Impermax Launches Leveraged Yield Farming Protocol on Avalanche’s Pangolin

3 min readOct 25, 2021

Today, October 24th 2021 at 10am UTC Impermax went live on Avalanche launching leveraged yield farming and IMX incentives for Pangolin’s pairs. Yield farmers on Avalanche are now able to use their Pangolin’s LPs as collateral on Impermax in order to leverage their LP positions. By doing this they can multiply the APR from their farming position, plus earn an additional IMX incentive.

Impermax’s will also enable the lending of a large variety of tokens on Avalanche. At the moment, you can already lend the following:

AVAX
USDT
ETH
WBTC
PNG
IMX

Using Impermax on Avalanche

If you want to start LYF on Avalanche right now you can access the Impermax’s Avalanche app at the following link:
https://avalanche.impermax.finance/

IMX contract address on Avalanche:
0xea6887e4a9cda1b77e70129e5fba830cdb5cddef

Trade IMX on Avalanche:
https://info.pangolin.exchange/#/pair/0xa34862a7de51a0e1aee6d3912c3767594390586d

Leveraged Yield Farming on Pangolin

Pangolin is one of Avalanche top DEXes. If you are a liquidity provider, on Pangolin you can farm PNG on a large variety of pairs. On Impermax, you will then be able to enhance your returns by using your Pangolin LP tokens as collateral to borrow tokens and leverage your position. In this case Impermax also acts as an autocompounder, so you will keep earning PNG tokens that are reinvested in your LP balance when you are using your LP tokens as collateral. Currently on Pangolin pairs we support leverages up to 10x.

IMX-AVAX will also become one of the pairs incentivized by PNG in the next few days.

Bridge IMX to Avalanche using Wanchain

Ethereum<>Avalanche bridge for IMX is live and powered by Wanchain!
You can now transfer IMX from Ethereum to Avalanche instantly using their bridge:
https://bridge.wanchain.org/#/

Protocol Improvements

The smart contracts deployed on Avalanche are the same we’ve deployed on all other chains, however we’ve heard the feedback from our community and we’ve changed some factory parameters:

The borrow fee has been lowered to 0%. On Avalanche we have decided to remove the borrow fee. You will be able to open and close leveraged yield farming positions without any upfront cost.
We have slightly modified the interest rate model by lowering the slope of the curve past the kink utilization rate in an attempt to provide more stable interest rates.

About Avalanche

Avalanche is the fastest smart contracts platform in the blockchain industry, as measured by time-to-finality, and has the most validators securing its activity of any proof-of-stake protocol. Avalanche is blazingly fast, low cost, and green. Any smart contract-enabled application can outperform its competition by deploying on Avalanche. Don’t believe it? Try Avalanche today.

About Impermax Finance

Impermax is a leveraged yield farming protocol where users can borrow and lend assets using LP tokens as collateral. It creates an efficient liquidity providing environment and it opens up several use cases, such as lending a diverse set of tokens and leveraging LP tokens.

Website: https://www.impermax.finance/
Telegram: https://t.me/ImpermaxFinance
Discord https://discord.com/invite/XN739EgG4X
Twitter: https://twitter.com/ImpermaxFinance
Medium: https://impermax.medium.com/