This article is a speech given by Jimmy Yin, co-founder of iZUMi Finance, at the Denver event on March 3. It is compiled and organized as follows.
First, let's review the DEX field in 2022 that has just passed, and the theoretical basis behind the concept of iZiSwap Pro.
In 2022, we have witnessed the collapse of centralized institutions such as CeFi and CEX.
Centralized financial institutions in Web3 run counter to the "decentralized" spirit of blockchain technology. Its opacity encourages fund misappropriation, data falsification, price manipulation and other behaviors, significantly increasing the systemic risk of the industry.
At the same time, we have also witnessed the evolution of the ecology on the chain.
The bull market in 2021 will undoubtedly bring massive user traffic to the on-chain ecology. There are more asset types and on-chain activities that need to be used in on-chain transaction scenarios. The vigorous development of on-chain applications such as GameFi and NFT has also brought more demand for on-chain user transactions. At the same time, innovations in the underlying technology provide cheaper gas costs and faster speeds.
In a thriving on-chain ecosystem, we predict that the number of active users of DEXs will continue to grow.
Another important advancement we observe in 2022 is that capital efficiency and innovation are quietly developing.
Innovations in the underlying technology provide cheaper gas costs and faster speeds. AMMs are improving their own capital efficiency to counter the market dominance of CEXs.
With the valuable experience in 2022, we firmly believe that there are many opportunities in the next round of market conditions in the DEX field,
New narratives appear instead of liquidity mining, exclusive features + high APR + low usage threshold will open up a larger retail market
DEX becomes the first stop for new assets on the chain. DEX with excellent operation and service will erode the market share of long-tail assets in CEX
DEX provides a long-lasting business, earns a reasonable profit as a long-lasting business (SaaS business model)
So, what is our solution to the current market pain points? And in what ways will we prepare for the next inflection point in evolution?
iZUMi Finance proposes the first AMM-powered on-chain order book DEX, called iZiSwap Pro.
iZiSwap Pro introduces an order book-style user interface and interactive experience. It has the characteristics of a unified account, no gas fees, low transaction costs, and anti-censorship. More importantly, iZiSwap Pro uses a non-custodial mode, and the data is transparent and checkable on the chain. .
Compared with other AMM DEXs, iZiSwap Pro has no transaction slippage and is free from "sandwich attacks". Users can trade their tokens at precise prices through the limit order mode, and enjoy the same trading interface and experience as the order book exchange.
In addition, iZiSwap Pro also has its unique features,
On-Chain Identity (DID) and "Missile Airdrops" (Precise Airdrops)
AA (user abstraction), transactions do not consume gas
Multiple trading modes such as spot/margin/options share liquidity
Liquidity mining to prevent impermanent losses
The user experience of iZiSwap Pro is similar to CEX in terms of trading interface, UI design and liquidity efficiency, but without any human intervention and operation.
In our ecology and philosophy, all DEX participants will share and benefit from the same liquidity pool,
For projects, iZiSwap Pro provides free listing and automatic market making
For traders, iZiSwap Pro provides the same limit order and order book trading experience as CEX
For liquidity providers, iZiSwap Pro adopts a non-custodial model, no cross-chain bridge risk, and 100% fund security
For market makers, iZiSwap Pro allows them to enjoy centralized liquidity and ultra-high capital efficiency, earning them more handling fees
Therefore, iZiSwap Pro has built a complete and prosperous on-chain order book ecosystem,Bring in and retain new users. All participants will benefit from it, including smart contract wallets, other partner agreements, and decentralized applications.
Through all user-centric innovative designs, we hope that users of the high-performance public chain will be able to enjoy the benefits of our forward-looking infrastructure.
