iZUMi LiquidBox on Arbitrum Hits $16M TVL Over the Last 24 Hours

Source : coinquora.com

DeFi News

  • iZUMi LiquidBox on the Arbitrum layer2 network has reached $16 million total value locked (TVL) over the last 24 hours.
  • LiquidBox was deployed on the Arbitrum layer not long ago.
  • This growth is expected to invite even more growth as LiquidBox’s popularity will entice users to deposit more assets to be borrowed.

iZUMi LiquidBox on the Arbitrum layer2 network has reached $16 million total value locked (TVL) over the last day, iZUMi Finance announced. This development comes after the liquidity mining scheme was launched on the Ethereum network earlier this week.

iZUMi Finance shared the news to its community of over 50.7 thousand followers on Twitter.

This means that crypto investors are valuing the project’s native token and swaps will be more efficient. This would also result in lending markets effectively supplying liquidity to borrowers. This is a result of lending efficiently supplying liquidity to borrowers. LiquidBox’s popularity also points to the protocol’s usability for clients.

Notably, this growth is expected to invite even more growth as LiquidBox’s popularity will entice users to deposit more assets to be borrowed. At the same time, more users will be given incentives which will be deposited for more yields.

It could be remembered that LiquidBox was launched as a UniSwap V3 NFT LP token-based mining scheme that can set the value range of any incentivized LP (liquidity pool) tokens. If within range, a liquidity mining token in IZI and YIN will be rewarded to the liquidity provider based on the incentive program.

LiquidBox was deployed on Arbitrum to support the layer protocol’s Uniswap V3 Liquidity Mining. This is where liquidity providers can “earn up to 900 [percent]” while enjoying Arbitrum’s low gas fee.

At press time, LiquidBox has an annual percentage rate (APR) of 8.71 to 17.27 percent and a reward range of 0.995 to 1.005 USDC/USDT.

Disclaimer: The views and opinions expressed in this article are solely the author’s and do not necessarily reflect the views of CoinQuora. No information in this article should be interpreted as investment advice. CoinQuora encourages all users to do their own research before investing in cryptocurrencies.

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