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Incorporated with the Discretized-Liquidity-AMM model, it comes alongside the debut of iZUMi's new, U.S. dollar-pegged, 100% collateral-backed bond iUSD.
iZUMi Raises $30M & Expands Ecosystem
Through the sale of Bond Vouchers and iUSD claims, iZUMi announced it has raised $30 million to support the early liquidity provision of iZiSwap's launch. Ivy Ventures, Cobo, Mirana and other institutional investors contributed $20 million towards the raise.
There was demand from the community for iZUMi Bond Voucher, with $4 million BUSD worth of vouchers sold out in just 17 minutes during the raise, and an additional 5,000 BNB - equivalent to $2 million USD - selling out in just under three hours.
iZUMi Finance has held a new round of Bond Voucher sale to raise 2,500 WETH and 550,000 BIT to energize the liquidity providers of the BIT/ETH pool on Uniswap V3. Previously on May 8, BitDAO created their liquidity pool of BIT/ETH on Uniswap V3, with its liquidity service provided by iZUMi Finance.
New Features in iZiSwap
The introduction of iZUMi's new Discretized-Liquidity-AMM will enable the rollout of a unique Limit Order feature in iZiSwap and cheaper trading fees.
The Discretized-Liquidity-AMM improves on the Concentrated Liquidity model that makes liquidity positions effective at certain price ranges. With DLAMM, iZiSwap is now able to cut...
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