Impermax is pleased to announce that we have integrated Chainlink Keepers on Ethereum mainnet. Chainlink Keepers is a decentralized service that leverages secure and reliable off-chain computation to automate on-chain functions for smart contracts when preset conditions are met. To begin, we are leveraging Chainlink Keepers to automate staking reward distributions to IMX stakers whenever the reward is not claimed by anyone else for more than 6 hours. This will ensure that the reward is distributed to stakers at least every 6 hours.
Last month we announced that the IMX token buyback had started and that we would have distributed the protocol profits to IMX holders through a staking program. During the last few weeks we were able to buy around 750,000 IMX from the market and we are currently buying around 15,000 IMX each day as the protocol revenues are around $1500 per day.
Today, we are happy to announce that IMX Staking will officially go live on Wednesday, July 21st at 2pm CET.
Impermax is a profit generator. Up to 20% of all the interest paid on Impermax is kept by…
Profits are looking good and we have now started ongoing IMX token buybacks using only profits generated by Impermax! All IMX holders will benefit from this continuing buy pressure in both Uniswap V2 and Polygon’s QuickSwap.
Buybacks will also be implemented with upcoming releases on AMMs like BSC’s PancakeSwap.
Buybacks are live right now, but the next major update will also include IMX staking rewards built into the protocol. IMX collected from buybacks will be allocated to staking rewards. Watch for upcoming announcements as the release approaches!
How does Impermax generate profits to spend on token buybacks? …
Today, June 24th 2021, IMX token went live on Polygon enabling Impermax’s users to trade and farm it with a near zero gas fee. You can already earn the IMX reward with 8 QuickSwap’s pairs on Polygon: USDT/USDC, USDC/DAI, DAI/USDT, IMX/WETH, WETH/USDT, WETH/USDC, WETH/DAI, WBTC/WETH.
IMX Official Polygon Address:
IMX is now available to trade on QuickSwap through the pair IMX-WETH. This will give everyone the possibility to trade IMX for a zero gas fee. Make sure to always check the token address when trading IMX on Uniswap or QuickSwap!
Liquidity staking is a technique used to incentivize liquidity providing to one or more AMM’s trading pairs. Liquidity providers can stake their LP tokens on specific staking pools in order to receive an additional reward over the fees that they accrue from the AMM. A good percentage of the liquidity provided to AMMs today is incentivized through staking.
Impermax is a lending protocol that allows the use of LP tokens as collateral. The main limitation with Impermax was that in some cases users were forced to choose between either staking an LP token or using it on Impermax as collateral…
This week on Thursday, June 17th, Impermax will launch its Indirect Liquidity Providing service on the Polygon network supporting the Quickswap DEX.
For QuickSwap users, Impermax now brings the ability to earn yields from liquidity providing with no impermanent loss.
Impermax has already proven its usefulness on Uniswap. During the month of May 2021, Impermax paid out more than $500,000 to Indirect Liquidity Providers on Uniswap alone, and it currently offers some of the highest supply APR in the industry. The Quickswap version of Impermax promises to support many more pairs than Uniswap, and more opportunities for earning.
Increasingly, cryptocurrency investors are looking for on-chain indicators to evaluate projects. Total Value Locked, or TVL, has emerged as an important metric in evaluating the decentralized finance space. But what does TVL mean?
TVL represents the total value of cryptocurrency that is “locked”, or stored, in a DeFi application or smart contract. For most DeFi platforms, especially those related to lending or swaps, TVL is an important metric as it can directly affect the yields and usability of these applications for end users. …
It’s been about one month since the IMX token launch on April 29, and a lot has happened in the first month of IMX’s history.
Although the Impermax core contract was complete in early April, the team chose not to release the IMX token until Certik had completed the core contract security audit and confirmed there were no major issues. As soon as this audit was complete on April 27, the team announced the IMX release date April 29.
The IMX Token Generating Event was carried out on time and according to plan, releasing with a starting supply of 1m…
One month after the launch of the IMX Leveraged Farming program we’re excited to announce the first major update in terms of pairs and tokens supported. You can now farm IMX with 9 new pairs and 9 new tokens. In particular, we have added many of the biggest tokens in DeFi: LINK/ETH, MATIC/ETH, AAVE/ETH, COMP/ETH, CEL/ETH, SNX/ETH, YFI/ETH, CRV/ETH, ETH-2x-FLI/ETH.
Impermax has a liquidity mining program that is distributing 40% of the total supply to borrowers. Anyone who uses leverage or borrowing on Impermax will receive IMX tokens that can be claimed at any time. …
Indirect Liquidity Providing is a new approach to yield farming on automated market makers (AMMs) like Uniswap, Sushiswap, and Pancakeswap. It has shown exceptionally high potential returns relative to traditional methods, it offers full protection from impermanent loss, and it offers a simple set-and-forget experience to the user. Indirect Liquidity Providing is the complete package that farmers have always wanted, and it promises to accelerate growth of the entire liquidity providing industry.
We're developing a DeFi ecosystem that will enable investors to leverage their LP Tokens