Impossible Finance V2 Swap Went Live
Impossible Finance V2 Swap is powered by Impossible-based V2 liquidity, which is still in early stages. The v2 swap design is competitive with state-of-the-art AMM swap designs for stablecoin swaps.
V2 Swap Provides:
1. Asymmetrical tuning — the ability to provide different capital efficiencies for each side of the invariant curve. This is extremely useful for stablecoins with strong economics on 1 side of the peg
2. Better gas efficiency— swap implementation of the xybk invariant is efficient, providing swaps as efficient as curve.finance based swaps + cheaper than uniswap v3 based swaps.
Impossible Finance swap aims to provide LPs with better passive portfolio management through governance’s ability to precisely manage risk/reward based on market conditions. For users of swaps, we maintain very competitive slippage rates and swap fees.
The swap launching comes with:
- Audits from AtticLab and Zokyo proving the security of our swap
- A yield farm for LPs for IF-BUSD and IF-WBNB pools starting Friday, June 18th at 1:00pm (UTC) for 60 days
Impossible Finance uses decentralized financial protocols to give everyone the same access to financial products, which were previously only available to institutions and select individuals. Impossible Finance is migrating STAX to IF tokens (1 : 1), and also upgrading the smart contracts for new features. Staked rewards from STAX LP tokens will stop.
For the complete process on how to migrate please refer to this guide that Impossible Finance have published or read their full guarded article here.
ABOUT Impossible Finance
Impossible Finance uses decentralized financial protocols to give everyone the same access to financial products, which were previously only available to institutions and select individuals.
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