Injective Labs launches Mito, an automatic trading and yield-generating protocol.

BlockBeats reported on June 23 that Injective Labs has launched the Mito protocol for automated trading and yield generation, which is currently available on the testnet. Mito consists of two main components: an automatic strategy insurance library for passive yield generation and a complex token launchpad. Users will be able to use trading strategies to earn profits and new tokens. Currently, only Ninja Pass holders can access the Mito testnet, and they can start using the beta version by connecting their wallets to Mito.fi. Early access privileges will then be distributed on Discord.