Duet Protocol and iZumi Finance Partner for Improved DeFi Experience

In what could be termed as an important development for decentralized finance (DeFi), a partnership has been struck between Duet Protocol and iZumi finance. Both of these projects have been conceptualized with the objective of enhancing the convenience of the users in the DeFi space. Specifically, on the aspect of yield enhancement, this collaboration is going to offer tremendous progress while bringing more benefits to the ecosystem of the multi-chain metaverse, among others. 

Duet Protocol has envisioned its role of becoming a liquidity provider in the long-term business prospects even as it emerges as one of the important players on the dimensions of security pool aggregator and market maker, among others. The organization’s ultimate aim is to provide liquidity and come up with a system that will help all the protocols working in the domain of DeFi. 

iZumi Finance, on the other hand, is the very first protocol that has got the support for the non-homogeneous liquidity mining feature of Uniswap. It also offers Liquidity as a Service which has been designed in a completely innovative manner and can be utilized for the non-stable tokens. These models provide help and support to any blockchain project by helping them to come up with their equity incentive plan, which is far better conceived and implemented than the original ones. 

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Uniswap is a decentralized cryptocurrency exchange that uses a network protocol. The name of the company that created the Uniswap protocol is also Uniswap. Through the use of smart contracts, the protocol allows for automatic transactions between cryptocurrency tokens on the Ethereum blockchain. Uniswap was expected to be the largest decentralized exchange as of October 2020. Izumi Finance is a liquidity as a service (LaaS) platform that includes Uniswap V3 and a built-in multi-chain dex. LiquidBox provides novel liquidity mining protocols that assist protocols in attracting liquidity by distributing incentives within certain price ranges.

Trevor Holman

Trevor Holman follows crypto industry since 2011. He joined CryptoNewsZ as a news writer and he provides technical analysis pieces and current market data. He is also an avid trader. In his free time, he loves to explore unexplored places.

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