Impermax Launches Leveraged Yield Farming Protocol on Avalanche’s Pangolin
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
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.
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