Introduction
iZiSwap (Mode) launched in 2022 as part of the iZUMi ecosystem. It applies the DL-AMM (Discretized Liquidity AMM) model, splitting liquidity into precise price points instead of ranges. This aims for tighter pricing and lower slippage, though in practice the venue remains tiny with 5 coins and 6 pairs.
User experience snapshot
The interface is simple and focused. Only swap fields and basic pool details are available. No dashboards, no advanced charts. It feels like a lab experiment - a lean, no-frills DEX where trades are clear but liquidity is extremely light.
What you can do
- Swap assets across a handful of pairs like USDC/USDT.
- Test DL-AMM precision pricing on small-scale trades.
- Explore a niche DeFi tool with minimal distractions.
- Experiment with low-volume trading mechanics.
Strengths
- DL-AMM precision model offers fine-grained liquidity placement.
- Minimalist, clean interface without clutter.
- Niche space for DeFi experimentation.
Weaknesses
- Almost no liquidity - ~$660 daily volume across all pairs.
- Limited assets - only 5 coins and 6 pairs supported.
- No trust scores, reviews or external visibility.
- Only basic swaps, no advanced features.
Quick overview table
| Feature | Details |
|---|---|
| Launch Year | 2022 |
| Coins/Pairs | 5 coins, 6 pairs |
| 24h Volume | ~660 USD, mostly USDC/USDT |
| Liquidity Model | DL-AMM, point-based pricing |
| Key Strength | Precision swaps, clean interface |
| Major Weakness | Very low liquidity, limited visibility |
Final word
iZiSwap (Mode) is a DeFi niche product - more lab than marketplace. Its DL-AMM mechanics are interesting for testing pricing precision, but the lack of liquidity and visibility keep it from being useful for serious trading. Best treated as a sandbox for experiments with micro-budgets, not as a reliable trading venue.