you. We'll be in touch soon.
To learn more about Mitosis, read our docs for more detailed information.

Phase 0: Genesis Builders

Genesis Builders marks the inaugural phase of the Mitosis Evolve program, designed specifically for early adopters who choose to build on Mitosis from the Public Testnet stage onwards. By participating in this phase, builders will gain access to a thriving ecosystem and have the unique opportunity to collaborate with partnered applications while receiving direct support from the Mitosis Foundation. This early involvement allows Genesis Builders to shape the future of the platform and enhance their projects through strategic cooperation.
The Mitosis Evolve program offers a range of exclusive benefits for Genesis Builders. Participants will receive special rewards and recognition within the Mitosis community, setting them apart as pioneers in this innovative ecosystem. Moreover, Genesis Builders will benefit from comprehensive support, including assistance with offline events and extensive fundraising opportunities backed by Mitosis's robust support network. This holistic approach ensures that builders have the resources and connections needed to succeed in this cutting-edge environment.

Inspiration for Your Creations

While Mitosis encourages innovative thinking, several key areas could benefit from creative solutions:

DeFi Innovations

1. Yield Tokenization Protocols
   • Develop systems to separate and recombine different types of yield from miAssets, allowing users to customize their yield exposure.
   • Enable defragmentation of trading the same type and form of yield across different assets, making yield more composable and efficient.
2. Hook-Based Money Market Protocols
   • Leverage miAssets' yield-earning capabilities for asset looping and leveraging on the Mitosis Chain.
   • Integrate with Automated Market Makers (AMMs) to lend unused pooled assets passively while effectively utilizing active liquidity.
3. Isolated Money Market Protocols
   • Support new and lower-liquidity tokens as collateral in isolated lending markets, addressing the challenges pooled lending protocols face with volatile or less liquid assets.
   • Enhance liquidity provision for emerging assets on Mitosis.
4. Next-Generation AMMs
   • Explore and develop advanced AMM models, such as variable-weight AMMs, tri-token AMMs, or innovative mechanisms like fm/mc/amAMMs.
   • Improve liquidity provision and trading efficiency through novel AMM designs.
5. Prediction Markets
   • Build platforms that allow users to speculate on miAsset yields, token prices, or other Mitosis-specific metrics.
   • Introduce innovative features for predicting yields accrued to miAssets, enhancing user engagement and market dynamics.
6. Advanced Trading Platforms
   • Utilizing miAssets' unique properties, create leveraged trading platforms, perpetual contracts, spot trading, or options order books.
   • Unlock new functionalities by enabling users to trade assets with second-order utilities beyond their underlying value.
7. Aggregators
   • Develop decentralized exchange (DEX), lending, and perpetual aggregator platforms to provide users with efficient execution across various DeFi functions.
   • Simplify user experience by consolidating multiple protocols into a single interface.
8. Automated Strategy Vaults/Bots
   • Offer single or multi-protocol vault strategies that automatically adjust based on on-chain and off-chain data feeds.
   • Allow users to participate in complex strategies without needing constant manual intervention.
9. CDP Stablecoins
   • Enhance collateralized debt position (CDP) systems using miAssets as yield-bearing collateral.
   • Introduce self-repaying CDP positions and establish more stable collateral values through redeemable miAssets.

Governance Tools

1. Automated Voting and Delegation Systems
   • Streamline governance participation by developing tools that facilitate algorithmic voting and delegation.
   • Improve communication and information flow between voters and delegates, making governance processes more efficient and user-friendly.
2. Encrypted Voting Mechanisms
   • Design systems that prevent groupthink by keeping individual votes confidential until finalized.
   • Ensure truly decentralized decision-making by shielding individual choices from public view until after the voting period ends, thus minimizing the potential for herd mentality or voter manipulation.

SocialFi Platforms

1. Information Markets
   • Create platforms offering unique insights, analytics, and data-driven quantitative insights for liquidity providers and DeFi participants.
   • Provide a one-stop social information hub that goes beyond standard market data.
2. Community Promotion Initiatives
   • Enable community members to monetize their reputation or sponsor initiatives within the Mitosis ecosystem.
   • Develop platforms that ensure legitimacy and trust while creatively promoting new projects and ideas.

NFT Ecosystem

1. Novel NFT Marketplaces
   • Innovate with mechanisms like Gradual Dutch Auctions or NFT fractionalization to enhance liquidity and price discovery in NFT trading.
   • Develop AMMs tailored for NFTs to improve market efficiency.
2. Identity and Reputation NFTs
   • Showcase users' on-chain activity and participation within the Mitosis ecosystem through reputation-based NFTs.
   • Foster community by allowing users to associate with groups or collectives, highlighting their engagement and contributions.
3. Generative and Programmable NFTs
   • Develop dynamic NFTs that evolve based on on-chain activities or external events, offering users unique and personalized digital assets.
   • Implement features like "rerolling" NFTs to allow customization and enhance user interaction.
4. Integrations with DeFi and SocialFi
   • Augment the utility of NFTs by integrating them with DeFi protocols and SocialFi platforms.
   • Explore cross-functional applications that enhance the NFT value proposition and the broader ecosystem engagement.

These ideas are just the beginning. We're excited to see the unique innovations you'll bring to Mitosis!

Ready to Make an Impact?

1. Express Your Interest: Fill out our application form or contact the Mitosis Team directly to share your ideas.
2. Stay Informed: Follow us on Twitter @MitosisOrg for the latest updates and announcements.
3. Start Building: Dive into the Mitosis Testnet and create your groundbreaking applications.

Important Notes

• Program Details: Stay tuned for updates on incentive distribution criteria and decision-making processes.
• Support and Resources: Access our documentation, developer guides, and community forums to assist you in your building journey.

Don't wait—join the Mitosis Evolve initiative today and be a part of building the next generation of DeFi applications!
Embark on this journey with Mitosis and leave your mark on the DeFi landscape.