What is iZUMi Finance?
iZUMi Finance is a multi-chain DeFi protocol that support Uniswap V3 liquidity mining and extends concentrated liquidity for multi-chains. It provides two innovative liquidity mining models.
The first of them is designed for stable assets with a fixed price, while the other is intended for non-stable tokens. The protocol offers help to any blockchain-based project in order to provide a smooth implementation of incentives with higher efficiency of the capital. At the same time, liquidity providers in exchange for their services can earn extra rewards. The main goal of the project is achieved with two products – LiquidBox and iZiSwap.
LiquidBox was designed with incentives in mind, as it helps to distribute them in defined price ranges. LiquidBox delivers liquidity providers the possibility of obtaining additional trading fees and rewards, guaranteed by related protocols. It also solves pool problems by introducing incentives and auto-rebased modules, which attract more low emission rate liquidity in a lasting and efficient way.
iZiSwap, on the other hand, is a cutting-edge discretized liquidity AMM that delivers on-chain liquidity for Web3 assets, as well as trading experience for DEX users. It claims to deliver 5000 times more capital efficiency than regular DEXs.
Use Cases of IZI Tokens
Izumi Finance token (IZI) is the platform’s utility token based on Ethereum. It is mainly used to incentivize liquidity pool set-up and usage of the platform’s other tools. It is also possible to stake IZI to acquire ve-iZi token – iZUMi Finance governance token.
You can check the current IZI price on the live iZUMi Finance price chart above.
Tokenomics of IZI
The total supply of IZI coins is 2 billion. These tokens were allocated as follows – 18% went to the team, 10% to partners, 55% to the ecosystem, 15% was distributed in the private round, and 1% each was delegated to airdrop and IDO/IEO.
If you want to do an iZUMi Finance price analysis, you can check the aforementioned IZI price chart.
Who Founded iZUMi Finance?
Not much is known about the team standing behind the creation of the iZUMi Finance crypto project. However, it is known that it was co-founded in 2020 by Dima Sharenko, who is a graduate of the National Aviation University in Ukraine. He gained experience in the blockchain world working in Binance and being an early community member of Pancakeswap.
