Impermax IBEX Price

What is Impermax (IBEX)?

Impermax is a decentralized finance (DeFi) lending platform that lets liquidity providers use their LP tokens as collateral for loans. This innovative approach addresses a common problem in the automated market maker (AMM) space, where liquidity providers often cannot leverage their LP tokens for additional loans.

What is the IBEX Token?

IBEX is the governance token for Impermax. It allows holders to participate in decision-making and earn passive income from the reserve income generated by the Impermax lending markets. The total supply of IBEX is capped at 87,250,000 tokens.

How Does Impermax Generate Value for IBEX Holders?

A percentage of each interest payment made by borrowers is sent to a reserve account. This account is used to distribute profits and funds for future development, according to on-chain governance decisions made by token holders.

How to Earn IBEX Liquidity Mining Rewards

Impermax plans to distribute 40% of the total IBEX supply to borrowers over the first four years of operation. To earn these rewards, users can borrow or leverage funds on supported pairs within the platform.

Where to Buy IBEX

IBEX tokens are currently available for purchase on Quickswap and Solidlizard.

What is Leveraged Yield Farming?

Impermax enables liquidity providers to multiply their AMM yields by using leveraged yield farming. Users can leverage their earnings by borrowing against their LP tokens, potentially increasing their annual percentage yield (APY) significantly. For example, if a provider earns 40% APY, they can leverage their position to achieve an APY of up to 800% (after accounting for interest payments).

What is the IMX Token?

The IMX token is another token associated with Impermax. IMX holders have governance rights and control over profits and reserves generated from interest and fees on the platform.

Who Created Impermax?

The Impermax platform was developed by software developer Simone Rigolon and game designer/economist Brian Tinsman. Launched on Ethereum on March 1, 2021, the platform aims to address inefficiencies in the AMM industry.

Where to Buy IMX

IMX tokens can be purchased on Uniswap V2. For more information about Impermax, users can visit the platform’s website at app.impermax.finance.

Lending on Impermax

Users can also lend funds on the Impermax platform. By doing so, they contribute to the liquidity of AMMs while earning interest without the risk of impermanent loss. Interest rates vary based on the supply and demand for each token. Each loan's collateral matches its value, reducing the need for overcollateralization common in traditional DeFi lending.

What is unique about Impermax (IBEX)?

Impermax uniquely allows liquidity providers to use their LP tokens as collateral for loans, enabling leveraged yield farming and maximizing returns in the decentralized finance (DeFi) space.

Who are the founders of Impermax (IBEX)?

Impermax was co-founded by software developer Simone Rigolon and game designer/economist Brian Tinsman, who aimed to address inefficiencies in the automated market maker (AMM) industry.

Where can I buy Impermax (IBEX)?

 Uniswap V3 (Arbitrum One), Uniswap V3 (Base), Chronos