izumi Finance Raises $2.1M to Innovate Liquidity Mining with Uniswap V3 LP Tokens

[PRESS RELEASE – Singapore, Singapore, 10th November 2021] Singapore, November 10th, 2021 — izumi Finance, a protocol providing liquidity as a service on Uniswap V3, has raised a total of $2.1M from a number of DeFi and crypto investors.
The round was led by Mirana Ventures, with Everest Ventures Group, Youbi Capital, LucidBlue Ventures, Puzzle Ventures, WolfEdge, ICG, Adaptive Lab, Nothing Research, and Tess Ventures backing the startup in its fundraising efforts.
The izumi protocol aims to simultaneously solve a pain point introduced with Uniswap V3 and its concentrated liquidity pools, while further innovating liquidity mining initiatives over classical Uniswap V2-style pools. The key mechanism behind izumi is the ability to provide non-homogenous liquidity incentives applied to specific price ranges of a Uniswap V3 pool. This allows projects to effectively fine-tune their rewards to reach better outcomes. For example, izumi solves the so-called “Pool2 dilemma,” or the exces

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