One-stop liquidity-as-a-service (LaaS) DeFi protocol iZUMi Finance announced the completion of a $22 million round of financing. The investment will be used by iZUMi Finance to support the early liquidity of its decentralized exchange product iZiSwap on the zkSync Era network. iZiSwap is the first DEX with both centralized liquidity AMM and on-chain order book functions. This is the largest financing news among the online projects in the zkSync Era ecology so far.
iZUMi Finance adopted an innovative fundraising method in this round of financing. in strategic partnersSolv ProtocolWith the support of iZUMi, the latest paradigm protocol through Solv ProtocolSolv V3Issued the "iZUMi zk-Fund" fund series products. This round of fundraising was supported by funds and individual investors including Unicode Digital Ltd., NextGen Digital Venture, Bella Protocol, Incuba Alpha, etc. A total of 22 million US dollars worth of ETH, stETH, USDC, USDT and other mainstream digital currency assets were raised .
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About iZiSwap Pro
iZiSwap Pro is an order book DEX (decentralized exchange) product on the iZUMi Finance chain. It adopts iZUMi's innovative discrete liquidity AMM (DL-AMM) model, which is completely based on the chain and achieves 100% decentralization. The advantages of iZiSwap Pro include,
The point-to-pool AMM design greatly reduces the transaction cost of the order book on the chain
Decentralized limit orders with zero slippage, protected from MEV attacks
100% on-chain security and composability, no custody risk for user funds
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iZiSwap Pro launched on zkSync Era network
iZUMi Finance will use this round of financing to support the early liquidity of iZiSwap Pro on the zkSync Era network. zkSync Era is an Ethereum Layer 2 solution based on zero-knowledge proofs.
In 2022, the crypto industry has witnessed the fragility and opacity of centralized cryptocurrency institutions and services. The crypto industry is urging transparent, decentralized, trustless solutions to replace centralized giants. As a pioneer in the DeFi space, iZUMi Finance embraces decentralization and believes in the great potential of blockchain technology, which will bring universally accessible financial services not only to current cryptocurrency users, but to a larger real-world audience.
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Historical credit records of iZUMi fund product issuance
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About iZUMi Finance
iZUMi Finance is a multi-chain DeFi protocol that provides one-stop Liquidity as a Service (LaaS). Its philosophy is that every token should have access to better on-chain liquidity in an efficient and durable manner.
iZUMi is deployed on multiple blockchains, including Ethereum, BNB Chain, Arbitrum, and zkSync Era∎. iZUMi has provided liquidity services for BITDAO and more than 20 other well-known Web3 protocols, and manages liquidity with a total value of more than US$80 million from multiple well-known institutions and more than 9,000 individual investor LPs.
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About Solv V3
Solv V3 is a fund issuance and trading platform that helps market makers create and issue on-chain fund products to obtain liquidity, and supports various DeFi trading strategies.
Solv V3's liquidity infrastructure based on DeFi and zero-trust architecture makes issuing funds as easy as creating NFTs. Funds can complete fund issuance and investment within one minute, and establish their own credit records on the chain.
