Impermax Brings Leveraged Yield Farming To Arbitrum’s SushiSwap

Impermax is pleased to announce that leveraged yield farming is now available also on Arbitrum for SushiSwap! Users on Arbitrum will now be able to use their SushiSwap’s SLPs as collateral on Impermax in order to leverage their farming positions.

The supported SLPs include ETH-NYAN, the Arbitrum “meme token” project with over $1.5B in TVL. The ETH-NYAN SLP currently yields over 3200% APR mostly due to the NYAN farming reward. Users on Impermax can now leverage their ETH-NYAN positions up to 3x in order to get a much higher and auto compounded return.

Using Impermax on Arbitrum

You can access to Impermax on Arbitrum at the following link: https://arbitrum.impermax.finance/

IMX contract address on Arbitrum: 0x9c67eE39e3C4954396b9142010653F17257dd39C

Leveraged Yield Farming Allows Much Higher APYs

Protocol reserves are distributed to IMX token holders as staking rewards. Borrowers also automatically earn IMX farming rewards.

Indirect Liquidity Providing Allows Lower Risk

How does Impermax eliminate impermanent loss? An indirect liquidity provider is a lender. They deposit funds that are borrowed by other liquidity providers to multiply their yields, as noted above. The yields are shared with the lender. So the lender is earning yield indirectly through borrowers.

If the potential impermanent loss becomes too high, the borrower’s position is liquidated and 100% of the lender’s funds are returned. Because the lender’s funds are protected, even in a worst-case-scenario, all the IL risk is borne by the borrowers.

Liquidity Providing With a Single Deposit

About Impermax.finance

Impermax currently supports dozens of token pairs on Uniswap V2, Quickswap, and Sushiswap, and is live on Ethereum, Polygon and Arbitrum. Plans are in place to support all top DEX platforms.

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