top of page

Acerca de

  • What is the purpose of the IBEX token?
    IBEX is a governance token that controls all the reserve income generated by the Impermax lending markets across all supported networks. Holders will have the ability to receive this passive income, as well as governing the future of the project.
  • How does Impermax generate value for IBEX token holders?
    A % of each interest payment is sent to the reserve account to be distributed as profits and/or growth development funds, according to the on-chain governance.
  • What is the supply of IBEX?
    There is a max supply of 87,250,000 tokens.
  • How do I earn the IBEX liquidity mining reward on Impermax?
    Impermax is distributing 40% of total supply to borrowers over the first 4 years of operation. In order to earn this reward you can borrow or leverage funds on supported pairs.
  • Where can I buy IBEX?
    IBEX token is currently available on Quickswap and Solidlizard
  • What is the purpose of Impermax.Finance?
    Impermax enables Indirect Liquidity Providing. This means liquidity providers can lend funds to other providers who use them to earn AMM yields and then share the returns with the lender. All impermanent loss is carried by the borrower. The Indirect Liquidity Provider is free to yield farm with no impermanent loss risk.
  • What problems are solved by Impermax?
    Some yield farmers (also called AMM Liquidity Providers) are looking for a way to eliminate impermanent loss and still earn yield. Other yield farmers are looking for a way to increase their returns and aren’t as concerned about impermanent loss. Impermax solves both of these problems by allowing risk-averse farmers to lend funds to risk-tolerant farmers.
  • What networks does Impermax operate on?
    Currently it is Ethereum, Polygon, Arbitrum, Avalanche, Fantom and MoonRiver.
  • How does Impermax generate yield for users?
    Basic liquidity providers on AMMs (like QuickSwap & Uniswap) earn yield from transaction fees and liquidity mining. Impermax allows users to greatly increase or decrease the risk and returns of these yields.
  • How do I earn with Indirect Liquidity Providing on Impermax?
    Indirect Liquidity Providing is much easier than basic liquidity providing. Just deposit any supported token on the app, earn passive returns, and withdraw them at any time. It works similar to staking.
  • Has the code been audited?
    Yes, multiple third party audits have been completed with no major security issues found. Certik performed a code audit available here. CyberUnit performed a code audit available here.
  • Where can I find the tutorial for how to use Impermax.Finance?
    For a more comprehensive guide on how to use Impermax check out our video tutorial on YouTube.
  • After deleveraging I can't see my LP tokens. Have I lost my funds?
    No, your funds are safe. Deleverage breaks down the LP token in the 2 underlying assets and use them to pay the debt. The remaining tokens are sent to your wallet as underlying asset.
  • I can't deposit or withdraw. I get stuck after approval.
    Most likely you're using Ledger on Polygon. In this case message signing has a bug so what you need to do in order to bypass the problem is: 1) Click on approve 2) Refuse to sign the message 3) You will be asked to approve by sending a transaction. Proceed. 4) Now everything should work normally
  • Is there a lockup period for withdrawing funds from Impermax?
    No. You can withdraw and deposit funds from Impermax at any time.
  • Which wallets are supported?
    Currently MetaMask.
  • What is Liquidation and how is it triggered?
    When you take a leveraged position you choose a price movement window for the LP token pair you are leveraging. The higher the leverage you choose, the smaller the price movement window. If the relative prices of the tokens in the pair move higher or lower than the window, your leveraged LP tokens will be sold and the loan automatically repaid. If this happens, you don’t lose your entire balance. You will only lose 4% of the borrowed amount. More details are here.
  • How can I avoid Liquidation?
    You can reduce the risk of liquidation in several ways. Choosing token pairs with low volatility relative to each other reduces risk. Choosing lower leverage and therefore a wider liquidation window reduces risk. If you check back and see that your position is getting closer to liquidation you can reduce leverage or deleverage completely any time you want.
  • What is Leverage?
    Leverage is when you borrow funds and use them to increase the size of your token holdings. You can earn increased rewards on this higher amount, then later pay back the loan and keep the rewards. If you use $1,000 as collateral to borrow $4,000 we call that x5 leverage because your position went from $1,000 to $5,000.
  • What are the risks of Yield Leverage?
    Too much impermanent loss can mean your leveraged position gets liquidated. Liquidation is only possible with leveraged positions and borrowing, not Indirect Liquidity Providing. If the relative prices of the tokens in a LP token pair diverge too much, the system automatically sells the LP tokens and repays the lender. As with all DeFi, there are also contract risks, although Impermax has taken steps to reduce these.
  • How do I earn with Yield Leverage on Impermax?
    Yield leverage is for users who want to multiply their returns. First, provide liquidity on Uniswap V2 or any other supported AMM and acquire some LP tokens. Then deposit the LP tokens on Impermax. Then choose the amount of leverage you want. This lets you borrow funds to increase your position (and therefore earnings) by many multiples in most cases.

Got Questions? 

We're happy to help! Drop us a line.

Thanks for submitting!
bottom of page