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Mitosis raises $7m in Seed funding

Panama based DeFi liquidity company raised $7m in Seed funding led by Amber Group and Foresight Ventures.

"Mitosis proposes a new concept of participating in DeFi called Ecosystem-Owned Liquidity (EOL). Mitosis’ EOL redefines the current LP<>protocol dynamic by empowering its pooled liquidity with a competitive advantage. Mitosis LPs participate in the EOL governance to decide asset allocation strategies for optimal return."

Tags

financings, defi