![Impermax [OLD]](https://thehdgr.com/storage/coins/impermax.png)
Cryptocurrency Impermax [OLD] (IMX)
The price for Impermax [OLD] (IMX) cryptocurrency is currently 0.00053 $ (15 min delay),
daily range of currency change is 0.00052 - 0.00053 .
Last 24 hours news: trading volume -
2.00 $, price variance
-0.37%
.
Project Website - https://impermax.finance/
Explorer of transactions - https://etherscan.io/token/0x7b35ce522cb72e4077baeb96cb923a5529764a00
Twitter Account - https://twitter.com/ImpermaxFinance
Chart Impermax [OLD] (IMX)
| Current price Impermax [OLD] (imx) | 0.00053 $ |
| Market Capitalization | 32.96K $ |
| Trading Volume last 24h | 2.80 $ |
| Market cap rank | № 3509 |
| Absolute maximum | 2.52 $ |
| Absolute minimum | 0.000074 $ |
Impermax [OLD] Quotes
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| No active trades for this coin. | ||||||
What is Impermax [OLD] (IMX)
Impermax is a DeFi lending platform that lets Uniswap liquidity providers use their LP tokens as collateral for permissionless loans. This potentially unlocks billions of dollars locked in LP token contracts that are otherwise unusable.
These LP token backed loans can be used for trading, staking, or other purposes, but the most interesting case is to use loans to increase one's liquidity providing position. This allows yield farmers to multiply returns many times without adding any additional funds of their own. This is called leveraged yield farming, and it's what Impermax is designed for. A leveraged yield farmer can multiply their Uniswap yields up to 20 times, (although leverage comes with increased risk of impermanant loss.)
IMX token holders control governance, profits, and reserves generated by interest and fees on the Impermax lending platform.
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Trading discount
