Impermax IBEXPrice $ 0.000743

Impermax is a cross-chain, permissionless, decentralized lending protocol where users can participate as lenders or borrowers in isolated lending pools. Each lending pool represents a pair of 2 tokens of a DEX. Lenders can supply tokens to any lending pool to earn passive yield without impermanent loss. Borrowers can deposit LP tokens in a lending pool to borrow tokens of the token pair. This enables borrowers to leverage their LP tokens and get even more LP tokens, allowing for leveraged yield farming and enhanced LP rewards. 

With Impermax, farmers can start earning yield from liquidity providing on DEXes with a single token deposit. Impermax eliminates the risk of impermanent loss for these farmers (suppliers) removing one of the biggest negatives of liquidity providing.

IBEX token holders control governance, profits, and reserves generated by interest and fees on the Impermax lending platform.

Historical event: Impermax has migrated from their old IMX token to IBEX token. More info: https://impermax.medium.com/ibex-launch-announcement-1b9195a53d3e. Old token page: https://cryptorank.io/price/impermax.