SINGAPORE / ACCESSWIRE / May 20, 2022 / iZUMi Finance, the innovative multi-chain DeFi protocol that provides Liquidity as a Service (LaaS) on multi-chains, announced the launch of their next-generation Decentralized Exchange (DEX) iZiSwap on BNB Chain, with a news of $30M investment raised aiming to expand its ecosystem.
Incorporated with the Discretized-Liquidity-AMM model that promises to reduce price slippage when swapping tokens, it comes alongside the debut of iZUMi's new, U.S. dollar-pegged, 100% collateral-backed bond iUSD.
iZUMi Raises $30M & Expands Ecosystem
Through the sale of Bond Vouchers and iUSD claims, iZUMi announced it has raised $30 million to support the early liquidity provision of iZiSwap's launch. Ivy Ventures, Cobo, Mirana and other institutional investors contributed $20 million towards the raise, including $11 million raised via Bond Voucher sale on Solv Protocol, to support the future development of the iZUMi ecosystem.
There was incredible demand from the community for iZUMi Bond Voucher, with $4 million BUSD worth of vouchers sold out in just 17 minutes during the raise, and an additional 5,000 BNB - equivalent to $2 million USD - selling out in just under three hours.
iZUMi Finance has held a new round of Bond Voucher sale to raise 2,500 WETH and 550,000 BIT to energize the liquidity providers of the BIT/ETH pool on Uniswap V3. Previously on May 8, BitDAO created their liquidity pool of BIT/ETH on Uniswap V3, with its liquidity service provided by iZUMi Finance. These two parties launched an incentive period that lasts for 2 months, rewarding liquidity providers with dual rewards of iZi/BIT tokens.
New Features in iZiSwap
The introduction of iZUMi's new Discretized-Liquidity-AMM will enable the rollout of a unique Limit Order feature in iZiSwap that guarantees traders no slippage and cheaper trading fees.
The Discretized-Liquidity-AMM improves on the Concentrated Liquidity model first deployed by Uniswap V3 that makes liquidity positions effective at certain price ranges. With DLAMM, iZiSwap is now able to cut these price ranges into discretized price ticks, pinpointing them to exactly zero. With this, traders on iZiSwap will benefit from enhanced capital efficiency, zero slippage and cheaper trading fees, with liquidity guaranteed to be available at any price range they demand.
(A Capital Efficiency Comparison between iZiSwap & Major V2 DEXs on BNB Chain)
(Mechanism of Discretized-Liquidity-AMM Model)
As of May 18, iZiSwap has successfully accumulated over $13M Total Value Locked (TVL) and generated over $500k trading volume in less than two weeks since its soft launch on May 7. On multiple trading pairs of major assets such as BNB, BUSD, and USDT, iZiSwap has exceeded its major competitors on BNB Chain in terms of liquidity depth. iZiSwap has further delivered the message that the innovative DLAMM model has significantly improved capital efficiency than other DEXs that adopted the traditional xy=k V2 AMM model, providing another option for swapping tokens on BNB Chain.
(https://analytic.izumi.finance/Dashboard)
Bond Farming - A Paradigm Shift in Liquidity Mining
Investors gain further opportunities within iZUMi's ecosystem with the debut of iZUMi Bond USD, a bond that raises funds for the iZUMi Finance protocol to grow its ecosystem of products. iUSD is pegged 1:1 with US Dollars and 100% backed by iZUMi's collaterals and future revenues, with the supply guaranteed to never exceed the total value of the iZUMi Treasury.
By guaranteeing the principals and interests paid to the investors, Bond Farming has set a paradigm shift in liquidity mining. The revenue generated by Bond Farming will first be used to repay the investors then reward market makers. For liquidity providers, Bond Farming lowers the risk of impermanent loss while giving a higher profit. For protocols, Bond Farming inspires a cheaper solution for distributing incentives, which is vital to the survival in a bear market. It's a win-win situation for both the liquidity providers and the protocols if they adopt Bond Farming on iZUMi.
Solv Protocol, EthSign, and Cobo Wallet also joined iZUMi in Bond Farming to add an extra layer of security and protection. The four-party alliance will work together to safeguard the raised assets.
"Liquidity is the catalyst for growth in DeFi. With the launch of our Discretized-Liquidity AMM and iUSD, iZUMi Finance is eliminating the barriers to liquidity and making DeFi more attractive and efficient for market participants," iZUMi Co-Founder Jimmy Yin said in a statement.
About iZUMi Finance
iZUMi Finance is a multi-chain DeFi protocol providing One-Stop Liquidity as a Service (LaaS). Its philosophy is that every token deserves a better on-chain liquidity in an efficient and lasting way. Deployed on Ethereum, BNB Chain, Polygon, and Arbitrum, iZUMi has provided liquidity services for BitDAO and 10+ protocols, and managed over $60M liquidity from reputable institutions and 8,000 individual LPs. The ultimate goal for iZUMi Finance is to help every partner and token to enjoy on-chain liquidity like spring water, continuous and long-lasting for centuries, like their name in Japanese signifies.
Dan Edelstein
[email protected]
SOURCE: iZUMi Finance