Mitosis Monthly Recap - October 2024

Mitosis Monthly Recap - October 2024

Welcome to the Mitosis Monthly Recap for October 2024! This month has been marked by remarkable achievements, community growth, and exciting new initiatives that continue to shape our ecosystem. Let's dive into the highlights of October and explore how Mitosis is revolutionizing DeFi.

Game of MITO: Growing Momentum

The excitement around Game of MITO continues to build, with remarkable community engagement demonstrating the strong appeal of our innovative approach to DeFi. Our public testnet waitlist via Game of MITO has now attracted over 180,000 wallets controlling approximately half a billion dollars worth of assets! This extraordinary level of interest underscores the community's enthusiasm for our vision of Ecosystem-Owned Liquidity and optimized yields.

uniBTC Expedition: Lightning-Fast Success

October saw a remarkable milestone in our Expedition program with the integration of uniBTC. The response from our community was nothing short of extraordinary – the $2 million cap was reached within just 24 hours of launch. This unprecedented speed of adoption demonstrates the growing confidence in Mitosis's ability to optimize and maximize yields across the DeFi ecosystem.

Ecosystem Builder Spotlight: Clober

We're thrilled to announce that Clober, an innovative on-chain order book protocol, will be building on the Mitosis L1 blockchain. This development marks a significant step in our ecosystem's growth, as Clober brings their advanced trading infrastructure to our platform. Their decision to build on Mitosis reinforces our position as a leading platform for next-generation DeFi applications.

Community Leadership Evolution

October marked the announcement of our revamped Community Leadership Pathway, set to launch in November 2024. This comprehensive update introduces a clear progression system with three distinct roles: Gakusei (学生), Daigakusei (大学生), and Sensei (先生). This new framework represents our commitment to nurturing community talent and providing clear paths for growth and contribution within the Mitosis ecosystem.

Community Engagement & Initiatives

Praise Program Progress

The Mitosis Praise program has shown remarkable adoption in its first full month of operation. Between October 10-31, our community members exchanged 410 praises, demonstrating the strong culture of recognition and appreciation within our ecosystem. The program continues with a monthly allocation of 10 MORSE tokens, incentivizing meaningful contributions and fostering positive engagement.

Writer's Arena Success

Our first Writer's Arena received an impressive response, with numerous high-quality submissions focused on the Game of MITO. The depth and creativity displayed in these articles showcase our community's understanding and enthusiasm for Mitosis's innovative approach to DeFi. Rewards for these valuable contributions will be distributed in November.

Knowledge Arena Evolution

The Knowledge Arena initiative has provided valuable insights into building robust community engagement systems. We're grateful for the honest participation of the majority of our community members and are actively developing enhanced verification methods to ensure a fair and rewarding experience for all participants. These improvements will help create an even stronger foundation for future community initiatives.

Halloween Bounty Celebration

Our first Mitosis Halloween event brought out incredible creativity from our community. The quality of submissions exceeded expectations, leading to expanded reward distributions. Congratulations to our winners, including @Acos (1st place), @KITSY (2nd place), @MurinXDA & @Atani (3rd place), and our additional recognized contributors. The event showcased the vibrant artistic talent within our community.

Bangkok Event Representatives

We're excited to announce our community representatives for the upcoming Bangkok event: @Febzz, @zodiac3011, and @whysomad_o.o. These members will represent Mitosis at our community event in November, demonstrating the global reach and engagement of our ecosystem.

Looking Ahead

As we move into November, several exciting developments await:

Game of MITO Preview: Item & XP Boost System

We're offering a sneak peek at an upcoming feature that will enhance the Game of MITO experience. The system will include:

• Profile items with XP boosts
• Special bonuses for complete item sets
• A crafting system using Shards and Gems
• Morse NFT holder benefits
• Six unique item categories for customization

Community Leadership Implementation

November will see the launch of our revamped Community Leadership Pathway, providing new opportunities for members to grow and contribute to the ecosystem.

Continued Innovation

Stay tuned for more developments in our ecosystem, including:

• Enhanced community engagement systems
• New partnership announcements
• Expanded opportunities for builder participation
• Additional community events and initiatives

Closing Thoughts

October 2024 has been a month of significant growth and evolution for Mitosis. From the lightning-fast success of our uniBTC integration to the announcement of new builders and the advancement of our community programs, we continue to make strides in reshaping the DeFi landscape.

As we look forward to November, our commitment to building a robust, community-driven ecosystem remains stronger than ever. Thank you for being part of this journey as we continue to innovate and expand the possibilities of decentralized finance.

Stay tuned for more exciting developments as we continue to revolutionize on-chain liquidity and yield sourcing!