According to Odaily, modular liquidity protocol Mitosis has announced on its official website that it is actively seeking a second round of funding in Hong Kong and the United States. The protocol is aiming to expand its financial backing following a successful previous funding round earlier this year. In May, Mitosis secured $7 million in funding, with Amber Group and Foresight Ventures leading the investment. This new round of funding is expected to further support the development and expansion of the protocol's services and capabilities.

In addition to the funding news, Mitosis has also revealed plans to launch an incentivized testnet. The upcoming testnet, named 'Game of MITO,' will allow participants to accumulate MITO test coins, which will later be converted into governance tokens. This initiative is designed to engage the community and encourage participation in the protocol's development and governance processes. The incentivized testnet is a strategic move to build a robust and active user base, which is crucial for the protocol's long-term success and sustainability.

Mitosis's efforts to secure additional funding and launch an incentivized testnet highlight its commitment to innovation and growth within the decentralized finance (DeFi) space. The protocol's focus on modular liquidity solutions aims to address some of the key challenges in the DeFi ecosystem, such as liquidity fragmentation and inefficiencies. By continuing to attract investment and engage its community, Mitosis is positioning itself as a significant player in the evolving DeFi landscape.