iZUMi Finance secures $30M from investors to expand its ecosystem

2022-5-21 18:15

iZUMi Finance, a DeFi platform that provides for on-chain liquidity to multiple chains via its Liquidity as a Service (LaaS) protocol, has secured $30 million in funding to help expand its ecosystem.

The DeFi protocol raised $20 million from Ivy Ventures, Cobo, Mirana among other institutional investors, with $11 million secured through a Bond Voucher sale on the Solv Protocol.

The total $30 million financing will be used to support development on the iZUMi platform.

iZiSwap DEX launched

The protocol has also debuted its next-gen decentralized exchange (DEX) dubbed iZiSwap. According to a press release shared with Invezz on Friday, the new DEX is built on the BNB Chain.

iZiSwap features a Discretized-Liquidity-AMM that allows for unique Limit Orders, with traders benefiting from cheaper trading fees and zero slippage. Users will access liquidity, whatever the price range.

Jimmy Yin, the co-founder of iZUMi said that the platform’s new features will help eliminate barriers to liquidity, with more participants finding it easy to tap into the market’s potential.

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.

Bond Farming

Apart from the DEX, iZUMi Finance has introduced a new US dollar-pegged bond called iUSD. The bond is 100% collateral-backed, including by future revenues, the platform noted in its announcement.

Users can leverage the new opportunity to access rewards via Bond Farming, with the risk of impermanent loss significantly lowered.

The post iZUMi Finance secures $30M from investors to expand its ecosystem appeared first on Invezz.

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