Impermax provides a robust, permissionless market for lending and borrowing against AMM LP tokens, which gives one-click access to DeFi yield farming with no risk of impermanent loss.
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.