MITO is the governance and utility token of the protocol.
· Governance: Holders can vote on protocol parameters (such as fees, supported assets, etc.).
· Revenue Rights: Staking MITO allows sharing of a portion of the income generated by the protocol (in the form of actual assets like ETH/USDC, etc.).
· Utility: It may be used to pay for service fees within the platform or as collateral when third-party protocols borrow liquidity.
Advantages and Opportunities
1. Addressing Real Pain Points: Liquidity fragmentation is one of the core challenges of the multi-chain DeFi era. Mitosis's vision is grand and to the point.
2. Innovative LaaS Model: It provides a new way for emerging DeFi protocols to quickly bootstrap liquidity, reducing cold start costs.
3. Strong Composability: As an underlying liquidity layer, it can be integrated by any DeFi application, with vast potential ecosystems.
4. Real Revenue Model: If the protocol can generate substantial income, MITO stakers will receive real returns, which is more sustainable than a purely inflationary staking model.
@Mitosis Official #Mitosis $MITO
