impermax logo download PNG or SVG

Information about impermax

Impermax is a DeFi lending platform that addresses the issue of liquidity providers being unable to use their LP tokens as collateral for loans. LP tokens, which track the positions of yield farmers, are not accepted by traditional DeFi lending services. However, Impermax allows liquidity providers to leverage their LP tokens, opening up the potential to access billions of dollars currently locked in unusable LP token contracts. These loans backed by LP tokens can be utilized for various purposes such as trading, staking, or enhancing liquidity provision. Leveraged Yield Farming, which enables yield farmers to significantly increase their farming returns without investing additional funds, is the primary focus of Impermax.

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