The Impossible Finance IDO #25 — Zyfi
We’re excited to introduce our upcoming IDO #25 — Zyfi. Zyfi is building the best on-chain experiences leveraging Paymasters and Intents. One of Zyfi’s mission is to eliminate the complexities of gas fees for users, enabling DApps to offer a more accessible and frictionless experience for everyone.
Zyfi’s robust platform allows developers to integrate gas abstraction directly into their DApps, enabling gas payments in any ERC-20 token and even offering gasless transactions through sponsorships. For users, Zyfi simplifies the web3 experience by allowing them to pay gas fees with any token or have them sponsored by third parties, eliminating the need for holding native tokens on different chains.
The Zyfi Core Team brings together experienced professionals with a strong track record in blockchain development, smart contracts, and decentralized finance. The team, led by CEO Gauthier and CTO Guilherme, has built a platform that is already finding product-market fit, with over 40+ DApps integrated into the Zyfi ecosystem, including leading names like Pancakeswap, SyncSwap, and Koi Finance. Their expertise and commitment to innovation are driving Zyfi’s growth and success in the rapidly evolving web3 space.
Zyfi has already secured partnerships with major blockchains such as ZKsync, Cronos zkEVM, and Abstract, positioning itself as a leader in gas abstraction technology. By leveraging ZKsync’s native Account Abstraction (AA), Zyfi’s paymaster services extend to both EOAs and Smart Wallets, making it the first platform to offer such comprehensive support across the ZK ecosystem.
At the heart of Zyfi’s ecosystem is the ZFI token, which powers the platform and provides users with discounts on gas fees and other benefits. The ZFI token plays a critical role in Zyfi’s economic model, enabling users to reduce transaction costs and access premium services.
Some of the key ZFI token utilities include:
- Gas Payments & Discounts: ZFI can be used to pay gas fees across supported DApps, offering holders up to 20% discounts on gas costs, and incentivizing frequent use and holding of ZFI.
- Governance & Staking: Stakers gain governance rights to vote on Zyfi’s decisions and earn rewards, giving both economic benefits and decision-making power. (30% of the total ZFI supply for the DAO)
- Gas Sponsorship & Incentives: Projects can use ZFI to sponsor user gas fees, and the token also funds grants and rewards within the ecosystem.
For more information, explore Zyfi’s docs and stay tuned for further updates across Impossible Finance and Zyfi channels.
Participate in the IDO via the Impossible Launchpad
Learn how to use the Impossible Launchpad
Subscription Timeline
Zyfi Token Sale Details
Launchpad Pools (Sale cards)
Launchpad Staking Pools (Sale cards)
For Zyfi’s ZFI IDO, we will be having 3 sale cards to cater to different users:
- IDIA Standard Sale: Stake limit - Users can stake a maximum of 50,000 IDIA tokens at any one time as consideration for allocation. The maximum ZFI a user is able to purchase is capped at the user’s allocation, which is calculated after the staking period.
- IDIA Unlimited Sale: No stake limit - Users can stake any amount of IDIA at any time as consideration for allocation. The maximum ZFI a user is able to purchase is capped at the user’s allocation, which is calculated after the staking period.
- Whitelist Allocation Sales: Users can participate in upcoming Whitelist marketing campaigns and complete community-oriented tasks to stand a chance of winning guaranteed ZFI allocation. Stay tuned to the Impossible Finance social media channels and for more details!
Helpful Guides
IDIA is a native token on BNB chain, therefore, IDIA is available in other chains using bridging solutions.
IDIA (Stargate) contract address: 0x6Db8b088c4d41d622B44CD81B900bA690f2d496C
If users do not have IDIA tokens yet for the Zyfi IDO, there are 2 options to obtain IDIA on Arbitrum:
How to get IDIA tokens on Arbitrum?
Options 1: For users with IDIA
The current live token on Arbitrum is IDIA bridged using Wormhole bridge. Users need to exchange their Wormhole-bridged IDIA for Layerzero-bridged IDIA.
This exchange can be done at IF swap, trading tokens 1 to 1 without any fee. Check how to do this below:
How to migrate your Arbitrum IDIA using IF Swap?
Step 1: Go to our Swap through this link
Step 2: Select IDIA AnySwap/Wormhole (depending on the ones you have on your wallet)
Step 3: Select IDIA Stargate
Step 4: Make sure your Wallet is connected and you have selected Arbitrum Chain
Step 5: Swap your existing IDIA into the new IDIA (approximately 1:1 ratio)
How to migrate your non-Arbitrum IDIA to Arbitrum IDIA using Stargate?
Step 1: Go to Stargate Transfer
Step 2: Connect your wallet
Step 3: From: Select IDIA and the respective Network it is currently on
Step 4: To: Select IDIA and Arbitrum as the Network
Step 5: Enter the amount
Step 6: Transfer
Option 2: For users without IDIA
If you would like to buy IDIA on Arbitrum, you can do so by purchasing it through Impossible Swap. You can follow the steps below:
Step 1: Go onto Impossible Swap & connect your wallet using the Arbitrum network
Step 2: Select your tokens and make sure you select “IDIA (Stargate)”
Tips
- We created two pairs: IDIA/USDC or IDIA/ETH. Feel free to swap either.
- “IDIA (Stargate)” is the new IDIA on Arbitrum.
Token Allocation Calculation
- The token sale for Zyfi will follow the standard Impossible Launchpad staking subscription format whereby users’ stakeWeight is calculated based on the proportional amount of IDIA or they stake and the duration they stake relative to the total amount and staking duration of the entire pool, with users’ staked IDIA balances recorded at the start of the stake period.
- This design is currently selected to ensure that all users can have a proportionate access into the ZFI token depending on which pool they enter into. As we develop the Impossible launchpad product offering, we will enable other fair, smart allocation mechanisms which will further decentralize token distribution.
KYC Details
- KYC Preparation Period: Rolling ongoing basis. We require 50 IDIA tokens to start KYC to prevent bots from spamming our KYC partner. Users can KYC anytime during the entire IDO timeline, but will not be able to stake until their KYC is completed. To maximize the staking utility of users' IDIA, users have to pass KYC before the staking period begins. In other words:
- If users pass KYC after the end of the staking period, they will miss the opportunity to participate
- If users pass KYC during staking period, they will only be able to stake for the remaining staking period and receive a lesser allocation than if they were to start staking from the beginning of the staking period
- For more details about how to verify your wallet and pass KYC, follow our guide here!
About Zyfi
ZyFi is the leading Gas Abstraction layer on ZKsync leveraging Intents and Paymasters for every wallet (EOAs and smart wallets included) to allow users to pay gas fees with any token and dApps to sponsor transactions for their users based on custom logic.
Website | Docs | Twitter | Youtube | Discord
About Impossible Finance
Impossible Finance is the go-to crypto investment platform that empowers you with high-quality, fair and accessible crypto opportunities. We simplify DeFi so you can enjoy fairer investing, cheaper trading and better yields through our accelerator, launchpad, and swap platform.
Website | Twitter | Discord | Telegram | Medium
Terms & Conditions:
- DISCLAIMERS, TERMS, and RISKS
- Impossible reserves the right in its sole discretion to amend or change or cancel this announcement at any time and for any reason without prior notice.
- Users need to complete their KYC and also be from an eligible jurisdiction to participate in this token sale.
