Impermax launches on Polygon

June 24th, 2021 — We are happy to share that Impermax is launching on Polygon. QuickSwap users will now be able to earn yields from liquidity with no impermanent loss. Impermax also allows QuickSwap liquidity providers to borrow & leverage their farming yields, by up to 50x.

Impermax currently offers some of the highest supply APRs in the industry. For instance, Uniswap users earned more than $500,000 in the month of May on providing Indirect Liquidity. The QuickSwap version aims to provide higher benefits and earnings to the users.

What does this integration mean for Polygon users?

Low gas prices and swift transactions are the key takeaways for Polygon users. This creates opportunities for the Impermax users to enter and exit the farming positions as the yields change.

Quick staking is another attractive opportunity for Impermax users. The users earn both the Quick staking rewards and the trading fees from the QuickSwap deposit made, in the form of Qucikswap LP tokens. Consequently, the Quick staking rewards are reinvested, which will result in the increased QuickSwap LP tokens. This reinvestment ensures that the reward redemption is hassle-free for the users.

About Impermax

Impermax.finance is an advanced DeFi platform that allows anyone to earn yield from liquidity providing with no impermanent loss. Using Indirect Liquidity Providing, farmers can lend funds to other farmers who use them to increase their earnings. The earnings are then shared between the lenders and borrowers.

Impermax is the only DeFi platform that effectively solves the problem of impermanent loss on decentralized exchanges and allows borrowers to leverage their farming yields by up to 20x.

Impermax creates capital efficiencies across the DeFi industry by allowing risk-averse liquidity providers to transfer their impermanent loss risk to risk-tolerant providers for a premium.

About Polygon

Polygon is the first well-structured, easy-to-use platform for Ethereum scaling and infrastructure development. Its core component is Polygon SDK, a modular, flexible framework that supports building and connecting Secured Chains like Plasma, Optimistic Rollups, zk Rollups, Validium, etc., and Standalone Chains like Polygon POS, designed for flexibility and independence. Polygon’s scaling solutions have seen widespread adoption with 450+ Dapps, 350M+ txns, and ~13.5M+ distinct users.

If you’re an Ethereum Developer, you’re already a Polygon developer! Leverage Polygon’s fast and secure txns for your Dapp. Get started here.

More from the Polygon Blog
Green Blockchain Summit 2.0: Agenda at a Glance 

Ethereum’s shift to Proof of Stake consensus, known as the Merge, has dramatically cut Polygon’s carbon dioxide emissions, opening the path to going beyond being carbon negative and toward empowering others to do the same. The conversation has shifted from blockchain sustainability to blockchain as a sustainability solution.  Join us for the second chapter of […]

Read More
Robinhood Selects Polygon to Launch Web3 Wallet Beta

Today, we are thrilled to announce that Robinhood has chosen Polygon as the first blockchain network to support its newly launched Web3 wallet. The Robinhood Wallet beta is now live for 10,000 iOS customers out of 1+ million who signed up for the waitlist in May. Together, Polygon and Robinhood are opening access to decentralized […]

Read More
What Is a zkEVM?

Zero-knowledge (ZK) tech is one of the most prominent and promising paths to scaling Ethereum. One popular use of ZK proofs to scale Ethereum is what’s known as a zkEVM (zero-knowledge Ethereum Virtual Machine). So what is a zkEVM, and how does it help us make Ethereum cheaper and more efficient to use? Understanding the […]

Read More
Polygon-Powered Icetea Labs Accelerator Launches With 6 Startups

Polygon has teamed up with Alpha Venture DAO and Icetea Labs to launch the inaugural Icetea Labs Accelerator Program for blockchain startups.  Working in a tight three-way partnership, Polygon is co-creating an accelerator to funnel resources, mentorship, education, and business acumen to promising Web3 companies from around the world. The startups selected for the accelerator […]

Read More
Apply to Polygon Bootcamp Africa and Kickstart Your Web3 Developer Journey

Applications are open for Polygon Bootcamp Africa, launched in partnership with Xend Finance! The eight-week intensive educational course and hackathon combo will put developers in Africa on the Web3 map.  This is Polygon’s biggest step in providing resources to developers, builders, and creators in Africa, and it comes during an important time.  An internet and […]

Read More
Starbucks Taps Polygon for Its 'Starbucks® Odyssey' Web3 Experience 

Today, we are thrilled to announce that Starbucks Coffee Company is working with Polygon to provide the blockchain technology to build its recently announced Web3 experience, Starbucks Odyssey. As a result of the partnership, this new Web3-powered experience will allow Starbucks Rewards loyalty program members and Starbucks partners (employees) in the United States to earn […]

Read More
PolygonInsights - WEEK39

Hola readers! We announced Polygon Bootcamp Africa, an eight-week intensive educational course and hackathon combo, in partnership with Xend Finance, Polygon-based carbon compensation project Coorest has become the first Web3 initiative to have an officially verified carbon standard, and Quadrata, a passport network bringing the identity and compliance layer to public blockchains, is integrating its […]

Read More
From UDC 2022 to Token 2049: A Week for the Devs in APAC

For Web3 developers in Asia, this week was absolutely packed with must-see events. Polygon was there, showing love for the devs in South Korea and Singapore. Here is a rundown of our devrel outreach. Upbit Developers Conference 2022 Some of the best known blockchain developers in Korea and beyond gathered at this year's Upbit Developer […]

Read More
Polygon-Powered Coorest Earns Web3’s First Certified Carbon Standard 

Polygon-based carbon compensation project Coorest has become the first Web3 initiative to have an officially verified carbon standard. The Coorest Carbon Standard (CCS) is certified by an official UN auditor and is a new benchmark for CO2 compensation that leverages distributed ledger technology to eliminate unfair and opaque carbon offset practices. In partnership with Polygon, […]

Read More
crossmenuchevron-down-circle