Impermax Launching on SX Network

Impermax announces the launching on SX Network.

Impermax is bringing their unique LP borrowing and lending protocol to SX Network.

Impermax is an automated crypto lending platform for users of Uniswap and other decentralized exchanges. It provides first-of-its-kind benefits to both lenders and borrowers. It’s the first and only platform designed to use LP tokens as collateral for automated lending, which virtually eliminates the risk of impermanent loss to liquidity providers. For borrowers, Impermax is the only Defi platform that can create 10x or higher leverage on borrowed positions with much lower liquidation risk.

Impermax is the first DeFi platform to let borrowers easily achieve 10x or higher leverage on LP tokens.

“We’re really excited to be launching Impermax on SX Network! Impermax seeks to be the top LP token-based lending platform in DeFi, and SX Network’s rapidly growing DeFi ecosystem provides us with an opportunity to grow alongside it. We’re excited to bring LP leverage to the SX Network ecosystem!” — Simone Rigolon, Founder of Impermax

“Impermax is one of the the most exciting DeFi platforms in the entire crypto ecosystem. By collateralizing LP tokens directly, Impermax creates an entirely new decentralized financial primitive that allows users to leverage their LP tokens. We’re really excited to see them launch on the SX Network!” — Andrew Young, Co-Founder of SX Network

About SX Network

SX Network will be the first public blockchain to combine a smart contract platform with an on-chain community treasury and a native prediction market protocol. SX Network is a stand-alone smart contract blockchain built on the Polygon SDK. It is designed from the ground up for blockchain application developers with EVM-compatibility, low-cost transactions, and a PoS-based consensus model.

About Impermax

Impermax is an automated crypto lending platform for users of Uniswap and other decentralized exchanges. Impermax is powered by the $IMX token, which is a governance token with voting power on interest rates, fees, and distribution of earnings on this and all future Impermax products. Impermax lets lenders offer crypto loans and earn yields on their LP tokens with no risk of impermanent loss or loan default.

INFO:

https://medium.com/sportx-bet/impermax-launching-on-sx-network-88b9a7bbfe02