Impermax Brings Impermanent Loss Solution To Polygon’s QuickSwap

Indirect Liquidity Providing on QuickSwap

This week on Thursday, June 17th, Impermax will launch its Indirect Liquidity Providing service on the Polygon network supporting the Quickswap DEX.

Simplifying Liquidity Providing On QuickSwap

Impermax also greatly simplifies the liquidity providing process. Just make a single deposit and your funds will start earning liquidity providing yield indirectly, just as if you were staking. This is a welcome feature for new providers who may not be comfortable with all the steps involved with traditional liquidity providing requirements.

Leverage Your QuickSwap Yields

Impermax also brings the ability for Quickswap liquidity providers to borrow funds to leverage their yields. Whenever there’s a surge in yields, liquidity providers can easily multiply their farming positions many times over to take advantage of increased returns.

Opportunities For Impermax Users

For current Impermax users, QuickSwap provides an easy, fast solution to Ethereum’s high network fees. Fees on Polygon are hundreds or even thousands of times lower than Ethereum’s. This makes it far easier for Impermax users to enter and exit farming positions as yields change. It also makes it easier to borrow, lend, and for anyone to add any new pairs they like to the system.

Support for QUICK Staking

QUICK staking will be enabled by default on supported pairs, which means that by depositing a QuickSwap LP token on Impermax users will earn both the trading fees from QuickSwap as well as the QUICK staking reward.

About Polygon and QuickSwap

Polygon is a layer 2 Ethereum scaling solution designed to create an internet of connected blockchains. It’s designed to make it easy to port Ethereum-based tokens and apps directly into it, combining Ethereum’s powerful ecosystem with Polygon’s higher speed and lower fees.

About Impermax is an advanced DeFi platform that allows anyone to earn yield from liquidity providing with no impermanent loss. Using Indirect Liquidity Providing, farmers can lend funds to other farmers who use them to increase their earnings. The earnings are then shared between the lenders and borrowers.

We're developing a DeFi ecosystem that will enable investors to leverage their LP Tokens