Introducing IMX Staking

Impermax Finance has announced that IMX Staking will officially go live on July 21st at 2pm CET. Users can stake IMX and receive rewards as soon as it starts to be distributed.

The IMX token gives the right of ownership of the Impermax protocol, and for this reason the main users that will benefit from Impermax revenue stream are IMX holders. Protocol profits are used to buy IMX from the market, creating buying pressure, and these IMX are then distributed to holders through IMX Staking.

The staking process is immediate and you can stake and unstake your IMX at any time. By staking IMX you will obtain xIMX, a fully composable ERC20 token representing your share of the staking pool. Staking rewards will be automatically compounded to your IMX balance. Please notice that IMX Staking will be initially available only on Ethereum mainnet.

About Impermax Finance

Impermax gives one-click access to DeFi yield farming with no risk of impermanent loss.

• Indirect Liquidity Providing is a simpler, safer way to yield farm.
• You can become a liquidity provider with a single token deposit, just like staking.
• Impermax is decentralized, audited, and growing to support all DeFi networks.

INFO:

https://impermax.medium.com/introducing-imx-staking-281e7b7b54c