Dear CoinEx users,
To provide you with more trading options, after rigorous reviews, CoinEx will list IZI and support deposit and withdrawal & Automated Market Making (AMM) on Apr 27, 2023 (UTC). And its trading pair IZI/USDT will be available on the same day.
IZI Services
1. Deposit: 03:00 Apr 27, 2023 (UTC)
2. Withdrawal: 03:00 Apr 27, 2023 (UTC)
3. Trading pair: IZI/USDT
4. Opening method: Call Auction
a. Call Auction
03:00-06:50 Apr 27, 2023 (UTC)
Orders can be placed and canceled
06:50-07:00 Apr 27, 2023 (UTC)
Orders can be placed but cannot be canceled
b. Trading
07:00 Apr 27, 2023 (UTC)
About IZI
iZUMi Finance is a multi-chain DeFi protocol providing One-Stop Liquidity as a Service (LaaS).
iZUMi has debuted LiquidBox, iZiSwap, and iUSD three on-chain liquidity products. LiquidBox provides Programmable Liquidity as a Service (LaaS) firstly on Ethereum with Uniswap V3. With the deployment of Uniswap V3 in other Ethereum Layer 2 ecosystems, LiquidBox was also successfully deployed on Arbitrum & Polygon. iZUMi Finance then launched iZiswap on BNB Chain with the innovative Discretized-Liquidity-AMM(DL-AMM) model, which was upgraded from Uniswap V3's concentrated liquidity model to implement an AMM mechanism that supports discrete liquidity on every price tick, providing DEX users with a CEX-like trading experience to place limit orders in a non-custodial orderbook way. iZUMi has also successfully issued iZUMi Bond USD (iUSD) and iZUMi Bond, and supported Bond Farming which brings stable fixed income to on-chain investors, providing a high yield level fixed income investment product for users and combining with the TradFi product model of convertible bonds to provide iZUMi Bond investors the Option which can convert to iZi token.
iZUMi will continue to expand the multi-chain ecology and eventually support cross-chain liquidity trading mechanisms, bring systematic liquidity service to the multi-chain ecosystem, and eventually become a one-stop liquidity service platform with super high capital efficiency in the DeFi industry.
What is Automated Market Making (AMM)?
Automated market making (AMM) can calculate the buying and selling price according to the formula, so as to provide a continuous quotation for the market. CoinEx combines AMM with the order book, which means the liquidity pool will be automatically converted into the order book. With the "constant product market maker formula" algorithm in AMM, no matter how large the order book is or how small the liquidity pool is, firm liquidity provision to the market can be guaranteed. Learn more
Fees and Profit
Market supporting automated market making is an AMM market. Compared with normal market, AMM market adopts an independent fees system. The fees for both marker and taker is 0.3%, for market makers is 0.15%. VIP will not enjoy any special fees, and using CET for fees deduction is unavailable. All users are qualified to apply for market makers, and 50% of the market's transaction fees will be rewarded to liquidity providers.
Characteristics of AMM
1. Bonus obtainable from automated market making
User’s provided liquidity will be injected into the pool for automated market making. 50% of the market's transaction fees will be rewarded to liquidity providers in terms of the corresponding pool proportion.
2. Daily bonus can be cumulatively withdrawn
The transaction fee bonus will be calculated once a day and automatically credited into the user's Market Making Account before 4:00 (UTC) the next day. The user can obtain all the accumulated fee bonus after removing liquidity.
3. Free access, no charge required
Assets between Spot Account and Market Making Account can be transferred in real-time by adding and removing liquidity. Each user in a single market can increase liquidity twice a day, and no fees will be charged during the operation.
Risk Warning
The assets in the Market Making Account will be injected Into the liquidity pool for automated market making. When the price fluctuates, there will be impermanent losses, and the amount of the two assets will change when the liquidity is removed. More details about impermanent losses
CoinEx Team
Apr 27, 2023