Impossible Finance is a decentralized incubator, launchpad, and swap ecosystem. The IF token acts as the governance token primarily consisting of the decentralized swap and the fees accrual token for the swap. Impossible Finance also features the IDIA token (Impossible Decentralized Incubator Access) - a token used to govern and provide access into the allocations of its launchpad.
IF is governed via the IFDAO: https://medium.com/impossiblefinance/the-impossible-dao-85dc558a6efb.