• iZUMi Finance, a Liqudity-as-a-Service (LaaS) DeFi protocol, has closed a $22M funding round to support the early liquidity of its on-chain Order Book decentralized exchange product, iZiSwap Pro.
• The funds were raised through the issuance of “iZUMi zk-Fund” via Solv Protocol’s V3 token standard.
• The iZiSwap Pro DEX is an AMM-driven Order Book DEX that adopts iZUMi’s innovative Discretized Liquidity AMM (DL-AMM) model.
iZUMi Finance is a one-stop Liquidity-as-a-Service (LaaS) DeFi protocol that has recently completed a $22M funding round to support the early liquidity of its on-chain Order Book decentralized exchange (DEX) product, iZiSwap Pro.
Strategic Partnership with Solv Protocol
The successful completion of the financing can be attributed to iZUMi Finance’s strategic partnership with Solv Protocol. Through this partnership, it issued issued “iZUMi zk-Fund” via Solv V3, the latest paradigm protocol of Solv Protocol. These SFTs represent investors‘ shares and allow them to track real time Profit and Loss (PnL) and Net Asset Value (NAV). Upon maturity, LPs can redeem their SFTs to claim their principal amount.
The iZiSwap Pro DEX
The iZUMI Finance’s flagship product is the order book decentralized exchange called iZIswap Pro DEX built on zkSync Era network. It adopts an innovative Discretized Liquidity AMM (DL-AMM) model which reduces transaction costs for its users by offering zero slippage which in turn prevents MEV attack with decentralized limit orders.
Several heavyweights including Unicode Digital, NextGen Digital Venture, Bella Protocol, Incuba Alpha and other individual investors participated in this historic funding round for the zkSync Era ecosystem.
This $22 million funding will help boost liquidity for the products offered by iZUMI finance as well as provide long term financial stability for investors participating in this groundbreaking fundraising approach from solv protocol . This will further enhance the user experience on DEXs such as IZIswap pro by providing safe transactions at low cost.