iZUMi responds: The token incentives for the dual mining pool are distributed at a certain ratio, and the unconsumed emissions will re-enter the mining pool to provide liquidity

ChainCatcher news, multi-chain DeFi protocol iZUMi Finance responded to the accusation from the "Arbitrum ecosystem game MetaLine that it misappropriated mining rewards and sold its tokens." iZUMi pointed out that when collaborating with projects allowed to initiate dual incentive mining activities, the token incentives from the dual mining pool will be distributed at a certain ratio. In this case, the unconsumed emissions will re-enter the mining pool to provide deeper liquidity.

The income generated from these unconsumed emissions will be distributed to veiZi holders. This strategy has been running smoothly for over a year on BNB Chain, Arbitrum, and zksync, effectively incentivizing iZi holders to provide liquidity for volatile pools.

Previous report indicated that MetaLine discovered through on-chain tracking and monitoring of the iZUMi Finance address (0x00097ed1dAcdbAB9141835852f8de20D690B6f94) that iZUMi Finance misappropriated $10,000 worth of MTG, only incorporating half of the MTG sent by MetaLine into the liquidity mining reward pool. In addition, iZUMi Finance also sold a portion of the MTG (worth over $2,640) that was not included in the liquidity mining reward pool and incorporated these funds into the mining reward pool to continue mining. (Source link)