Impermax Finance

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/

How do I leverage my LP?

  1. Obtain LP Tokens

Head over to Equalizer and complete Steps 1 and 2.

  1. Deposit LP Tokens

Go to Impermax and connect your wallet. Find the ETH/TAD pool and deposit your LP tokens.

  1. 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.

  1. 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.

  1. Monitor & Manage

It is very important to regularly monitor your liquidity position on Equalizer and your borrowing level on Impermax to avoid liquidation risks.

Last updated