iZUMi Finance is proud to announce its collaboration with zkSync, a zero-knowledge-based Layer 2 solution to the Ethereum network. iZiSwap Pro now integrates with zkSync 2.0 testnet and is ready to provide a hyper capital-efficient order book DEX which allows users place limit orders with no slippage, driven by iZUMi’s original Discretized-Liquidity AMM model.
Why do we collaborate with zkSync?
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 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.
zKSync is a Layer 2 scaling solution on Ethereum that offers low gas and fast transactions, without compromising on security.
zkSync is a ZK rollup, a trustless protocol that uses cryptographic validity proofs to provide scalable and low-cost transactions on Ethereum. In zkSync, computation is performed off-chain and most data is stored off-chain as well. As all transactions are proven on the Ethereum mainchain, users enjoy the same security level as in Ethereum.
zkSync 2.0 is made to look and feel like Ethereum, but with lower fees. Just like on Ethereum, smart contracts are written in Solidity/Vyper and can be called using the same clients as the other EVM-compatible chains.
The current version of zkSync 2.0 solves the needs of most applications on Ethereum, and with more features planned for release soon, zkSync 2.0 will provide developers with a design space to experiment with applications not possible on Ethereum today.
About iZUMi Finance
iZUMi Finance is a multi-chain DeFi protocol providing One-Stop Liquidity as a Service (LaaS). Its philosophy is that every token deserves a better on-chain liquidity in an efficient and lasting way. iZUMi has provided liquidity services for BitDAO, Ankr, Woo, Zebec, and other 10+ protocols, and managed over $80M liquidity from reputable institutions and 9,000 individual LPs.
iZiSwap Pro is an AMM-driven, hyper capital-efficient order book style Decentralized Exchange that integrates the friendly user experience of CEX and the security of DEX.
Follow iZUMi Finance: http://link3.to/izumifinance