Izumi Finance, a liquidity providing protocol on Uniswap V3, has successfully secured funds from several notable Defi and Crypto investors.
Mirana Ventures led the round, with additional contributions from Everest Ventures Group, Youbi Capital, Adaptive Lab, and others. The capital injection will allow Izumi Finance to continue its work addressing pain points with Uniswap V3’s concentrated liquidity pools.
Izumi Finance’s Key Mechanism
Izumi’s key mechanism is its ability to provide non-homogeneous liquidity incentives, allowing projects to fine-tune rewards for optimal outcomes. Due to the complex nature of its special NFT-based positions, Uniswap V3 has failed to attract many high-quality liquidity mining schemes. However, the Izumi project not only solves this problem but also creates a better incentive structure than Uniswap V2 liquidity pools.
The Potential of Financial NFTs
Izumi Finance founder Jimmy Yin said, “We are excited to build Uniswap V3 LP Staking protocols to provide non-homogenous incentives in different price ranges. This will improve the efficiency of incentive distribution for reward providers and enhance the earnings of liquidity providers as well,”
Adding, “With Izumi, Uniswap V3 will become strong competitors with Curve in the stablecoin trading market and attract more potential projects who previously planned to launch farming pools in SushiSwap. We are going to unleash the potential of financial NFTs in Uniswap V3 and extend service to the multi-chain world in the future.”
For more market insights, follow Elliott on Twitter.