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izumi Finance To Deploy on Polygon To Support Uniswap V3 Liquidity Mining -Breaking

by Mike Robinson

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izumi Financing To Deploy On Polygon To Support Uniswap V3 Liquidity Mining
  • On January 17, 2010, at 10:05 (UTC-5), Izumi will be activated on the Polygon scaling network.
  • Users can switch to Polygon from the network selector to use izumi’s LiquidBox there.
  • izumi’s LiquidBox will launch USDT/USDC Pool (NASDAQ:) on Polygon with Yin Finance.

izumi Finance will be deploying on the Polygon scaling networks on January 17th, 10am (UTC-5) in support of V3 Liquidity Mining. To enjoy the low-gas environment of the Polygon chain, users can switch to Polygon from the network selector to utilize izumi’s LiquidBox there.

In detail, izumi’s LiquidBox will launch a new joint liquidity Mining program USDT/USDC Pool on Polygon with Yin Finance on Jan 17th at 10pm (UTC-5). The farming rewards will be $iZi+$YIN+ transaction fee and a total of 720,000 iZi & 90,000 Yin will be provided for the pool. Users will be required to deposit liquidity in order to receive additional rewards.

LiquidBox can solve many problems, including the higher impermanent loss of investors in UniSwap V3-mining. There are also issues that can be caused by the UniSwap V2 layout. This ensures investors get a higher return on their investment and allows projects to pull liquidity from token rewards.

Izumi’s team says it will continue to launch more pools such as iZi/WETH as well as joint liquidity mining program pools. It also intends to use layer-2 and publicly accessible blockchains in order to allow multi-chain (Programmable liquidity as a service) for all blockchain projects.

Significantly, izumi Finance is the first protocol to support Uniswap V3’s non-homogenous liquidity mining and extend concentrated liquidity service for multi chains. With innovatively designed liquidity mining modules of “ the Concentrated liquidity mining” model for stable assets with a fixed price and the “One-sided non-impermanent loss Mining” model for non-stable tokens, izumi provides “Liquidity as a Service” (LaaS) based on Uniswap V3.

izumi’s structured models would support any blockchain project to better implement liquidity incentives with much higher capital efficiency and enable liquidity providers to earn extra rewards.

BoringDAO will allow cross-chain ERC–Polygon transfers of the IZi token on Jan 17, 2017 at 7 PM UTC -5. More so, individuals new to izumi LiquidBox’s fixed-range and one-sided liquidity Mining can refer to here for detailed information.

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