Mimic’s journey started in 2021 with a simple idea on a whiteboard.
4+ years and $7B+ of processed value later, our automation has evolved into a fully decentralized protocol.
Let’s explore our story: why it matters, what got us here, and the future of onchain automation 👇
1️⃣ Structured automation with Mimic v1
In the beginning, Mimic v1 was built to automate simple DeFi strategies. Blockchain is trustless, but the operations behind it are often fragile, fragmented, and painfully manual.
We wanted to create a way to automate onchain operations, so we built “recipes” with pre-defined conditions. This worked, and we could see that automation was able to handle repetitive DeFi actions.
However, the rigidity of our v1 was also its weakness: if you wanted to change steps or conditions, you often needed to deploy a new smart contract. Also, there were no schedules, so users still had to press the “execute” button.
We learned that in order to scale, we had to allow more dynamic configurations, and let users create strategies on the go.
2️⃣ Flexible automation with Mimic v2
In 2022 we launched our v2. Instead of rigid steps, users could define many different new elements, like token addresses, thresholds or trigger conditions.
We also started implementing relayers so the automations could be scheduled with custom logic.
This opened new possibilities to create workflows or more complex onchain strategies.
We learned a lot from this flexible system. More control is great, but it can be difficult to set up if every single detail has to be built from scratch.
Also, if we wanted to create safer, and more dynamic triggers, we needed a way to validate the external data powering those triggers (like prices).
Mimic v2 was a major step in the right direction, but if we wanted to scale, we had to build a modular system, and have adapters for specific DeFi protocols, because the integrations were growing in complexity.
3️⃣ Introducing Mimic Protocol
While building Mimic v1 and v2, as well as experimenting with different automation components, we discovered we had all the pieces to build a fully decentralized, programmable, and trustless system.
In 2024, we decided to start building Mimic Protocol, the automation layer for Web3.
Mimic protocol allows users to automate any onchain tasks, with multiple conditions, across chains.
But building a trustless protocol required a new architectural approach. After key iterations, we designed a system with three core layers:
Planning Layer → where the users define the onchain tasks, execution logic, and trigger conditions. This layer ensures the automation is both flexible and deterministic.
Execution Layer → handles task execution by transforming tasks into structured “intents”. Finds the most efficient route via a network of solvers. This layer guarantees that you get the best execution outcome.
Security Layer → validates the proposed routes against the user-defined safeguards. This layer ensures only authorized actions can take place. It’s the system’s safety net.
The way users access Mimic Protocol is simple: select the operations, set the conditions, let the protocol automate the execution.
Mimic Protocol offers users a “plug-and-play” solution to automate any blockchain operations (like swaps, transfers, staking, investing) with different triggers or conditions, such as onchain events (even across chains), chronological schedules (times & dates), and other types of custom conditions (like balance thresholds).
Users can implement automation directly in their apps or backend, offering them flexibility to build and scale exactly what they need.
Mimic Protocol is a chain-agnostic platform that helps connect multiple actions across multiple chains. You get the benefits of automation without surrendering your private keys or trusting a single intermediary.
Full public launch is expected for Q4 2025! Stay tuned for more information.
4⃣ The future of onchain automation
We’re aiming to create a system where tasks are transparently defined, executed, and settled on-chain, all while giving users granular control over what happens and when.
Our vision is to make automation a foundational layer for wallets, apps, and builders to operate onchain without limits.
We believe the future of onchain automation is open, programmable, and non-custodial.