- iZUMi Finance is a one-stop-shop liquidity-as-a-service (LaaS) DeFi protocol.
- The funds will assist the early liquidity of its decentralized on-chain orderbook change product, iZiSwap Professional.
- iZiSwap Professional DEX is constructed on the zkSync Period community.
iZUMi Finance has efficiently accomplished a $22 million funding spherical to assist early liquidity for its on-chain order e-book decentralized change (DEX) product, iZiSwap Professional on the zkSync Period community.
A number of heavyweights together with Unicode Digital, NextGen Digital Enterprise, Bella Protocol, Incuba Alpha and different particular person buyers participated within the funding spherical, which is the most important funding spherical within the historical past of the zkSync Period ecosystem.
iZUMi Finance and Solv Protocol partnership
A technique or one other, the success of the financing that simply closed may be attributed to iZUMi Finance’s strategic partnership with Solv Protocol.
By means of this partnership, iZUMi was capable of take an revolutionary fundraising strategy by releasing “iZUMi zk-Fund” by way of Solv V3, the most recent Solv protocol paradigm protocol.
The “iZUMi zk-Fund” is a sort of digital asset referred to as a semi-fungible token (SFT), based mostly on Solv’s authentic ERC-3525 token normal. When buyers purchase the fund, they obtain an SFT of their pockets, representing their share, making them restricted companions (LP).
SFTs have a canopy picture, like NFTs, and are calculable like ERC-20 tokens. Traders can observe real-time revenue and loss (PnL) and web asset worth (NAV) in a totally visualized dashboard. At maturity, LPs can redeem their SFTs to say their principal.
The iZUMi Finance iZiSwap Professional DEX
The iZiSwap Professional DEX is without doubt one of the famend merchandise of iZUMi Finance. It’s an AMM-based DEX order e-book that adopts iZUMi’s revolutionary Discrete Liquidity AMM (DL-AMM) mannequin.
The DEX has Peer-to-pool and AMM designs, which enormously scale back the transaction value for the on-chain order e-book. It additionally presents zero slippage which one way or the other prevents the MEV assault with decentralized restrict orders.
With funding secured by way of the just-ended funding spherical, iZUMi Finance will now launch the iZiSwap Professional DEX on zkSync Period, which is a zero-knowledge based mostly Ethereum Layer 2 answer. The funds will assist early liquidity for iZiSwap Professional on zkSync Period.
