Crypto tech startup iZUMi Finance raises $30 million in fresh funds to expand ecosystem and debuts iZiSwap on BNB Chain | tech news

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Back in March, crypto-tech startup iZUMi Finance, the innovative multi-chain DeFi protocol that provides Liquidity as a Service (LaaS) on multi-chains, made a splash after partnering with HOURAI to expand its upcoming NFTs to bring value from iZUMis DeFi derivatives.

A month earlier, iZUMi also launched a revolutionary Decentralized Autonomous Organization (DAO) with veNFT governance based on square voting. Now iZUMi comes out with another big announcement.

Today iZUMi Finance announced the launch of its next generation decentralized exchange (DEX) iZiSwap on the BNB chain. In conjunction with the launch, iZUMi announced that it has raised $30 million in new funding to expand the ecosystem.

Tying it to the Discretized Liquidity AMM model, which promises to reduce price slides on token exchanges, it comes alongside the debut of iZUMi’s new USD-pegged 100% collateralized bond iUSD.

iZUMi raises $30 million and expands ecosystem

Through the sale of bond coupons and iUSD receivables, iZUMi announced that it has raised US$30 million to support the early provision of liquidity for iZiSwap’s launch. Ivy Ventures, Cobo, Mirana and other institutional investors contributed $20 million to the capital increase, including $11 million raised through the sale of bond vouchers Solv logto support the future development of the iZUMi ecosystem.

There was incredible community demand for iZUMi Bond Vouchers, with BUSD 4 million worth of vouchers selling out in just 17 minutes during the raise and another 5,000 BNB – the equivalent of USD 2 million – selling out in just under three hours.

iZUMi Finance has held a new round of Bond Vouchers sales to raise 2,500 WETH and 550,000 BIT to activate the BIT/ETH pool liquidity providers on Uniswap V3. Earlier on May 8th, BitDAO created its liquidity pool from BIT/ETH on Uniswap V3 with its liquidity service provided by iZUMi Finance. These two parties have introduced an incentive period that lasts 2 months and rewards liquidity providers with double rewards of iZi/BIT tokens.

New features in iZiSwap

The launch of iZUMi’s new Discretized Liquidity AMM will enable the launch of a unique limit order feature in iZiSwap, which guarantees traders no slippage and cheaper trading fees.

(A comparison of capital efficiency between iZiSwap and large V2 DEXs on the BNB chain)

(Mechanism of Discretized Liquidity AMM Model)

The Discretized Liquidity AMM improves on the Concentrated Liquidity model pioneered by Uniswap V3, making liquidity positions in specific price ranges effective. With DLAMM, iZiSwap is now able to decompose these price ranges into discretized price ticks and locate them to exactly zero. As a result, traders on iZiSwap benefit from improved capital efficiency, zero slippage and lower trading fees, with liquidity guaranteed to be available at any desired price range.

As of May 18th, iZiSwap has successfully accumulated over $13M in Total Value Locked (TVL) and has generated over $500,000 in trading volume in less than two weeks since its soft start on May 7th. On several trading pairs of major assets such as BNB, BUSD and USDT, iZiSwap has outperformed its main peers on the BNB Chain in terms of depth of liquidity. iZiSwap has further conveyed the message that the innovative DLAMM model has significantly improved capital efficiency than other DEXs that have adopted the traditional xy=k V2 AMM model and offers another option for token exchanges on the BNB chain .

Bond Farming – A Paradigm Shift in Liquidity Mining

Investors gain more opportunities within the iZUMi ecosystem with the debut of iZUMi Bond USD, a bond raising funds for the iZUMi financial protocol to expand its product ecosystem. iUSD is pegged 1:1 to US Dollars and is 100% backed by iZUMi’s collateral and future earnings, with supply guaranteed never to exceed the total value of iZUMi’s treasury.

By guaranteeing the principal and interest paid to investors, Bond Farming has initiated a paradigm shift in liquidity reduction. The revenue generated by bond farming is first used to repay investors and then to reward market makers. For liquidity providers, bond farming reduces the risk of a temporary loss while generating a higher profit. For logs, bond farming inspires a cheaper solution to stimulus distribution, which is vital to surviving in a bear market. It is a win-win for both the liquidity providers and the protocols when they introduce bond farming on iZUMi.

solv protocol, EthSignand Cobo wallet iZUMi also joined in bond farming to add an extra layer of security and protection. The four-party alliance will work together to protect the assets raised.

“Liquidity is the catalyst for DeFi growth. With the launch of our discrete-liquidity AMM and iUSD, iZUMi Finance is removing the liquidity barriers and making DeFi more attractive and efficient for market participants,” said iZUMi co-founder Jimmy Yin in a statement.

Founded by Xinshu Dong, iZUMi Finance is the platform that provides programmable liquidity as a service for Uniswap V3 multichains. It proposes the LiquidBox liquidity mining platform that offers Uniswap V3 LP token staking rewards in different price ranges, which could improve the efficiency of incentive distribution for reward providers and increase the revenue of liquidity providers in Uniswap V3. In addition, iZUMi will extend the liquidity service to multi-chains with integrated DEX and bridges in the future.


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