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In recent years, the DeFi world has improved by leaps and bounds, with perks such as staking, yield farming and crypto lending spearheading the movement. Even if DeFi doesn’t completely take over the world of finance, it’s clearly causing a stir that’s not about to stop anytime soon.
Of the new features DeFi offers, the AMM (automated market maker) has been one of the most successful. Billions of dollars are locked in liquidity pools across protocols, and the figure is only set to increase within the near future. New updates are aimed at maximizing users’ returns by leveraging their positions in liquidity pools. Impermax is one of the pioneer protocols in this new sector of lending that’s based on LP tokens.
In this article, we examine the Impermax protocol and learn how to maximize returns by leveraging the features it offers.