[PRESS RELEASE – Singapore, Singapore, 10th November 2021]
Singapore, November 10, 2021 — izumi Finance has raised $2.1M from a variety of crypto and DeFi investors. The protocol provides liquidity as a service via Uniswap V3.
Mirana Ventures led the round, with Everest Ventures Group and LucidBlue Ventures, Puzzle Ventures and WolfEdge supporting WolfEdge in its fundraising efforts.
The izumi protocol aims at simultaneously solving a problem with Uniswap V3’s concentrated liquidity pools and innovating liquidity mining strategies over traditional Uniswap V2-style pools. The key to izumi’s success is the ability to offer non-homogenous liquidity incentives that are applied to certain price ranges in a UniswapV3 pool. This allows projects to fine-tune their rewards for better outcomes. izumi, for example, solves the “Pool2 problem”, which is the excessive dilution a token suffers from when it is used to bootstrap its liquidity.
Using izumi to specify only the price ranges at which incentives will be delivered allows projects to use UniswapV3 for their farming incentives. This ensures that they don’t overpay for liquidity. If users can offer liquidity that is the same price as Uni V3, they will be able to earn the highest liquidity mining rewards. This will ensure that projects have more liquidity and a higher capital efficiency when they launch the liquidity mining program on Izumi.
Uniswap V3 was launched in 2009. It has attracted very few liquidity mining schemes of high quality, mainly due to its unique NFT-based positions. This market need is addressed by the izumi project. It takes full advantage of Uniswap V3’s flexibility to create better incentive structures than traditional Uniswap V2 pool pools.
“We are thrilled to create Uniswap V3 LP Staking protocol to provide non-homogenous incentive in different price ranges. Jimmy Yin, Founder and CEO of izumi Financing, stated that this will increase the efficiency of reward distribution for reward providers and improve the earnings of liquidity providers as a whole.” “With izumi Uniswap V3 can compete with Curve in stablecoin trading and attract more potential projects that had previously planned to open farming pools in SushiSwap. We will unleash the financial NFT potential in Uniswap V3 as well as extend our service to the multi-chain market in the future.
Uniswap V3 liquidity platform izumi Finance provides concentrated liquidity services for multi-chain ecosystems. It proposes non-homogenous liquidity mining protocols to offer Uniswap LP token staking rewards in different price ranges. This could increase the efficiency of reward distribution and improve the earnings of liquidity providers in Uniswap. izumi also established a CAMM bridge to connect Uniswap V3 to other chains and provide concentrated liquidity services to more users.
Marla Brooks – Financial Analysis
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