Impermax price 

IMX

Automated Market Makers like Uniswap rely on liquidity providers to maintain liquidity for decentralized exchange services. Liquidity providers are sometimes called yield farmers, and their positions are tracked with LP tokens. Although LP tokens have well-defined values, traditional DeFi lending services do not accept LP tokens as collateral for loans. Impermax solves this problem.

Impermax is a DeFi lending platform that lets liquidity providers use their LP tokens as collateral for permissionless loans, potentially unlocking billions of dollars locked in LP token contracts that are otherwise unusable.

These LP token backed loans can be used for trading, staking, or any other purposes, but the most notable case is to use loans to further increase one's liquidity providing position. This allows yield farmers to multiply farming returns many times over without adding any additional funds of their own. This is called Leveraged Yield Farming, and it's what Impermax is designed for.