Impermax Leveraged Yield Farming To Arbitrum’s SushiSwap
Impermax is pleased to announce that leveraged yield farming is now available also on Arbitrum for SushiSwap! Users on Arbitrum will now be able to use their SushiSwap’s SLPs as collateral on Impermax in order to leverage their farming positions.
The supported SLPs include ETH-NYAN, the Arbitrum “meme token” project with over $1.5B in TVL. The ETH-NYAN SLP currently yields over 3200% APR mostly due to the NYAN farming reward. Users on Impermax can now leverage their ETH-NYAN positions up to 3x in order to get a much higher and auto compounded return.
Using Impermax on Arbitrum
Arbitrum is a L2 scaling solution based on optimistic rollups. You can deposit and withdraw ETH, IMX and many other tokens using the official Arbitrum bridge: https://bridge.arbitrum.io/ (please notice that by Arbitrum design the withdrawal time is currently of 7 days).
You can access to Impermax on Arbitrum at the following link: https://arbitrum.impermax.finance/
About Impermax.finance
Impermax aims to be DeFi’s top platform for Liquidity Providing lending services. Since its launch on Uniswap V2 in March 2021, the Impermax dapp has consistently provided the highest leveraged Liquidity Providing APYs in DeFi. Its contracts have been audited by Certik and Cyber Unit.
