Impermax creates a permissionless lending market where liquidity providers can usetheir LP tokens as collateral to borrow the tokens in that pair. This largely solves theproblem of impermanent loss. Lenders can indirectly provide liquidity to the AMM and 2earn a yield by lending tokens to a borrower with no risk of LP token devaluation. It alsoallows borrowers leverage on LP tokens. Borrowers who are more comfortable with riskcan borrow assets to lock up for even more LP tokens, allowing leverage on their yield.With this solution, Impermax is aiming to become the world’s top lending marketplacebased on LP tokens.1.3.1 Novel SolutionsThe Impermax lending market is built around two innovations. The first is its uniqueeconomic architecture, which keeps all lending pair pools separate. This means that if aborrower’s position is liquidated in one pair, the other pairs will not be affected.The second novel structure is the collateralization model. Instead of using a loan-to-valuecalculation for collateral, Impermax uses a parameter called “safety margin” to reduce therequired over-collateralization and provide much higher leverage than similar currentdesigns.1.3.2 ProductizationThe first supported AMM will be Uniswap V2 and will include every pair on the platform.Uniswap V2 has about $1.6 billion USD worth of LP tokens which will immediately beavailable for use. Other AMMs will follow.
Impermax x Uniswap V2 coreThe core contracts are composed of a Factory, a Price Oracle, and many Lending Pools.Anyone can create a new Lending Pool through the Impermax Factory in a permissionlessway. This is possible because all Lending Pools are isolated. If a borrower is liquidated inone Lending Pool, then the other Lending Pools will not be affected. Certain tokens likeETH will be borrowable in multiple Lending Pools. Lenders will be free to choose inwhich one they lend their ETH, and we should expect the ETH interest rate to be differentacross them. This is a great way for both borrowers and lenders to better manage theirrisks.
Attention. There is a risk that unverified members are not actually members of the team
This offer is based on information provided solely by the offeror and other publicly available information. The token sale or exchange event is entirely unrelated to ICOholder and ICOholder has no involvement in it (including any technical support or promotion). Token sales listed from persons that ICOholder has no relationship with are shown only to help customers keep track of the activity taking place within the overall token sector. This information is not intended to amount to advice on which you should rely. You must obtain professional or specialist advice or carry out your own due diligence before taking, or refraining from, any action on the basis of the content on our site. Any terms and conditions entered into by contributors in respect of the acquisition of Tokens are between them and the issuer of the Token and ICOholder is not the seller of such Tokens. ICOholder has no legal responsibility for any representations made by third parties in respect of any Token sale and any claim for breach of contract must also be made directly against the Token issuing entity listed herein.
If you have any concerns about the nature, propriety or legality of this token sale or the persons involved in it please contact [email protected] with detailed information about your concerns.