IMX Farming is Now Live on Polygon
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:
0x60bB3D364B765C497C8cE50AE0Ae3f0882c5bD05
Trade IMX on QuickSwap
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!
If you hold IMX on Ethereum and you want to transfer it to Polygon or viceversa you can do that through the official Polygon Assets Bridge.
Updated Liquidity Mining Rewards
Impermax is currently distributing around 65k IMX per day to borrowers as part of the liquidity mining program. With this update, the liquidity mining reward will be split between Ethereum and Polygon: 76% will go to Ethereum and 24% will go to Polygon. In the next weeks these percentages will be adjusted based on the demand for each network.
No changes were made to the farming pools on Ethereum. On Polygon the reward will be split among these 8 pools in the specified percentage:
- USDT/USDC: 20%
- USDC/DAI: 20%
- DAI/USDT: 20%
- IMX/WETH: 20%
- WETH/USDT: 5%
- WETH/USDC: 5%
- WETH/DAI: 5%
- WBTC/WETH: 5%
How to Earn IMX on Polygon
You can already start farming IMX by going to our App and opening an LP leveraged position in one of the incentivized pairs. Please remember that if you already have a leveraged position opened before the liquidity mining program went live you may have to activate the IMX reward manually in the Farming tab.
For a more comprehensive guide on how to use Impermax you can check out our video tutorial.
