iUSD, in its full name, iZUMi Bond USD, is 100% backed by iZUMi’s collaterals and revenues. iUSD is 1:1 pegged to USD, issued by iZUMi Finance, and sold to private investors as a bond to raise funds for the future development of iZUMi’s ecosystem.
How to buy & sell iUSD
If you are retail investors
You could swap(Buy&Sell) iUSD via DEXs (Uniswap V3 & iZiSwap)
If you are institutional investors
You could reach out to iZUMi’s team via email ([email protected]) and participate in a private sale that requires a minimum of $1M placement.
Use cases for iUSD
Users could use iUSD in two ways: stake to earn/trade with incentives
Stake to Earn: Users could stake or farm iUSD for an APR of 6%-20% and the interests are coming from the trading fees collected by iZiSwap, providing a stable income product for retail users. (Coming soon)
Trade with Incentives: To increase the liquidity of iUSD, iZiSwap will incentivize iUSD-related trading pairs, including farming incentives and trading fee cashback.
Value support for iUSD
Every week iZiSwap’s 25% revenue will be sent to iZUMi Treasury and used to buy back iUSD in the secondary market until the price of iUSD gets above 0.996 USDT. If it lasts for 4 consecutive weeks that the price of iUSD gets below 0.996 USDT, iZUMi is committed to using the treasury fund to buy back and burn iUSD within the next week. The supply of iUSD will never exceed the total value of iZUMi Treasury to guarantee safety and transparency.
iZUMi Bond Farming’s security is fully backed by Cobo Safe. Cobo Safe is DaaS (DeFi-as-a-Service) in the smart contract-based environment, powered by Gnosis Safe.
It solves the limitations of existing multi-signature wallets by letting teams collaborate in accessing DeFi protocols without sacrificing efficiency for security. The focus is on role delegation and risk management through limiting operators’ access to protocols, actions and even controlling the parameters to granular trading pairs and limits. This risk-mitigated team collaboration supports custom workflows and creates a more efficient multi-signature access to DeFi where asset owners can give pre-defined operational controls to their team in a trust-less environment.