Impermax Finance
Last updated
Last updated
Impermax is a cross-chain, permissionless, decentralized lending protocol where users can participate as lenders or borrowers in isolated lending pools.
Each lending pool represents a pair of 2 tokens of a DEX. Lenders can supply tokens to any lending pool to earn passive yield without impermanent loss. Borrowers can deposit LP tokens in a lending pool to borrow tokens of the token pair. This enables borrowers to leverage their LP tokens and get even more LP tokens, allowing for leveraged yield farming and enhanced LP rewards.
Website: https://www.impermax.finance/
Investing in Impermax.finance carries the risk of financial loss; always conduct your own research (DYOR) and proceed with caution. Invest only what you can afford to lose, as you proceed at your own risk.
Obtain LP Tokens
Head over to Equalizer and complete Steps 1 and 2.
Deposit LP Tokens
Go to Impermax and connect your wallet. Find the ETH/TAD pool and deposit your LP tokens.
Borrow ETH
Once your LP is deposited, you can use your LP tokens as collateral to borrow ETH.
Important: Do NOT supply TAD to Impermax. This would allow others to borrow TAD, potentially leading to shorting pressure on the token.
Use Borrowed ETH to Buy More TAD
Use the borrowed ETH to buy more TAD and loop the process for higher exposure.
Auto Leverage: Utilize Impermax's auto-leverage feature to automate this compounding strategy.
Monitor & Manage
It is very important to regularly monitor your liquidity position on Equalizer and your borrowing level on Impermax to avoid liquidation risks.