Educational: iZUMi Finance 101
Turkish: https://izumi-finance.medium.com/turkish-educational-izumi-finance-101-aaf7caedf082
Vietnamese: https://izumi-finance.medium.com/vietnamese-educational-izumi-finance-101-e3521447911e
Introduction
Being Kucoin’s first listed project from the zkSync ecosystem, iZUMi Finance is a DeFi protocol providing one-stop Liquidity as a Service (LaaS). The listing of $iZi represents Kucoin’s deep cultivation and expectation of the zkSync Era ecosystem.
iZUMi Finance is dedicated to building a top DEX and providing liquidity service on ZK-rollups and multi-chains. Currently, iZUMi Finance offers two products, iZiSwap and LiquidBox.
- iZiSwap is the first fully on-chain Order Book DEX presented by iZUMi Finance on the zkSync Era network. Embedded with iZUMi’s original Discretized Liquidity AMM (DL-AMM) model, iZiSwap provides its users with an order book CEX-like UI while maintaining 100% on-chain composability and self-custody as a DEX.
- LiquidBox is a programmable mining protocol that has raised and managed over $100M for concentrated liquidity DEXes and protocols, providing sustainable high APR with less impermanent loss.
About iZiSwap
We are strong believers who believe that on-chain solutions and decentralized exchanges will eventually cater all user experiences while achieving features including non-custodial, safe, and transparency.
iZiSwap is a groundbreaking Decentralized Exchange that integrates the friendly user experience of CEX and the security of DEX. Its advantages are:
1. Peer-to-pool and AMM designs, greatly reduce the transaction cost for on-chain order book
iZiSwap designs a peer-to-pool model through which users will directly trade with the liquidity pool instead of trading with individual orders. It avoids the problem of order sorting and matching, and greatly reduces the computational cost on the blockchain, making on-chain order book transactions gas-efficient.
iZiSwap also provides an AMM tool for market makers, who can provide liquidity in any price range and place a bundle of orders in one transaction. iZiSwap helps market makers reduce the gas cost caused by frequent placing and canceling of orders.
2. Zero-slippage, and no more MEV attack with decentralized limit orders
Unlike swap orders in traditional AMM, trading with limit orders has the advantages of no slippage and no risk of MEV attacks. Transactions are 100% transparent on-chain, and there are no trust issues of “black boxes” compared with other off-chain limit orders.
3. 100% on-chain safety and composability. Users’ funds have no custody risk
Like other AMM DEXs, iZiSwap is non-custodial and fully on-chain. There is no risk of losing your fund to the bridge or platform. And liquidity could be easily integrated into aggregators and traded within one transaction without deposit-withdraw.
Using the NFT as a proof-of-liquidity, the liquidity providers can participate in staking, lending, and other scenarios, to further improve the efficiency of users’ funds on-chain.
4. User-friendly interface for on-chain traders
The front-end UI design of iZiSwap tries to replicate the experience of CEX trading, including watchlists, price charts, order management, etc. We eliminate the troubles for users to trade that as before, users will have to switch between various DEX websites and tools to find their desirable prices to trade with. It is also more convenient for personal asset management, while greatly improving the trading user experience, maintaining the key characteristics of DEXes such as noncustodial and censorship resistance.
iZiSwap’s Launch on zkSync Era∎
2022 has proven the fragility and opacity of centralized cryptocurrency institutions and services. The crypto industry urged for a transparent, decentralized, trustless solution to replace the too-big-to-fail centralized giants. As a pioneer in the DeFi sector, iZUMi Finance embraces decentralization and believes in the huge potential in blockchain technology which will bring universal accessibility to financial services to not only the current crypto users, but a much larger IRL audience.
With the support of Matter Labs and zkSync, iZiSwap enhances the ability in processing more transactions, fully releasing the potential of DL-AMM for being hyper efficient in dealing with on-chain asset trading. The level of asset security and transaction transparency will be further lifted. It’s also an important step in our business map to support the liquidity of more assets, and bring accessible and cost-friendly service to more users.
About LiquidBox
LiquidBox provides three different models of liquidity mining. Protocols of different capital sizes can choose to manage their liquidity in one of these three ways.
- Fix Range: best serves stablecoins and pegged assets. Projects can only provide liquidity mining rewards for a narrowed price range to increase the price stability. It could also serve large-volume projects to provide liquidity incentives for a broad price range, taking full advantage of the high capital efficiency from DL-AMM without worrying about Impermanent Loss increasing from normal market price volatility.
- Dynamic: serves large-volume protocols with volatile assets. It will provide incentives for LP providing liquidity around current market price, which can help the projects to increase on-chain liquidity depth and also provide additional rewards for liquidity providers and compensate for Impermanent Loss.
- One Side: is more suitable for emerging assets. It provides one-sided Impermanent Loss protection and down-sided liquidity depth enhancement. This will both benefit LP and the protocols for emerging assets.
The ultimate goal for iZUMi Finance is to help every partner and token to enjoy on-chain liquidity like spring water, continuous and long-lasting for centuries.
Follow iZUMi Finance
Official Website: https://izumi.finance/home
Twitter: https://twitter.com/izumi_Finance
Discord: https://discord.gg/izumifinance
Telegram: https://t.me/izumifinance
Medium: https://izumi-finance.medium.com/
Github: https://github.com/IzumiFinance/
Docs: https://docs.izumi.finance/
