One-stop liquidity-as-a-service DeFi protocol iZUMi Finance has announced the completion of a $22 million financing round. iZUMi Finance raised the funds through a series of products known as iZUMi zk-Fund, which were issued through Solv Protocol's latest paradigm protocol, Solv V3, in collaboration with strategic partner Solv Protocol. The financing round received support from funds and individual investors including Unicode Digital, NextGen Digital Venture, Bella Protocol, Incuba Alpha, and others, raising a total of $22 million worth of mainstream digital currency assets such as ETH, stETH, USDC, and USDT.
iZUMi Finance will use the funds to support iZiSwap Pro in the zkSync Era network's early liquidity provision. iZiSwap Pro is iZUMi Finance's on-chain order book DEX product, which uses iZUMi's innovative Discrete Liquidity-Adjusted Automated Market Maker (DL-AMM) model, completely on-chain, achieving 100% decentralization.