iZUMi Launches Innovative DEX Vibrant Finance on Neon EVM

Neon EVM’s parallel processing architecture renders DeFi power for iZumi’s latest DL-AMM-modeled decentralized exchange!

 

We are happy to announce that iZUMi has deployed its latest DEX Vibrant Finance on Neon EVM. Vibrant Finance is an advanced DL-AMM DEX that utilizes a novel liquidity algorithm for efficient and fast swaps, ensuring better capital efficiency and optimized yields.

 

This deployment on Neon EVM enables Vibrant Finance to capitalize on Solana's low-cost transactions and high-speed functionalities to optimize the DeFi experience while maintaining compatibility with the Ethereum ecosystem. As the first parallelized Ethereum Virtual Machine (EVM) built on the Solana blockchain, Neon EVM presents a transformative approach to parallel transaction execution, ushering in blockchain infrastructure, efficiency, and scalability for those building and deploying on our ecosystem.

 

At the core of this deployment lies a shared vision to innovate and bring best-in-class technology and offerings within the DeFi ecosystem, combining Ethereum's established DeFi framework with Solana's performance benefits through Neon EVM.

 

Jimmy Yin, CEO of Vibrant Finance says, “We are delighted to collaborate with Neon EVM, as they facilitate the integration of Solana with the EVM ecosystem, a direction we firmly believe in for the future. Developers can leverage Ethereum's rich ecosystem, while users also benefit from Solana's robust liquidity and high-speed, low-cost transactions. Together with Neon EVM, we aim to make liquidity more efficient and foster cooperation between ecosystems.”

 

What does the Vibrant Finance deployment offer?

 

Vibrant Finance introduces the DL-AMM model, a Discretized-Liquidity Automated Market Maker, revolutionizing concentrated liquidity with precise allocations at fixed prices. This model, combined with Vibrant Finance's unique offerings, Vibr Swap and Vibr Farm, provides users with on-chain limit orders, liquidity mining strategies, and a user-friendly interface reminiscent of centralized exchanges.

 

This deployment is unique for the following reasons:

 

Innovative DL-AMM Model: Leveraging a Discretized-Liquidity Automated Market Maker (DL-AMM) model, Vibrant Finance facilitates precise liquidity allocation at predetermined prices, providing optimized transaction efficiency while enhancing yield opportunities for liquidity providers.

 

The DL-AMM model evolves from Uniswap V3's concentrated liquidity model, introducing an AMM mechanism that offers discrete liquidity for each price movement. This advancement allows for the precise allocation of liquidity at specific fixed prices, moving beyond the price range-based distribution seen in Uniswap V3. It enables Vibrant Finance to support additional trading methods, such as limit orders, thereby enhancing liquidity management. Compared to the traditional CP-AMM model, this approach increases capital efficiency by 5,000 times. Additionally, the concentration of liquidity means traders can enjoy reduced slippage costs, making trading more cost-effective.

 

 

Limit order allowing users greater precision and control over their orders.

 

Concentrated Liquidity Mining: Vibrant Finance employs a fixed and dynamic concentrated liquidity mining strategy, setting up double incentives for liquidity providers within a price range. This approach ensures idle liquidity is never incentivized, promoting active and efficient market participation.

 

Intuitive and friendly UX: Vibrant Finance offers a decentralized trading platform that rivals the user experience of centralized exchanges. It boasts an intuitive interface with comprehensive features such as order books, live price charts, and sophisticated order management capabilities, facilitating seamless and effective trading activities. The intuitive user interface replicates the ease and efficiency of centralized exchanges in a decentralized environment.

 

You can check out this new DEX at https://vibr.finance/trade/swap, connect your wallet, and hit Swap. However, we recommend traders must do their own research before making their trades.

 

Future Outlook

 

Users will experience the efficiency and throughput of the Solana ecosystem on Neon EVM while enjoying a superior trading experience and improved capital efficiency on Vibrant Finance.

 

That said, the ecosystem is growing, and Neon EVM stays committed to helping developers build, deploy, and ship their projects with ease, resiliency, and efficiency. Come see the buzz within Neon EVM community on Discord and stay tuned for all the EVM alpha on our Twitter.

 

Are you building?

Read more on Neon architecture on our docs. If you plan to build your dApp, contact Vishvendra Dhayal, on our DeFi team, at [email protected] for an insightful conversation. Don’t miss a beat: join Neon EVM on Discord and Twitter for the latest updates.

 

About Neon EVM: Neon EVM is an Ethereum Virtual Machine on Solana that allows developers to scale Ethereum dApps using Solana as the settlement layer. It operates as a smart contract on Solana that accepts transaction requests via public PRC endpoints. It gives developers the power to directly deploy Ethereum dApps with minimal reconfiguration to the code, while benefiting from Solana's technical advantages such as parallel processing. For more information about Neon EVM and future updates, visit NeonEVM.org and connect with the community on Twitter or Discord.

 

About Vibrant Finance: Vibrant Finance is a leading DeFi platform known for its innovative DL-AMM model, efficient trading, and unique limit order features. It provides a user-friendly trading experience with two products; Vibr Swap and Vibr Farm.