Debt Financing: iZUMi × Solv Bond Voucher Offering #3
iZUMi Finance is holding third round of Bond Voucher sale through Solv Protocol valued at 2,500 WETH and 550,000 BIT.
On Thursday, May 19, 2022, iZUMi Finance is launching a new round of Bond Voucher sale valued at 2,500 WETH and 550,000 BIT to support the liquidity of the BIT/ETH pool on Uniswap V3.
Previously on May 8, BitDAO created their liquidity pool of BIT/ETH on Uniswap V3, with its liquidity service provided by iZUMi Finance. The two parties launched an incentive period that lasts for 2 months, rewarding liquidity providers with dual rewards of iZi/BIT tokens.
Details of IZI Bond Voucher IVO
- The funds raised will be stored in the multi-sig wallet co-managed by Solv, iZUMi, and Cobo. The wallet will then be used to add liquidity to the Uniswap V3 BIT-ETH pool vault on iZUMi. At maturity, the fund will also be claimed through this wallet to maintain the transparency for the use of the raised fund.
- iZUMi will collateralize 8 million USD worth of iUSD tokens.
- iZUMi will use the Treasury wallet to sign the Repayment Statement via EthSign. At maturity, iZUMi promises to repay the principal and the interest.
- iZUMi’s smart contract has been audited by Certik and Blocksec
iZUMi Finance is a multi-chain DeFi protocol providing one-stop Liquidity as a Service (LaaS). iZUMi has successfully attracted 8,000 liquidity providers and $36M TVL across Ethereum, Polygon and Arbitrum. Built by DeFi and CEX veterans from Binance, Bybit, Huobi and degen farmers, iZUMi has partnered with 8 projects and got supported by reputable investors like IOSG, Mirana, Hashkey and GSR.
Solv Protocol is a decentralized marketplace for minting, trading and managing NFTs that represent financial rights. Solv has offered Vesting Voucher, an allocation management fundraising tool, Convertible Voucher, a structured product allowing DAOs to leverage native tokens, and Bond Voucher, the first market-tested debt instrument in DeFi that helps DAOs tap into the debt capital markets.