iZUMi Finance, a one-stop Liquidity-as-a-Service (LaaS) DeFi protocol, has secured a financing round of $22 million. Bella Protocol, Incuba Alpha, NextGen Digital Venture, Unicode Digital, and several private investors all participated in this round of funding.
The funding will be utilized to promote iZiSwap Pro, an on-chain Order Book DEX (Decentralized Exchange) offering, on the zkSync Era network’s early liquidity.
In this round of funding, iZUMi Finance has chosen a creative fundraising strategy. The latest paradigm protocol of Solv Protocol, Solv V3, was used by iZUMi to issue “iZUMi zk-Fund” with the assistance of their strategic partner Solv Protocol.
Unicode Digital, NextGen Digital Venture, Bella Protocol, Incuba Alpha, and other private investors are supporting this round of funding.
The funding will support iZiSwap Pro, a DEX (Decentralized Exchange) product that runs on the zkSync Era network, to achieve early liquidity.
In this financing round, iZUMi Finance has chosen a creative strategy for fundraising. iZUMi issued “iZUMi zk-Fund” via Solv V3, the most recent paradigm protocol of Solv Protocol, with the assistance of their strategic partner Solv Protocol.
“iZUMi zk-Fund” is an example of a semi-fungible token (SFT) based on the original ERC-3525 token standard created by Solv. Investors become Limited Partners (LPs) when they invest in the fund and receive a new SFT in their wallet representing their stake.
In a fully visible dashboard, investors can monitor real-time Profit and Loss (PnL) and Net Asset Value (NAV). These SFTs are computable like ERC-20 Tokens and have a cover image like NFTs. LPs may redeem their SFTs to obtain their principal after they mature.
One of iZUMi Finance’s most well-known products, iZiSwap Pro, is an AMM-driven Order Book DEX that uses the company’s ground-breaking Discretized Liquidity AMM (DL-AMM) methodology.
Deployed across several chains, including Ethereum, BNB Chain, Arbitrum, and now zkSync Era, iZUMi has managed over $80 million in liquidity from respected institutions and 9,000 individual LPs for BITDAO and more than 20 other well-known Web3 protocols.
iZUMi Finance aims to help every partner and token to enjoy on-chain liquidity
The year 2022 has demonstrated the centralized cryptocurrency industry’s instability and opaqueness. According to the crypto industry, the too-big-to-fail centralized titans were to be replaced by a transparent, decentralized, and trustless alternative.
As a leader in the DeFi space, iZUMi Finance welcomes decentralization. It has high hopes for blockchain technology to make financial services accessible to everyone, not just those who utilize cryptocurrencies now but also a much wider IRL audience.
With Matter Labs and zkSync’s assistance, iZiSwap improves its capacity for processing more transactions, revealing the full potential of DL-AMM to be incredibly effective when it comes to on-chain asset trading.
Transparency of transactions and asset security will both be increased. Supporting the liquidity of additional assets and providing accessible, affordable service to more consumers is a crucial step in our business plan.
In addition to creating the cutting-edge Discretized Liquidity AMM model for iZiSwap, iZUMi Finance is a top decentralized market-making organization. In the past, iZUMi has issued bonds on Solv totaling $12 million, all of which have been fully repaid, exhibiting an excellent track record of credit.
Before this, the team obtained debt financing totaling $30 million from illustrious institutions and investors like Cobo, Bybit, and Huobi. It was in charge of market-making for BitDAO’s Token $BIT.
A multi-chain DeFi protocol called iZUMi Finance offers Liquidity-as-a-Service (LaaS) at your fingertips. Its guiding principle is that every token merits improved on-chain liquidity in an effective and long-lasting manner.
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